Imports also see first drop in 11 months, bringing trade deficit to over 3-yr low
Barthwal said govt is carrying out stakeholder consultations and assessing challenges, opportunities, and the broader impact of the additional tariffs imposed by the US on Indian exports
The announcement coincides with New Zealand Prime Minister Christopher Luxon's visit to India
Goyal met key officials of the Donald Trump-led administration in Washington last week, including Greer, and his counterpart Howard Lutnick to discuss urgent trade issues
Reflecting on the changing global scenario, the minister has assured all export promotion councils that the government is working on an overtime basis
While large steel players that produce carbon steel products may not see any major impact, since exports of such products is limited
Steel fasteners are critical for stability, durability, and safety across various industrial sectors
This could be the Commerce minister's second visit to US in less than a month
Exporters are seeing the worrying trend of holding back orders due to anticipation of the fear of reciprocal tariffs by the US
New Delhi working on ways to reduce average applied tariff
US commerce secy says agri can't be off the table for talks
It's been successful for both countries, not just for Australian exports to India but also for Indian exports to Australia, John Southwell said
Under mutual recognition agreements (MRAs) are bilateral pacts between countries, where they recognise each other's standards as well as the certification process
Analysts say possible measures by US could cost India $7 bn a year
Advantage cotton producers, but other farm items at risk of glut from US supplies, say experts
Goyal and US secretary of commerce Howard Lutnick held their first meeting in Washington on Tuesday
During US visit, commerce minister also expected to meet his US counterpart
The trade deal will be accompanied with pacts on investment protection and geographical indicators
Private sector growth will fuel PM's Viksit Bharat vision: India's G20 Sherpa
Calls some of India's concerns on carbon tax 'illegitimate'