Trade

Modi, Xi Jinping talk peace on the margins of BRICS summit

24 Oct 2024

Prime Minister Narendra Modi and Chinese President Xi Jinping met on the sidelines of the 16th BRICS Summit at Kazan on Wednesday

India’s merchandise trade deficit swells to $137.44 bn in April-September FY25

17 Oct 2024

India added $20.78 billion to its bulging merchandise trade deficit in September 2024, taking the total for the 7-month period (April-September 2024-25) to $137.44 billion.

Asean, India to promote strategic partnership

11 Oct 2024

A meeting of member states of the Association of South East Asian nations (Asean) and India in Vientaine, Laos, on Thursday reaffirmed

India probes alleged dumping of steel, polymers and 4 other products by China

04 Oct 2024

India has initiated anti-dumping investigation on six products, including steel and polymers, imported from China, to save domestic manufacturers from dumping of cheap and substandard products.

India, US to set up strategic chip fabrication centre

24 Sep 2024

The US Space Force will collaborate with India Semiconductor Mission, Bharat Semi and 3rdiTech to set up a manufacturing facility for infrared, gallium nitride and silicon carbide semiconductors.

India’s merchandise trade deficit hits $116.64 bn in April-August 2024

18 Sep 2024

India added $2.01 billion to its merchandise trade deficit in August, taking combined merchandise trade deficit for the first five months of the current financial year (April-August 24-25)

India, Bruni to widen and deepen partnership

05 Sep 2024

India and Brunei have decided to further strengthen bilateral cooperation and deepen partnership in all areas of mutual interest. This was announced in a joint statement by Indian Prime Minister Narendra Modi

Indian MSMEs bear the brunt of cheap imports from China: GTRI study

05 Sep 2024

No amount of import duty can make Chinese goods costly in India, or is it that Chinese goods are not dependent on ports or other entry points to enter the country.

India, Poland to expand cooperation to `Strategic Partnership’

23 Aug 2024

India and Poland have decided to expand economic cooperation, especially in sectors such as technology, agriculture, connectivity, mining, energy, and environment, while making full use of the Joint Commission

India, Australia announce Climate Smart Agritech programme for start-ups and MSMEs

20 Aug 2024

India and Australia have announced the start of a joint programme involving start-ups and micro, small and medium enterprises (MSMEs) from both countries for innovation in climate smart agritech applications.

India’s telecom equipment sales cross Rs50,000 crore with PLI scheme

13 Jul 2024

Domestic manufacturing and sales of telecom equipment in the country achieved a milestone of  Rs50,000 crore with the implementation of the production-linked incentive (PLI) scheme.

India, Austria to upgrade bilateral ties to strategic cooperation

11 Jul 2024

India and Austria have decided to upgrade their bilateral relations to a strategic level making the ties mutually beneficial and sustainable.

India-US agreement on 2% e-commerce levy expires

02 Jul 2024

A transitional framework agreement on levying a two per cent tax on cross-country digital transactions adopted by India and the United States on 24 November 2021, expires on 30 June 2024

India’s seafood exports hit record 1.78 million tonnes, realisation down at $7.38 bn

20 Jun 2024

India exported 1.78 million tonnes of marine products valued at Rs60,524 crore ($7.38 billion) during the 2023-24 financial year, setting a record for the volume of seafood exports.

India’s April-May merchandise trade deficit hits $36.97 bn

17 Jun 2024

India added $3.18 billion to its merchandise trade deficit in May 2024, taking the country’s trade deficit for the first two months of the 2024-25 financial year (April-May 2024) to $36.97 billion.

Ghana to use UPI payment infrastructure, consider local currency trade settlement

07 May 2024

India and Ghana have agreed to work towards operationalisation of India’s Unified Payment Interface (UPI) on the Ghana Interbank Payment and Settlement Systems (GHIPSS)

India, Australia look to deepen economic ties

06 May 2024

An India-Australia Joint Committee Meeting (JCM), held in Canberra as well as meetings with businesses in Sydney and Melbourne have emphasised the need to work closely, especially in collaborative projects, in order to bring new synergy to the strategic partnership of the two countries.

India, Australia look to deepen economic ties

06 May 2024

An India-Australia Joint Committee Meeting (JCM), held in Canberra as well as meetings with businesses in Sydney and Melbourne have emphasised the need to work closely, especially in collaborative projects, in order to bring new synergy to the strategic partnership of the two countries.

India, Nigeria agree on local currency settlement system

06 May 2024

The second session of the India-Nigeria Joint Trade Committee (JTC) held in Abuja, capital of Nigeria, on Friday, agreed to finalise a local currency settlement system for bilateral trade and investment.

India, Nigeria agree on local currency settlement system

06 May 2024

The second session of the India-Nigeria Joint Trade Committee (JTC) held in Abuja, capital of Nigeria, on Friday, agreed to finalise a local currency settlement system for bilateral trade and investment.

Chinese industrial goods accounted for 30% of India’s 2023-24 imports: GTRI report

29 Apr 2024

China's share in India's industrial goods imports jumped to 30 per cent in 2023-24 from 21 per cent over the 15-year period between 2008-09 and 2023-24, as per a report published by Global Trade Research Initiative (GTRI).

India slashes import duty on EVs to smoothen Tesla’s market entry

18 Mar 2024

India has slashed customs duty on import of ready-to-assemble automobiles, or CKD units, to 15 per cent for a period of five years, in a move that would help EV majors like Tesla enter the Indian market.

India’s April-February trade deficit up $18.71 bn at $225.20 bn

18 Mar 2024

India registered a trade deficit of $18.71 billion in February 2024, taking its trade deficit for April-February 2023-24 to $225.20 billion.

India, 4-nation EFTA sign Trade and Economic Partnership Agreement

11 Mar 2024

India on Sunday signed a Trade and Economic Partnership Agreement (TEPA) with the four-nation European Free Trade Association (EFTA) comprising Switzerland, Iceland, Norway and Liechtenstein.

Japan commits $1.548 bn in ODA loan for nine Indian projects

21 Feb 2024

The Japanese government has extended 232.21 billion ($1.548 billion) in long-term loans to India, under its Official Development Assistance programme, for nine projects in various sectors.