BUSINESS
Indian exporters urge govt to seek relief in EU FTA talks over steel tariff hike
The EU’s decision to hike tariffs and tighten the quota comes at a time when India is already seeking relaxations in the carbon tax proposed to be imposed by the bloc on imports of steel, aluminium, cement and fertilisers from January, 2026.
BUSINESS
Latest round of India-EU FTA talks see limited progress, 'better clarity' on industrial, farm goods
The thirteenth round of EU-India free trade agreement (FTA) negotiations took place in New Delhi during September 8-12, with two additional days of technical sessions on Rules of Origin held on September 13-14.
BUSINESS
Explainer: India-Oman’s $10 billion trade poised for diversification after FTA
Faced with steeper US tariffs, the India-Oman FTA and additional deals with GCC nations could play a key role in diversifying Indian exports by reducing dependence on traditional buyers.
BUSINESS
India nears FTA with Oman, open to trade deals with more GCC nations, says Piyush Goyal
Oman is India’s third-largest export destination within the GCC. India already has a trade deal with another GCC member - the United Arab Emirates (UAE).
BUSINESS
India-EU free-trade agreement may take at least a year to kick in after signing
Even as India and the EU aim to close talks for the trade deal by the end of the year, the bloc’s multi-stage ratification process means it would be some time before the agreement comes into effect
BUSINESS
Interview: Closer India-China ties viable, but ‘plus-one’ strategy must stay, says Kaushik Basu
The former chief economic adviser to the Indian government also advocated a 'progressive tax on the rich that ought to be transferred to help the poor'
BUSINESS
India’s exports to US slowed in August as Trump’s tariffs weigh
Economists point out that since the additional penalty of 25 percent was imposed by the US from August 27, the impact of tariffs will be more pronounced in the trade figures for September.
BUSINESS
India, US push for early conclusion of trade agreement
The two sides acknowledged the enduring importance of bilateral trade between India and the US.
BUSINESS
Export Promotion Mission likely to run till 2031 with higher allocation
Inter-ministerial consultations on the scheme have been concluded, and the proposal will be sent to the Cabinet for an approval soon.
BUSINESS
Govt targeting import substitution for 100 products to improve self-reliance
The Commerce Ministry has plans to consult stakeholders to boost domestic production of engineering goods, pharmaceuticals, chemicals, and plastics, Commerce Secretary Sunil Barthwal.
BUSINESS
India pushes for tariff cuts on textiles, leather, and gems in EU trade talks
The EU, on the other hand, is seeking concessions for flagship exports such as wine and automobiles through the free trade agreement with India.
BUSINESS
US chief negotiator in India on September 16 to discuss 'trade issues', says commerce ministry official
Additional Commerce Secretary Rajesh Agarwal confirmed the development, adding that only trade-related issues will be discussed, with no talks on other aspects of the bilateral relationship.
BUSINESS
India’s merchandise trade deficit narrows to $26.49 billion in August
Major drivers of merchandise exports in August 2025 include electronics, which registered a growth of 25.93 percent on-year, engineering goods that rose 4.91 percent, and gems & jewellery shipments that jumped 15.57 percent.
BUSINESS
India, EU FTA talks gain unprecedented momentum
India and the European Union are maximising efforts to finalise the proposed trade deal by 2025-end, said Maroš Šefčovič, EU's Commissioner for Trade and Economic Security.
BUSINESS
GST cut, festive demand may cushion $10 billion tariff blow for jewellers
Facing steep 50% US tariffs, India’s gems and jewellery exporters turn to strong festive demand and tax relief at home to soften the blow. However, support from the government remains key to tide over short-term challenges
BUSINESS
India-EU FTA: 'Balance over speed' guides talks as New Delhi maintains dairy, agri red lines
The 13th round of talks for the proposed FTA between India and the EU has entered its fourth day, and is expected to continue until September 13. The bloc’s Trade Commissioner Maroš Šefčovič will join negotiations from September 12.
BUSINESS
Finance ministry to meet hospitality, insurance, textile stakeholders this week on passing GST benefits to consumers
The meetings come in the wake of mixed reviews from certain sectors around the relief offered through GST reforms given the removal of input tax credit under the new rates.
BUSINESS
Bigger textile exporters look to Sri Lanka, Bangladesh to dodge Trump’s tariffs, risking US penalties
With 50% US tariffs is hurting Indian textile exporters, a handful of players with deep pockets are looking towards Sri Lanka and Bangladesh as a hub, to stay competitive. This may also trigger fears of transshipment penalties by US, aside of the loss of domestic value addition within India.
BUSINESS
Fin Min’s rules on transition of goods stocked under higher GST slabs coming soon, says Piyush Goyal
Commerce Minister also said that the decision to reduce rates under the GST regime had nothing to do with any other nation or upcoming state elections.
BUSINESS
Exporters seek broader rupee trade with Russia amid Trump's tariffs
A more attractive mechanism for rupee trade is key to enhancing exports to Russia, as sanctions limit transactions in the US dollar
BUSINESS
Indian exports to US hit half of FY25 mark in first 5 months of FY26, says Goyal
Indian exporters have rushed their US-bound shipments ahead of the August 27 tariff deadline when tariffs doubled. Exports to America have risen around 22 percent on-year till July in the current fiscal, which is higher than the trend growth rate of 17-18 percent.
INDIA
Goyal calls US–India ties ‘most consequential’, says tariff tensions will pass
India and the US 'will continue to be friends and engage, describing the partnership as multidimensional', said Goyal
BUSINESS
Piyush Goyal urges industry to pass on 'entire benefit' of GST cut to consumers
Goyal said that India can weather any challenges as it has done in the past. He also cited the country's contribution during the pandemic when medicines and vaccines were supplied to over 100 nations either free of cost or at nominal prices without making profits.
BUSINESS
India and China’s similar export profiles mean slim trade benefits from a diplomatic reset
While easing geopolitical tensions between India and China offer strategic benefits, closer ties are unlikely to ease India’s export challenges due to similar export patterns, and Beijing's dominant presence in key labour-intensive sectors.
