BUSINESS
India-US trade deal faces hurdle as differences over apple and GM crops emerge
From market access for genetically-modified crops to tariff cuts on apples, America's demands on farm produce are making trade talks with India increasingly complex.
BUSINESS
India's CPI to CAD in safe zone till Iran-Israel conflict remains contained, say experts
While oil prices are rising in reaction to the escalating conflict between Israel and Iran, for India - a net importer of crude - the key to any macroeconomic fallout depends on how much the current skirmish expends across the middle east.
BUSINESS
India seeks a sweeter trade deal with US for gherkins and natural honey
Export of gherkins and cucumbers to US may be badly hit if President Trump’s country-specific reciprocal levies kick in from next month. Indian officials are seeking concessions for these farm produces, along with natural honey.
BUSINESS
India better placed compared to others as trade deals with US, EU happening soon, says Piyush Goyal
Given that India may sign a bunch of key trade deals soon, any turbulence in the rest of the world will hurt India relatively less because the country has a big runway of growth ahead, Goyal said while addressing Swiss businesses in Bern.
BUSINESS
India can extend EV concessions to Chinese firms that pass stricter FDI test, says official
The comments come amid speculation that India may go slow on approving investments from China following its role in aiding Pakistan during the recent military conflict with India
BUSINESS
India’s July 8 deadline for 'mini-deal' may face hurdles after US doubles metal tariffs
Local industry bodies asked the government to secure an exemption from higher levies on steel and aluminium through the trade deal but Trump's decision to double the taxes will likely prolong negotiations
BUSINESS
Delhi deploys Down Under playbook to dodge looming Trump tariffs
New Delhi is aiming to finalise trade deals with the US and EU in tranches in a bid to expedite matters and escape the impending steep tariffs.
BUSINESS
India may grant tariff sops for smartphones from US, EU via FTAs
Tariff concessions on imports of US smartphones would help protect the sector from any unpredictable trade policies by President Donald Trump’s administration in the future, while with the EU, it will help settle a long-pending dispute at the WTO.
BUSINESS
Amid Trump’s diktat to Cook, India doubles down on push for Apple to boost iPhone local value addition
Government and industry sources told Moneycontrol that Apple has been working with both central and state authorities to expand local sourcing.
BUSINESS
Moving away from PLI, Centre mulls customised scheme for toys
The fresh plan for toys is likely be similar to the recently-unveiled Electronics Component Manufacturing Scheme (ECMS) that provides differentiated incentives linked to either turnover or capex, or both in certain cases.
BUSINESS
Sensitive sectors, stronger stance: India may stick to red lines in high-stakes US trade talks
India has so far offered zero-to-zero tariffs for industrial goods, while the rates on other items are still being negotiated given the government’s intent to protect sensitive sectors like dairy. Commerce Minister Piyush Goyal along with a team will be in US from May 17 for talks over the trade deal.
INDIA
India's value for money makes it a natural pick for the likes of Apple, says govt official
Trump on May 15 said in Doha that he spoke to Apple Inc. CEO Tim Cook and told him there’s no need to build factories in India
BUSINESS
India's goods trade deficit widens to $26 billion in April, exports up 9%
On a year-on-year basis, the trade gap in goods in the previous month was wider as well compared to $19.2 billion in April 2024
BUSINESS
Why China's $70 billion infra investment in Pakistan has more to do with India
Chinese investments in the Pakistani leg of the Belt and Road Initiative may be a “sunk cost”, but Indian opposition to this project may keep it alive, especially with the emergence of IMEC as a viable alternative.
BUSINESS
Operation Sindoor: After tourism, India-Turkey trade ties may take a hit
Marble, apples, gold, vegetables, lime and cement and mineral oil are some of the key imports from Turkey
INDIA
India’s China Plus One edge may fade as Trump, Xi hit pause on tariffs
Experts suggest that the shift in the US-China ties may also make it tougher for Indian negotiators to wrangle concessions through the proposed trade deal with America
BUSINESS
No trade with terror, says PM Modi as India permanently breaks commercial ties with Pakistan
This is different compared to the last time India and Pakistan suspended trade ties in the aftermath of the Pulwama attack in 2019.
BUSINESS
Trump’s ceasefire post hints at faster India trade deal, sweeteners for Pakistan
While some believe Trump’s post praising both India and Pakistan indicates that the US views New Delhi on par with Islamabad, others disagree, citing the vast economic difference between the two neighbours.
BUSINESS
Britain’s insurance break for Indian workers logical, neutral on immigration, says UKIBC’s chair Heald
In an interview to Moneycontrol, UK-India Business Council's chair Richard Heald also talks about the FTA, his country's trade deal with the US and what lies ahead for the global trade amid American tariffs
BUSINESS
India-New Zealand FTA: Next round of talks in July, aim to conclude negotiations by year-end
"Constructive negotiations were held across all areas of FTA including Trade in Goods and Services, Trade Facilitation and mutually beneficial sectors of economic co-operation. This engagement highlights the strategic importance both partners attach to building a mutually beneficial, balanced and a fair trade agreement," the commerce ministry said in a statement on May 9.
BUSINESS
India-US talks for bilateral trade accord set to resume later this month
India aims to fast-track an initial, scaled-down version of the trade agreement with the US within 45 days
BUSINESS
India, EFTA trade deal likely to be operational by September
While, the trade and investment deal between India and EFTA nations was inked on March 10, 2024, it is yet to be implemented given lengthy ratification processes.
BUSINESS
India-UK FTA: India reserves the right to retaliate if UK introduces CBAM, say govt sources
CBAM won’t restrict market access to Indian industries. Besides, some mechanism of being taxed in India before the goods are exported to the UK could also be considered to avoid CBAM, a government official said.
BUSINESS
India-UK FTA: Text to be finalised by 3 months paving way for deal signing
However, given Britain's ratification process the deal may take over a year to become operational, officials said.
