Trade

India closes FY25 with a merchandise trade deficit of $282.83 bn

16 Apr 2025

India exported goods valued at $437.42 billion during the financial year 2024-25 (April-March) against exports valued at $437.07 billion during 2023-24.

Apple boosts India base as Trump exempts smartphones, computers and chips from ‘reciprocal’ tariffs

14 Apr 2025

Apple Inc is ramping up smartphone production in India reaching $22 billion worth of iPhones, or roughly 20 per cent of its global production

India banks on bilateral trade deal to avert tariff row with US

12 Apr 2025

India is reported to have finalised the terms of the first phase of a bilateral trade deal with the United States, its largest trading partner

Tit for Tat: China slaps 125% duty on imports from US

12 Apr 2025

China on Friday announced a hike in import duty on US goods and services from 84 per cent to 125 per cent, effective Saturday (12 April 2025), after US President Donald Trump

India, New Zealand announce various initiatives to bolster ties

19 Mar 2025

India and New Zealand on Monday announced a series of initiatives, including negotiations on an arrangement facilitating the mobility of professionals and skilled workers

India adds $14.05 billion to its merchandise trade deficit in Februray to take April-February total to $262.06 billion

18 Mar 2025

India imported goods valued at $36.91 billion in February 2025 against imports valued at $41.41 billion in February 2024

India, New Zealand relaunch free-trade negotiations

17 Mar 2025

Prime Minister Narendra Modi and his New Zealand counterpart Christopher Luxon at their bilateral meeting, in New Delhi on Sunday

India, EU to harmonise electric mobility standards

26 Feb 2025

India and the European Union (EU) are expanding and deepening their research partnership in the area of sustainable mobility, aimed at enhancing security and people-to-people contacts.

India, Qatar to focus on sustainable partnership: Piyush Goyal

18 Feb 2025

India and Qatar have decided to enhance bilateral cooperation that is consistent with sustainability, technology advancement, entrepreneurship and energy security.

India’s merchandise trade deficit shoots up to $243 billion in April-January 2024-25

17 Feb 2025

India added nearly $23 billion to its merchandise trade deficit in January 2025, taking the deficit for the first 10 months of the fiscal (April-January 2024-25) to $242.99 billion.

Trump offers 2 squadrons of F-35s for IAF

16 Feb 2025

US President Donald Trump is reported to have offered to provide up to 2 squadrons of the F-35 stealth fighters to India

India, France team up to develop small modular N-reactors

14 Feb 2025

India and France will jointly design and develop small modular nuclear reactors as part of bilateral cooperation in the renewable energy sector.

Donald Trump to slap 25% tax on all imports of steel and aluminium into US

11 Feb 2025

US President Donald Trump on Sunday said he will approve 25 per cent tariffs on all steel and aluminium imported into the United States

RBI lets 30 countries open vostro accounts with Indian banks for rupee trade

08 Feb 2025

Reserve Bank of India (RBI) has permitted correspondent banks from 30 countries to open Special Rupee Vostro Accounts (SRVAs) with banks in India

India now exports fruits and vegetables to 123 countries

05 Feb 2025

Thanks to the Agricultural and Processed Food Products Export Development Authority’s (APEDA) support schemes, India’s exports of fruits and vegetables

India, China agree to resume Kailash Mansarovar Yatra, direct flights

28 Jan 2025

India and China have agreed to resume direct flights between the two nations and the Kailash Mansarovar Yatra

India’s coffee exports surge on global demand

21 Jan 2025

India’s coffee exports have reached $1.29 billion in the 2023-24 financial year, nearly doubling from $719.42 million in 2020-21.

India’s organic exports could reach Rs20,000 cr in next three years: Piyush Goyal

10 Jan 2025

India has the potential to take its organic product exports to levels around Rs20,000 crore in the next three years, commerce and industry minister Piyush Goel said

India’s current account deficit eases despite ballooning merchandise trade deficit

02 Jan 2025

India’s current account deficit (CAD) showed a modest decline to $11.2 billion (1.2 per cent of GDP) in the second quarter of the current financial year (2024-25)

MSME exports nearly quadruple in 5 years to Rs12.39 lakh crore

26 Dec 2024

Exports from micro, small, and medium enterprises (MSMEs) in India nearly quadrupled to Rs12.39 lakh crore in 2024-25 from Rs3.95 lakh crore in 2020-21

India, France need to expand areas of collaboration: Piyush Goal

29 Nov 2024

India and France should strive to expand collaboration beyond aerospace, defence and energy to areas like agriculture and food processing

Indian business should take part in large numbers in economic events held in Russia to increase trade

By Venkatachari Jagannathan | 15 Nov 2024

Indian businesses should be encouraged to participate in large numbers in major economic events held in Russia to advance the bilateral trade between the two countries.

India adds $27.14 bn to its FY25 trade deficit in October to take it to $164.65 bn

15 Nov 2024

India added $27.14 billion to its merchandise trade deficit in October 2024, taking the combined trade deficit of the country for the April-October period of the 2024-25 fiscal to $164.65 billion.

Swiss govt begins process for ratification of EFTA-India trade agreement

28 Oct 2024

The Swiss government has submitted the free-trade agreement (FTA) signed between India and the European Free Trade Association (EFTA) to the Parliament