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"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
To be sure, the benefits from tariff reductions or eliminations will materialise once the FTA is implemented, which may take at least a year after the deal is signed.
The FTA between the two nations is expected to lower or eliminate tariffs for India’s labour-intensive sectors, while EU may gain greater market access for its high-end cars and wines.
The domestic currency has weakened by 202 paise, or over 2 percent, so far this month. In 2025, it had declined 5 percent amid sustained foreign fund outflows and a strong US dollar
He said concessions can be granted cautiously for EU cars and wines through safeguards such as tariff rate quotas.
As a long-pending free trade agreement heads for signature, years of negotiations show where New Delhi and Brussels held their ground — and what each side hopes to gain.
Higher tariffs kick in this month, affecting most industrial and apparel exports until the India–EU FTA is implemented
EU's steel safeguard measures and carbon tax have emerged as major sticking points, which, if left unresolved, could limit India's benefits from the FTA despite tariff reductions.
Bilateral trade between India and Myanmar reached $2.15 billion during 2024–25.
The FTA is expected to be signed on January 27, with EU Commission president Ursula von der Leyen and European Council president António Costa expected in Delhi as the chief guests at the Republic Day parade
While total trade reached $100 billion, the data shows that Indian exports have lagged behind imports, particularly in the previous fiscal year when growth in outbound shipments slowed to 2.8 percent but imports grew 32 percent, largely due to energy shipments.
Under the deal, the EU stands to gain easier access for its wines, spirits, and automobiles in the Indian market, while India is expected to expand its exports of labour-intensive goods such as textiles, leather, and marine products.
For FY26, the government has allocated Rs 18,232 crore under the RoDTEP scheme to support exporters
While textile manufacturers are pushing for the removal of the import duty on cotton to improve competitiveness of exports, farm organisations are opposed to such a move, pointing to a sharp decline in prices
In December, shipments to the US fell 1.8% from year-ago period but exports to key markets surged, with China up 67%, Malaysia 65%, Hong Kong 61% and Spain 48%
