Gems and jewellery exporters, whose outbound shipments are valued at nearly $10 billion, have also decided to pause consignments for at least a week as they assess the evolving trade situation and await clearer policy direction.
India’s interim trade deal with the US followed the FTA with New Zealand. Barriers on apple imports have been lowered in the deals leading to apprehension here that growers are going to be squeezed
High-value shipments can now move via courier mode; returns and reverse logistics rules eased. Direct-to-consumer brands, apparel, lifestyle products, electronics, engineering goods and jewellery likely gainers
The move formally brings data, platforms and cross-border digital commerce under the scope of bilateral trade negotiations, even as the interim pact focuses on tariffs, market access and non-tariff barriers.
One of the areas with significant potential under the evolving India–EU framework is defence manufacturing, particularly through joint ventures focused on co-development and co-production, Srivastava tells Moneycontrol
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.
Iran is a marginal partner overall, but its dominance in fruits, nuts and niche exports leaves India exposed at the product level
Rice shipments alone accounted for $757.3 million, or over 61 percent of India’s total exports to Iran, making it the most exposed category by value
The issue is expected to take the centre stage when India and the Russia-led Eurasian Economic Union hold the next round of trade talks, likely in the second half of February
India dominates large swathes of America’s import basket, leaving little room to avoid higher prices.
US Ambassador-designate Sergio Gor arrived in India to rebuild strained ties, focusing on trade and tariff issues. His visit comes amid stalled India-US trade talks and heightened economic tensions.
A central fault line in the coming years will be whether MFN and consensus survive in their current form. There is credible reason to believe that a significant group of WTO members—including most major trading powers—may settle for their dilution
A source added that these efforts come amid a push to boost exports to Russia to balance the trade, with a focus on spurring Indian shipments of automobiles, auto components, and pharmaceuticals.
US tariffs, EU's CBAM, and global headwinds challenge India's merchandise exports, while alternative markets and services exports offer potential support.
The proposal seeks to open up export quality and compliance certification to private players to reduce clearance timelines at ports from about 10 days to three
A Rajiv Gauba-led committee has recommended easier domestic market access for SEZs, with suggestions to reduce duty distortions to enable smoother sourcing and sales
India–EU FTA represents the scaffolding for India’s next industrial leap. It offers the regulatory foundation, external confidence, and investment pipeline needed for Indian industry to move up the value chain and integrate more deeply with the world’s most advanced markets
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.
Goyal acknowledged that some pending issues still need to be ironed out to conclude India-EU FTA talks
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
The visit comes amid a fall in India’s Russian crude oil purchases and ongoing efforts to settle trade in local currencies, alongside talks on energy cooperation and boosting bilateral commerce.
Electronics, speciality chemicals and machinery components offset part of the decline even as labour-intensive sectors struggle
The engagement could take the form of a roadshow or an exhibition featuring select exporters on December 4, and the next day will include meetings between 75 Indian business leaders and a similar number of Russian executives, sources say.
Rupee weakness isn’t a concern for exporters, but October’s wider trade gap was driven by a spike in precious metals imports, said Commerce Secretary Rajesh Agrawal.