Economists say that the outcome of the negotiations for a trade deal between India and the US continues to be crucial, as the absence of an agreement could have negative implications for India’s current account deficit in the next fiscal year
India is ramping up its trade efforts heading into 2026, with a free trade deal with the EU on the horizon and negotiations advancing with the US, Oman, Peru, Chile, New Zealand, Israel and more. These moves aim to diversify export markets, reduce reliance on any single economy, and secure critical minerals amid global supply constraints.
Italy’s Deputy Prime Minister and Foreign Minister Antonio Tajani said he hopes the FTA could be concluded in the first six months of 2026, though he clarified that he is not directly responsible for trade negotiations.
The government has tightened checks on 'mis-declared' gold and platinum imports. The basic customs duty on the yellow metal has been cut from 15% to 6% in July 2024
Carbon tax and market access for automobiles and steel, rules of origin, and barriers in services are the remaining sticking points, officials have said
Nageswaran said he is not 'losing sleep' over the weakening of the domestic currency as long as it is not hurting exports
More labour-intensive sectors may be added as India looks to expand the scope of its manufacturing policy beyond the existing clusters.
This follows similar steps taken in September, when the government restricted imports of certain silver jewellery until March 31, 2026
When international gold prices see a sharp uptick, many buyers perceive it as an opportune moment to accumulate gold, anticipating that the prices may continue to rise further.
Merchandise exports for October 2025 stood at $34.38 billion, while the imports came in at $76.06 billion during the same period
Currently, the preferential trade agreement (PTA) with the Mercosur trade bloc covers about 450 tariff lines. Talks are on to expand the PTA further to cover more items across agriculture, industrial goods, pharmaceuticals, and textiles, government officials told Moneycontrol.
'Import increase in September 2025 has been higher than exports. Gold, silver, fertiliser and electronics have led to the import surge,' Commerce Secretary Rajesh Agarwal said.
While India has achieved surplus production in rice and wheat, the Union agriculture minister said, the next frontier is achieving self-reliance in pulses and oilseeds. "PM Modi will be launching India's Dalhan Atmanirbharta Mission (Chana–Masoor) day after tomorrow to strengthen pulse production," he said.
In April this year, government initiated an anti-dumping investigation into imports of the raw material from Australia, China, Colombia, Indonesia, Japan, and Russia, post allegations that these countries were selling at unfairly low prices.
That’s among the takeaways from a survey of 336 small to mid-size companies by Freightos, a Barcelona-based cargo booking platform
Cuts in photovoltaic cells, auto parts, and industrial inputs signal focus on domestic value-add, not cheaper foreign goods
On a year-on-year basis too, the merchandise deficit recorded last month was larger compared to $23.5 billion in July 2024
Prime Minister Narendra Modi said the development is yet another milestone towards self-reliance.
Merchandise exports fell marginally on-year to $35.14 billion in June, while imports dropped to $53.92 billion
The shortfall in goods trade grew 11.1% to $96.6 billion, Commerce Department data showed Thursday.
India’s bilateral trade with the “other West Asia” countries that comprises Iran, Iraq Israel, Jordan, Lebanon, Syria and Yemen stood at $41.8 billion in FY25.
On a year-on-year basis, the trade gap in goods in the previous month shrunk versus $22.09 billion in May 2024.
At 2.5 GW, Bangladesh is the biggest electricity export market for India as of now. Not just that, the neighbouring country uses India’s power grid to import electricity from Nepal.
On a year-on-year basis, the trade gap in goods in the previous month was wider as well compared to $19.2 billion in April 2024
Total merchandise trade between the two countries jumped 127.21 percent to $1,206.76 million in 2024 from the previous year