BUSINESS
Seeking greater access for Indian steel through FTAs, says Piyush Goyal
India is negotiating trade agreements with a several countries, including United Kingdom, the United States, and New Zealand, and the EU
BUSINESS
Goyal invokes 'karma' in nudge to steel makers to back local suppliers, avoid cheaper imports
Minister Piyush Goyal said that while the domestic steel industry requires protection from dumping of goods from other nations, they too have a duty and obligation to support local supply chain.
BUSINESS
India's exports to Pakistan at 5-year high in 2024 defying bilateral tensions
Total merchandise trade between the two countries jumped 127.21 percent to $1,206.76 million in 2024 from the previous year
BUSINESS
iPhone exports: Govt thinks India has edge over China as it studies Trump tariff impact
The trade war between the US and China could give a boost to India-made iPhones, as it may not be easy for Apple to make in America
BUSINESS
Mutual tariff cuts may dominate India-US trade deal talks this week
Negotiations for the proposed BTA may largely focus on mutually lowering tariffs on key goods during India’s US visit this week.
BUSINESS
India Inc pushes for zero-to-zero tariffs on steel, aluminum, auto via BTA with US
Indian Industry is pushing for a zero-to-zero tariff regime on products that attract sectoral duties from the United States such as steel, aluminium, automobile and auto parts.
BUSINESS
India eyes tariff relief on key goods in return for ramping up US defence, energy buys
While New Delhi is considering all tariff lines in the BTA talks, duty cuts will be balanced by buying more American goods to help reduce the trade surplus with US.
BUSINESS
Trump’s tariffs threaten over $350 million of exports, force Indian MSMEs to de-risk from US
The levies have hit small and medium Indian shipments of textiles, carpets, automobile parts, marine products, furniture, and steel and aluminium particularly hard, nearly a dozen Indian exporters, companies and port operators told Moneycontrol.
BUSINESS
Not just China, India faces risk of flux of farm imports from US as well
Its trade war with China opens up a $590-million opportunity for the US to ship farm goods to India. Of US' $141.3-billion farm exports in 2024, China had a 13.5 percent share at $19.1 billion. India’s was just 1.4 percent at $1.9 billion
BUSINESS
JSW Steel gets exemption to import key raw material despite curbs
Starting from January, India imposed a ban on unrestricted imports of low-ash metallurgical coke (met coke), introducing country-specific quotas to safeguard domestic producers. The curbs are expected to be in place till June 30.
BUSINESS
India eyes FTA with EU in tranches
The 11th round of negotiations for the proposed FTA between India and EU is scheduled between 12-16 May, 2025 in New Delhi.
BUSINESS
Trump tariffs: India ups guard against dumping from China, Vietnam, Indonesia
India has identified countries and commodities for intense watch and are monitoring for any surges in imports through an inter-ministerial committee.
BUSINESS
India’s trade deficit widens to $21.54 billion in March
On a year-on-year basis, the trade gap in goods in the previous month was wider as well compared to $15.34 in March 2024.
INDIA
India, US look to wrap up talks before fall as BTA contours finalised
Commerce Secretary Barthwal said despite World Trade Organisation's pessimistic outlook on global trade, India has done 'much better' than the world during FY25.
BUSINESS
Govt may junk green bonds if 'greeniums' don’t improve in 2-3 years
The government plans to use funds raised from its usual borrowing programme to fund green projects
BUSINESS
India offers US a compelling case for a trade deal, says Piyush Goyal
The commerce minister also said India and the EU were working to to resolve sensitive issues to conclude the FTA by the end of the year
BUSINESS
Mutual trust needed to overcome trade barriers to seal EU FTA, says Piyush Goyal
The minister has called for deeper understanding of the barriers which are holding back the trade agreement. India and EU have held 10 ten rounds of FTA talks since June 2022
BUSINESS
Govt may bring back Interest Equalisation Scheme to help exporters navigate Trump tariffs
Given steeper tariffs on key goods such as steel and aluminium and auto parts by the US, the government is keen on bringing back this scheme.
BUSINESS
Govt to step up vigil on re-routing of Chinese goods via India to dodge Trump tariffs
The government has directed concerned departments that only made-in-India goods should reach the US, as New Delhi plans to remain neutral in the all-out trade war between the world's biggest economies
BUSINESS
India seeks concessions on agri products in return for auto tariff cuts in trade deal with US
New Delhi is fast-tracking talks for the trade deal with the US and is hoping to close the first tranche by August-September, according to people aware of the matter.
BUSINESS
Government weighs fresh incentives to shield exporters from Trump tariff blow
The commerce ministry is expected to meet exporters this week. Depending on their feedback, it will take a call on providing for new schemes or incentives
BUSINESS
Piyush Goyal reacts to criticism over startups remark, terms it 'unfortunate'
Goyal on April 7 also asked the larger players in the Indian industry to support smaller players to help upgrade their quality of products to global standards, Commerce Minister Piyush Goyal said on April 7.
BUSINESS
Despite Trump tariffs, India’s FY26 GDP growth may touch 6.5% on benign oil prices: Govt official
Another official said that India’s budget for 2025-26 considers uncertainties on the trade front, including those stemming from Trump administration's policies.
BUSINESS
India's overall exports can cross $800 billion in FY26 despite Trump tariffs
The WTO on April 3 warned that US President Donald Trump's reciprocal tariffs could cause a contraction of around 1 percent in global merchandise trade volumes in 2025.
