Trade
India closes FY25 with a merchandise trade deficit of $282.83 bn
16 Apr 2025
India exported goods valued at $437.42 billion during the financial year 2024-25 (April-March) against exports valued at $437.07 billion during 2023-24.
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Apple boosts India base as Trump exempts smartphones, computers and chips from ‘reciprocal’ tariffs
14 Apr 2025
Apple Inc is ramping up smartphone production in India reaching $22 billion worth of iPhones, or roughly 20 per cent of its global production
India banks on bilateral trade deal to avert tariff row with US
12 Apr 2025
India is reported to have finalised the terms of the first phase of a bilateral trade deal with the United States, its largest trading partner
Tit for Tat: China slaps 125% duty on imports from US
12 Apr 2025
China on Friday announced a hike in import duty on US goods and services from 84 per cent to 125 per cent, effective Saturday (12 April 2025), after US President Donald Trump
India, New Zealand announce various initiatives to bolster ties
19 Mar 2025
India and New Zealand on Monday announced a series of initiatives, including negotiations on an arrangement facilitating the mobility of professionals and skilled workers
India adds $14.05 billion to its merchandise trade deficit in Februray to take April-February total to $262.06 billion
18 Mar 2025
India imported goods valued at $36.91 billion in February 2025 against imports valued at $41.41 billion in February 2024
India, New Zealand relaunch free-trade negotiations
17 Mar 2025
Prime Minister Narendra Modi and his New Zealand counterpart Christopher Luxon at their bilateral meeting, in New Delhi on Sunday
India, EU to harmonise electric mobility standards
26 Feb 2025
India and the European Union (EU) are expanding and deepening their research partnership in the area of sustainable mobility, aimed at enhancing security and people-to-people contacts.
India, Qatar to focus on sustainable partnership: Piyush Goyal
18 Feb 2025
India and Qatar have decided to enhance bilateral cooperation that is consistent with sustainability, technology advancement, entrepreneurship and energy security.
India’s merchandise trade deficit shoots up to $243 billion in April-January 2024-25
17 Feb 2025
India added nearly $23 billion to its merchandise trade deficit in January 2025, taking the deficit for the first 10 months of the fiscal (April-January 2024-25) to $242.99 billion.
Trump offers 2 squadrons of F-35s for IAF
16 Feb 2025
US President Donald Trump is reported to have offered to provide up to 2 squadrons of the F-35 stealth fighters to India
India, France team up to develop small modular N-reactors
14 Feb 2025
India and France will jointly design and develop small modular nuclear reactors as part of bilateral cooperation in the renewable energy sector.
Donald Trump to slap 25% tax on all imports of steel and aluminium into US
11 Feb 2025
US President Donald Trump on Sunday said he will approve 25 per cent tariffs on all steel and aluminium imported into the United States
RBI lets 30 countries open vostro accounts with Indian banks for rupee trade
08 Feb 2025
Reserve Bank of India (RBI) has permitted correspondent banks from 30 countries to open Special Rupee Vostro Accounts (SRVAs) with banks in India
India now exports fruits and vegetables to 123 countries
05 Feb 2025
Thanks to the Agricultural and Processed Food Products Export Development Authority’s (APEDA) support schemes, India’s exports of fruits and vegetables
India, China agree to resume Kailash Mansarovar Yatra, direct flights
28 Jan 2025
India and China have agreed to resume direct flights between the two nations and the Kailash Mansarovar Yatra
India’s coffee exports surge on global demand
21 Jan 2025
India’s coffee exports have reached $1.29 billion in the 2023-24 financial year, nearly doubling from $719.42 million in 2020-21.
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India’s organic exports could reach Rs20,000 cr in next three years: Piyush Goyal
10 Jan 2025
India has the potential to take its organic product exports to levels around Rs20,000 crore in the next three years, commerce and industry minister Piyush Goel said
India’s current account deficit eases despite ballooning merchandise trade deficit
02 Jan 2025
India’s current account deficit (CAD) showed a modest decline to $11.2 billion (1.2 per cent of GDP) in the second quarter of the current financial year (2024-25)
MSME exports nearly quadruple in 5 years to Rs12.39 lakh crore
26 Dec 2024
Exports from micro, small, and medium enterprises (MSMEs) in India nearly quadrupled to Rs12.39 lakh crore in 2024-25 from Rs3.95 lakh crore in 2020-21
India, France need to expand areas of collaboration: Piyush Goal
29 Nov 2024
India and France should strive to expand collaboration beyond aerospace, defence and energy to areas like agriculture and food processing
Indian business should take part in large numbers in economic events held in Russia to increase trade
By Venkatachari Jagannathan | 15 Nov 2024
Indian businesses should be encouraged to participate in large numbers in major economic events held in Russia to advance the bilateral trade between the two countries.
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India adds $27.14 bn to its FY25 trade deficit in October to take it to $164.65 bn
15 Nov 2024
India added $27.14 billion to its merchandise trade deficit in October 2024, taking the combined trade deficit of the country for the April-October period of the 2024-25 fiscal to $164.65 billion.
Swiss govt begins process for ratification of EFTA-India trade agreement
28 Oct 2024
The Swiss government has submitted the free-trade agreement (FTA) signed between India and the European Free Trade Association (EFTA) to the Parliament
Germany wants more skilled labour from India
27 Oct 2024
The seventh round of India-Germany Inter-Governmental Consultations (IGC), held in New Delhi on 25-26 October, under the motto
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