The Economic Survey calls a Swadeshi push inevitable amid export controls and tech denials, but warns against high tariffs and indiscriminate import substitution that hurt competitiveness
For India, this could mean tougher competition for investment, slower growth in global trade volumes, and greater sensitivity of external flows to policy and geopolitical developments
India and the EU will set up rapid response and escalation mechanisms under the FTA to address regulatory measures like CBAM that could disrupt bilateral trade
Commerce Minister Piyush Goyal said India and the European Union are close to a fruitful conclusion of free trade agreement talks, with the outcome expected to be announced
The EU's revised GSP rules will affect just 2.66% of India's exports to the bloc, with most major industrial sectors already graduated due to higher competitiveness
India and the European Union are in the final and most difficult phase of free trade agreement talks, with both sides aiming to announce the conclusion at the India-EU Summit in New Delhi on January 2
US Senator Steve Daines urged faster India-US trade talks, pressing for greater market access for American pulses, a long-standing and sensitive issue for New Delhi
Piyush Goyal meets new US Ambassador Sergio Gor as India and the US resume talks and move closer to finalising a long-pending bilateral trade agreement
The government is urging corporates to work more closely with startups to support entrepreneurship, cut manufacturing costs and strengthen domestic supply chains, DPIIT secretary said
India and the US have resumed virtual talks on a bilateral trade deal after the holiday break, with both sides signalling commitment but no timeline yet for in-person negotiations