BUSINESS
India to rely on lower tariffs via FTAs amid changing trade scenario, says Jitin Prasada
India has 13 FTAs and is in talks with the United Kingdom the European Union, Oman and the US for a similar arrangement
BUSINESS
Centre may inject more funds to promote exports amid Trump's tariff threat
In the Budget for 2025-26, the Finance Ministry allocated Rs 2,250 crore towards the Export Promotion Mission with an aim to boost exports related to the MSME sector.
BUSINESS
Fintechs explore charging merchants for UPI in talks with RBI
Merchant payments now account for around 62 percent of all UPI transactions, up from 40 percent in January 2022
BUSINESS
Govt should be cautious about tariff cuts amid Trump’s reciprocal plan, says ICC India President Sanghai
Sanghai said to mitigate the impact of Trump's reciprocal plan India should focus on diversifying export markets by strengthening ties with the European Union, ASEAN, and emerging economies, while simultaneously boosting domestic manufacturing through targeted policy measures.
BUSINESS
Trump’s tantrums: Should India talk tougher in the powwow over auto, farm sectors?
Agriculture is a sensitive sector in India, and the auto sector lacks a level-playing field compared to other countries. Reduction of tariffs here and influx of imports would hit livelihoods.
BUSINESS
Farm, dairy goods should be kept out of India-US trade deal talks, says Swadeshi Jagran Manch
SJM's co-convener Ashwani Mahajan’s comments comes at a time when New Delhi is said to be warming up to the idea of lowering tariffs on certain farm goods to secure a trade deal with US
BUSINESS
India needs more than a trade deal to tackle Trump’s reciprocal tariffs
Given the US decision to impose higher levies on Canada and Mexico despite trade pacts with them, India’s proposed free trade agreement with America may not shield it from US reciprocal tariffs.
BUSINESS
Centre to limit borrowing to fund effective capex from FY27; prods states to reduce revenue expenditure
These efforts come amid plans to bring down the overall debt-to-GDP ratio of the Centre and states by improving the quality of expenditure and by tempering Centre’s borrowings from the market. Meanwhile, several Indian states are increasing their expenditure on subsidies and welfare schemes, potentially at the expense of capital expenditure.
BUSINESS
India's private consumption improves to 6.9% in Q3
For the full financial year, private consumer spending is expected to grow 7.6 percent against 5.6 percent in the previous year
BUSINESS
Amid tariff storm, India, EU aim to seal FTA by year-end
Ursula von der Leyen is leading a 27-member delegation to India to speed up talks for the trade deal, negotiations for which were re-launched in June 2022
BUSINESS
Spotlight on FTA, but India-EU continue to wrangle over carbon tax, tariff cuts
India and the EU are yet to agree on a number of contentious issues before securing the FTA. New Delhi wants concessions on the bloc’s carbon tax measures, while the European Union is said to be demanding lower duties on cars and wines.
MARKETS
Next Sebi head unlikely to be from private sector, Centre keen on govt official: Sources
The government has received several applications for the post of SEBI Chief and is likely to go with a current or a former bureaucrat.
BUSINESS
FinMin sees growth rate of 6% as 'decent' for slower years
Given that a growth rate of 8-9 percent is more episodic than consistent for most economies, India aims for at least above 6 percent growth for most years, a senior official has said
BUSINESS
Business visas part of India-UK FTA talks but not immigration
If India and UK want to expand trade and investment, 'we need to be faster and more liberal in our issuance of visas', commerce minister Piyush Goyal has said
BUSINESS
India, UK resumes FTA negotiations
Commerce Minister Piyush Goyal said that the aim is to double or triple merchandise bilateral trade between India and UK in the next 10 years through the proposed FTA from the current level of $20 billion.
BUSINESS
India may push for more farm, textile exports in trade deal with US
The bilateral trade deal is expected to protect agriculture, textiles, aluminium and steel industries from ‘reciprocal’ tariffs threatened by Donald Trump
BUSINESS
India’s US oil pledge may not inflate import bill if OMCs broker reasonable prices
After a meeting between Prime Minister Narendra Modi and US President Donald Trump on February 13, both nations committed to increasing energy trade and establishing the US as a leading supplier of crude oil and petroleum products and liquefied natural gas to India.
BUSINESS
India mulls over easing tariffs on gems & jewellery, garments via trade pact with US
On February 13, India and US agreed on a new goal for bilateral trade – "Mission 500” – aiming to more than double total bilateral trade to $500 billion by 2030. The two sides also announced plans to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025.
BUSINESS
Govt working on export strategy to limit fallout of protectionism, says MoS Commerce Jitin Prasada
The government is also navigating FTAs (foreign trade agreements) on an equal footing to keeping in mind the best interests of Indian exporters, according to the Union Minister of State of Commerce & Industry
BUSINESS
India-US trade deal to include enough riders to avoid breaches: Sources
US President Donald Trump's administration imposed tariffs on Mexico and Canada, and on steel and aluminium seemingly in violation of the trade agreements between these nations.
BUSINESS
Trump tariffs: Government plans meeting with stakeholders to identify export gain areas
The government wants to identify the areas which can gain from Trump’s tariff move against nations such as China, Mexico and Canada
INDIA
India, US agree to cut tariffs via 'mutually-beneficial' trade deal: Source
While, the US's move on retaliatory tariffs is expected to hurt most of the major economies that run high deficits with America, the official said, the impact on India should be limited given that America is expected to be more focussed on nations it runs larger trade gaps with.
ECONOMY
India's January merchandise trade deficit widens to $23 billion
On a year-on-year basis, the trade deficit in goods was again wider in January versus the revised figure of $16.56 billion in the same month of the last fiscal year
BUSINESS
Analysis | Dissimilar exports, quick FTAs may shield India from Trump’s reciprocal tariffs
New Delhi may have a few tricks up its sleeves to limit the impact of reciprocal tariffs by Washington D.C. Both nations have starkly different export profiles, which may make tariff reciprocity tougher to implement, according to experts.
