After lifting its import ban in 2025, Sri Lanka has seen a sharp rise in vehicle imports, prompting a temporary surcharge to protect forex reserves and ease pressure on the external sector
A similar trend is visible in the revenue deficit, as the revised estimates suggest a revenue deficit of 1.94 per cent of GSDP in FY26, up from 1.47 per cent in FY25
India and New Zealand have signed a free trade agreement to boost trade, investment, and mobility. Though current trade between the two remains limited, the pact is expected to support India's exports
Prime Minister Narendra Modi and South Korean President Lee Jae-myung exchanged several MoUs, with both sides agreeing to deepen cooperation in strategic sectors, including shipbuilding
Govt urges pharma firms to cut import reliance, boost domestic production and diversify exports as data shows rising foreign value addition and heavy dependence on China and the US
Nearly half of the pearls and precious stones coming to India were imported from UAE in FY26 (till Jan). The UAE also supplied around 23% of India's gold imports in the same period