Exporters urge government to roll-back the recent restrictions on RoDTEP, as it will affect their margins
Close to one-third of total RoDTEP outgo flowed to agriculture and allied sectors in FY23, prompting the government to shield them from incentive cuts
The sector, currently valued around USD 60 billion, is projected to reach USD 130 billion by 2030.
India’s exports to its FTA partners amounted to $38 billion during the second quarter of the current fiscal, while imports rose 5 percent year-on-year to $69.8 billion, resulting in a sizeable trade gap.
Chips account for over a quarter of global electronics demand but India’s share in this segment is just 0.02 percent, the think-tank's Trade Watch Quarterly has said
To be sure, the arrangement could still give Bangladesh a limited edge given that the overall gap in reciprocal tariffs with India is just one percentage point.
Bangladesh imports about 85 lakh bales of cotton a year to supply its nearly 500 spinning mills, sourcing most of it from Brazil, India and African countries
From cotton and yarn to garments, India’s competitiveness in the American market faces a renewed stress test
The US–Bangladesh Agreement on Reciprocal Trade, signed on February 9, cuts the reciprocal tariff on Bangladeshi goods to 19% and provides duty‑free access to certain garments made with US‑produced cotton
The RBI raised the full year GDP forecast for FY26 by 10 basis points to 7.4% even as it held the key repo rate steady at 5.25%
Milk and poultry products will be allowed under conditional provisions.
The response from India Inc suggests that the trade deal is being read less as a one-off tariff concession and more as a signal of India’s maturing role in global commerce.
Dr Anish Shah, Group CEO and Managing Director of Mahindra Group, said the agreement would provide a strong boost to growth momentum and business confidence.
The finance minister also said the government did not assess the potential impact of US tariff actions while framing Budget proposals.
"The steps taken towards strengthening services sector and sectoral initiatives in semiconductor, marine, textiles, leather and other labour intensive sectors will also help grow exports in these sectors," Commerce Secretary Rajesh Agrawal said.
Taken together, the measures signal a shift towards reducing export costs, easing compliance burdens and diversifying markets as India seeks to cushion its exporters from the fallout of tariff actions in the US and other major economies.
Inventory correction and memory modules inflation weigh on Q3, but integration and exports to drive the next leg
The goods and services trade gap nearly doubled from the prior month to $56.8 billion, Commerce Department data showed Thursday
Agriculture remains central to achieving Viksit Bharat. Enhancing research and development through coordinated public and private efforts to improve climate resilience, productivity, and farm incomes remain key priorities for the sector
The Survey, however, noted that India’s external sector remains comfortably placed in the short run, supported by robust foreign exchange reserves and manageable external debt.
Profitability gains in core categories and early traction in adjacencies enhance earnings visibility
The deal is set to provide a $75 billion boost to Indian exports with preferential access in the European markets for 99 percent of goods
Commerce Secretary Rajesh Agrawal said the EU, however, has committed that any flexibility it introduces under CBAM for any partner country globally will automatically flow to India.
The duty elimination is expected to improve price competitiveness for Indian exporters in one of their largest overseas markets.
The historic FTA provides assured access for Indian contractual service suppliers across 37 sectors and independent professionals in 17 high-skill areas, while allowing intra-corporate transferees to move with their families for the first time