Economy

Indian refiners face challenge as Trump says country won't buy Russian oil

Along with price discounts, India must replace around 1.7 million barrels per day of average Russian crude imports

India's seafood exports to US set to rebound after tariff cut to 18%: SEAI

Fish exports to the US fell 15 per cent by volume to 201,501 tonnes in the April-November period of the current fiscal year

India likely to buy petroleum, defence goods, aircraft from US under deal

Trump announced a trade deal with India that slashes US tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade ​barriers

India-US trade deal explained: What we know and what remains unclear

Even as both PM Modi and Trump hailed the agreement, details on several key issues, including agriculture, India's purchase of Russian oil and the services sector, remain unclear

US tariff cut to 18% to boost Indian rice exports, says exporters' body

The revised tariff structure would place India on a par with competitors like Thailand and Pakistan, which currently face duties of approximately 19 per cent

Indian refiners likely to need wind-down period to halt Russian oil imports

Indian companies have already booked cargoes loading in February and arriving in March, so a wind-down period would be needed to fulfil existing commitments

India-US deal major catalyst for semiconductor ecosystem: President IESA

IESA said India-US trade deal can be a major catalyst for India's electronics, semiconductor, and technology ecosystem

India-US trade deal major boost for 'Made in India' initiative: FM

Sitharaman expressed gratitude to the leadership of Prime Minister Modi and President Trump following annoucement of the trade deal

India, US agree to a trade deal; reciprocal tariff reduced to 18%: Trump

The announcement came after a phone call between Prime Minister Narendra Modi and Trump

India-US trade deal: What tariffs are India's export competitors paying?

India-US trade deal: A closer look at how American tariffs on Indian exports compare with those faced by key rivals such as China, Vietnam, Mexico, Bangladesh across major sectors

India-US deal boosts Make in India, unlocks growth for farmers: Goyal

Goyal also said the trade deal will help India get technology from the US

Indian stocks poised for foreign buying surge after US trade deal

Trade deal's finalisation comes just a day after Budget, which offered fresh support for exporters and sectors including rare earths, reinforcing early signs of improving investor confidence

India-US trade deal: Timeline of negotiations, tariffs and turning points

After the US imposed 50 per cent tariffs, Prime Minister Narendra Modi said India would "never compromise" on the interests of farmers, livestock rearers and fishermen

India-US trade deal a win-win for citizens, industries, says Vaishnaw

In a post on X, Vaishnaw, the Union minister for information and broadcasting, said, 'Trade deal between the US and India will lead to a brighter future for both countries'

US tariff cut to boost India textile exports, double-digit growth seen

With the US agreeing to cut tariffs on Indian goods to 18%, industry expects India's textile and apparel exports to gain a competitive edge and post double-digit monthly growth from FY27

Manufacturing PMI climbs to 55.4 in January on new orders, hiring

Rising outstanding business volumes drove goods producers to hire extra staff, and the pace of job creation rose to the quickest in three months, the survey stated

Lords committee flags risks for UK industries in India free trade agreement

UK parliamentary panel backs the India-UK FTA as historic but warns British firms may face delayed gains, sectoral risks and tougher competition from Indian exports

Govt notifies new baggage rules; duty-free limit hiked to ₹75,000

The new baggage rules, 2026, come into effect from midnight on February 2 and replace a decade-old baggage rule

India-US trade talks: Most sticky issues resolved, says Commerce Secretary

However, the secretary did not put a timeline on the finalisation of the deal, nor did he put a number on the level of convergence achieved by both sides

Customs revenue growth target modest, achievable in FY27: CBIC chief

The FY'27 tax revenue targets are realistic and achievable, the CBIC chief added