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.
BUSINESS
India Inc. must shed protectionism to stay competitive, says govt official
The remarks come as media reports indicate that the United States is pushing for India to reduce or eliminate import duties on automobiles as part of an ongoing Bilateral Trade Agreement (BTA).
BUSINESS
Trade deal with US to give India first mover's advantage over Trump tariffs
More countries have shown interest to strike trade deals with India after US's reciprocal tariff move, while the European Union, United Kingdom and New Zealand are keen on fast tracking talks for the proposed FTAs.
BUSINESS
India ready to take steps to check China dumping amid Trump tariffs
The official said India will take both direct and indirect measures to curb any surge in low-cost imports from China that could arise from the new tariff barriers in the US.
BUSINESS
Talks on to mutually lower duties on key items as India looks to cushion Trump tariff impact
While India sees room to cut tariff on certain farm goods such as American almonds and pistachios, in return, it wants lower duties on automobile parts, essential medicines and some other goods
BUSINESS
Government consulting stakeholders, identifying areas of gains following Trump's tariff
India will face a baseline duty of 10% from April 5, while the remaining country-specific additional ad-valorem levy of 27% will be effective April 9, as per the Annex I of the Executive Order, the commerce ministry has said
BUSINESS
Steeper US reciprocal tariffs on Asian peers could aid Indian exports
While, Indian textiles and garments exports to the US could benefit from steeper tariffs on China and Bangladesh, higher US duties on Vietnam and Thailand creates an opportunity for New Delhi to spur outbound shipments in the electronics, telecom, and smartphone sectors.
BUSINESS
India-US trade deal key as Trump says drop barriers for reciprocal tariff exemption
The US administration’s indication that they may grant exemptions to nations who are willing to lower tariffs is significant as India is currently negotiating a trade deal with America through which both nations have agreed to reduce duties to spur trade between them.
BUSINESS
Can trade deal, dissimilar export profiles secure India from Trump’s reciprocal plan?
While dissimilar export profiles and a potential trade deal with US could shield India from the worst of reciprocal tariffs, a lot will depend on the details of Trump’s plan, specifically if the tit-for-tat duties are imposed sector-wise or product-wise.
BUSINESS
US raises concerns over India’s high tariffs and non-tariff barriers in a new report
A report by the US Trade Representative Office termed India’s average Most-Favoured-Nation (MFN) tariffs as one of the highest of any major world economy, with an applied rate of 17 percent.
