India Imports

Addressing concerns over supply chain vulnerabilities, the government has successfully reduced its reliance on the volatile Strait of Hormuz by diversifying its import routes

A major proportion of India's crude oil imports flows through the Strait of Hormuz, which remains an important trade point in the Gulf

Iran-Israel conflict: Rising tensions in West Asia put India's oil supplies, trade routes and millions of workers in Gulf nations at risk, raising concerns over remittance flows and safety

The Central Board of Indirect Taxes and Customs on Sunday said the Eligible Manufacturer Importers scheme will be implemented from April 1, and such importers can clear imported goods without paying customs duty at the time of clearance. The deferred payment facility will be available to Eligible Manufacturer Importers (EMIs) meeting prescribed criteria related to Customs and GST compliance, turnover, financial standing and past track record, a finance ministry statement said. "This reform is expected to significantly improve ease of doing business, strengthen the compliance culture, promote wider participation in the AEO programme and provide a boost to domestic manufacturing," the ministry said. Existing AEO-T1 entities, including MSMEs, that fulfil the eligibility conditions are also eligible to participate in the scheme. "The facility will be available from 1st April, 2026, and will remain in force till 31st March, 2028," it added. Under this initiative, EMIs would be able to

Trade deficit widest in three months

Under the plan, the Railway board is expected to offer partial funding, technical help, and access to testing centres

India, GCC begin FTA talks as import dependence deepens, export mix shifts toward electronics and away from energy over the past decade

Despite tariff cuts, india's plan to import $500 billion of us goods in five years far outpaces historical trade flows

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

In the first ​nine months of the fiscal year that ends in March, India's fertiliser imports surged 71 per cent from a year earlier to $13.98 billion

India could face a sharp rise in US tariffs after Donald Trump announced a 25 per cent duty on countries trading with Iran, adding pressure on exporters already hit by higher levies

In order to avoid tracking, many of these ships turn off their automatic identification system, disappearing from standard maritime monitoring

Donald Trump has 'approved' a bipartisan sanctions bill that proposes duties of up to 500 per cent on countries buying Russian oil, raising pressure on India, China and Brazil

Indian buyers favour cheaper oil-linked LNG over US gas as henry hub prices and freight costs rise, cooling appetite for long-term US LNG deals amid ongoing trade talks

DGFT's floor prices on select bulk drugs aim to curb Chinese dumping, support PLI-backed manufacturers and lift domestic offtake, though capped medicine prices may limit cost pass-through

Exports during April-November were up 2.62 per cent to $292.07 billion, while imports during the eight months rose by 5.59 per cent to $515.21 billion

Imports of soyoil dropped more than 18% to 370,661 tons and sunflower oil imports fell 45% to a two-year low of 142,953 tons, the industry body said

India's fertilizer imports are estimated to jump 41 per cent to 22.3 million tonnes in the 2025-26 fiscal year due to a surge in domestic demand following good monsoon rains, the Fertilizer Association of India (FAI) said on Tuesday. The world's second-largest fertilizer consumer has imported 14.45 million tonnes during April-October, up nearly 69 per cent from 8.56 million tonnes a year earlier, the industry body said. "There has been an increase in imports of fertilizers because of a sudden spurt in domestic demand because of good rains," FAI Chairman S Shankarsubramanian told reporters ahead of the association's three-day annual seminar. Fertilizer stocks stood at 10.2 million tonnes by end-November versus 9.97 million tonnes a year earlier, including 5 million tonnes of urea, 1.7 million tonnes of DAP and 3.5 million tonnes of NPK fertilizers, he said. Shankarsubramanian, who is also managing director of Coromandel International, said India has contracted large volumes in the l

The government argued that, since it was facing a flood of imports from China, it needed to ensure that these were of sufficient quality to meet Indian standards

India, the world's second-biggest crude steel producer, imported 3.8 million metric tons of finished steel during April-October and was a net importer of the alloy, the data showed