India Imports

The IEA warns China's rare earth export curbs could disrupt $6.5 trillion worth of global manufacturing. How vulnerable is India's fast-growing EV industry?

The Centre and states plan to replace $189 billion of imports by boosting domestic production of 1,272 products through targeted manufacturing and industrial clusters

India's latest push to boost domestic production comes ‌as it grapples with supply-chain risks heightened by geopolitical tensions

India has prohibited imports of goods made using forced labour, issuing its first such notification as the US considers tariffs under a Section 301 investigation

The Indian government on Tuesday issued a notification to ban the import of goods made using forced labour, aligning with global labour standards

The trade deficit widened sharply to $30.43 billion in June from $28.21 billion a month ago

India imported memory chips worth $6.79 billion in FY26, 53.41 per cent more than in FY25

India has imposed an anti-dumping duty for five years on a chemical, used in the rubber and tyre industries, imported from China, the European Union and the US. According to a notification of the finance ministry, the duty was imposed following a recommendation for the same by the commerce ministry's arm, the Directorate General of Trade Remedies (DGTR). The duty ranges between USD 75 per tonne and USD 1748 per tonne. "The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier)," the notification, dated June 19, said. The DGTR has recommended the duty on the imports of 'Sulphenamides Accelerators' from the three regions, as it has been exported at a price below the normal value in Indian markets, which has resulted in dumping and material injury to the domestic industry here. India has also extended the levy of anti-dumping duty on 'Aluminium Foil imported from China, Malaysia, Thailand and ...

The government is likely to take a call on extending import duty exemption on about 40 products beyond June 30, after analysing the evolving situation in West Asia and associated revenue implications, an official said on Thursday. To safeguard the domestic industry from supply chain disruptions, the government in a "temporary and targeted relief" had exempted import of critical petrochemical products from customs duty effective April 2. Customs duty was cut to 'nil' across 40 different products, including Anhydrous Ammonia, Toluene, Styrene, Vinyl chloride monomer, and others. The duty exemption, which is valid till June 30, was intended to benefit sectors dependent on petrochemical feedstock and intermediates such as plastics, packaging, textiles, pharmaceuticals, chemicals, automotive components, other manufacturing segments. Officials said associated revenue consideration will have to be considered while deciding on whether the import duty exemption would be extended. "A decisi

India's trade balance turned favourable with several Asian and African economies in April-May, even as surpluses with traditional partners such as the US narrowed

The West Asia crisis affected India through higher oil prices, pressure on the rupee, weaker trade, rising aviation costs and inflation. Here's how the economy absorbed the shock

The USTR move comes as India and the US work through an interim trade pact, raising compliance questions for exporters in textiles, apparel and other supply chains

The chief negotiators of the US and India will begin four-day talks here on Monday on finalising the details of the interim trade pact, whose framework was agreed upon in February. The US team will be led by its chief negotiator Brendan Lynch. India's chief negotiator is Darpan Jain, who is an additional secretary in the Department of Commerce. The two sides are "proposed to finalise the details of the interim agreement and take forward the negotiations under the broader BTA on multiple areas such as market access, non-tariff measures, customs and trade facilitation, investment promotion, and economic security alignment," the commerce ministry has said. On February 7, India and the US issued a joint statement finalising the contours or framework of the first phase of the bilateral trade agreement (BTA) or an interim trade agreement. Now, both sides will have to finalise the legal text for that deal. The framework reaffirmed the countries' commitment to the broader India-US BTA ...

Commerce Minister Piyush Goyal urged Indian industry to use upcoming FTAs to boost exports and avoid a surge in imports

Commerce and Industry Minister Piyush Goyal on Monday asked the industry to identify goods that can be manufactured in India to help reduce import dependence of those products. He also suggested increasing exports and buy goods manufactured in India, rather than importing them. Addressing domestic traders, he said, "You should keep an eye on what goods are being imported, you will see opportunities in that too, what things can be manufactured in India." Goyal urged stakeholders to study import trends through the commerce ministry's trade portal and identify opportunities for domestic manufacturing and import substitution. The minister said despite global economic uncertainties, triggered by Russia-Ukraine and West Asia crisis, India's exports rose about 5 per cent to USD 863.11 billion in 2025-26. "This year's target is USD 1 trillion. This is a big target. We have to work together for this," Goyal said, adding that the industry should focus on quality, improving competitiveness a

The Export-Import Bank of India is aiming for a 10 per cent jump in its loan book in the financial year 2026-27, despite the West Asia conflict, a top official has said. The city-headquartered lender, which supports Indian exporters, is aiming for 10 per cent credit growth in the new fiscal, its managing director and chief executive Harsha Bangari said. The FY27 loan growth number is lower than the 12 per cent growth it achieved in FY26, but currency fluctuation had a significant role in lifting the number. "Fifty-eight per cent of our loan book is foreign currency-denominated, while the rest is in rupees. The currency fluctuations had a positive impact of up to 5 per cent on the FY26 loan growth number," Bangari told PTI. The 10 per cent growth in the loan book in FY27 is aimed at on a constant-currency basis, she clarified. The bank sees continued demand for financing from exporters, she said, adding that going forward, she expects the share of rupee loans to rise further. A bu

Merchandise imports also grew 10 per cent to $71.94 billion in the first month of the financial year

As India raises gold import duty to curb rising imports, experts warn higher taxes alone may not cut demand and could revive smuggling, hurting formal jewellers and limiting CAD gains

India is the world's second-largest gold consumer, and more than 90 per cent of its demand is met through imports

Authorised by the RBI, the order permits 15 banks, including the State Bank of India, HDFC Bank, and Bank of India, to import both gold and silver from April 1, 2026, to March 31, 2029