Page 3 - India Imports

India's exports flat at $35.14 bn in June; trade gap at $18.78 bn

For the April-June quarter of the financial year 2025-26, exports rose 1.92 per cent to $112.17 billion, while imports increased 4.24 per cent to $179.44 billion

Govt to launch ₹1,345 crore scheme for rare earth magnet production

The Secretary of the Ministry of Heavy Industry said that eligible manufacturers must carry out end-to-end processing-from rare earth oxides to finished magnets

Trade conundrum with China: Cautious steps need of the hour, say experts

Over the last few years, India's exports to China have been contracting but imports have been on the rise

India curbs jute imports from Bangladesh to protect domestic industry

India has restricted jute and fibre imports from Bangladesh to only Nhava Sheva port, citing unfair trade practices, subsidies, and the need to protect domestic industry and rural jobs

After magnets, China halts speciality fertiliser shipments to India

China has reportedly stopped inspecting fertiliser shipments to India, effectively halting exports without an official ban as India relies heavily on Chinese supply

Inventories of rare earth magnets may run dry by mid-July, says Icra

ICRA warns that rare-earth magnet inventories for EV motors may run dry by mid-July as China tightens export rules, leaving Indian auto makers facing serious supply disruption

India, China in talks on rare earths to ensure supply predictability: MEA

"We are in touch with the Chinese side to bring predictability in supply chain for trade, consistent with international practices," said foreign ministry spokesperson Randhir Jaiswal

China's rare earth ban to have short term hit; seeking alternatives: Goyal

Union Minister Piyush Goyal said that the Indian embassy is in dialogue with China and the commerce ministry is also working on the issue

India hunts for rare earth magnet alternatives as China tightens grip

China holds around 50% of the world's rare earth reserves, 70% of extraction capacity, and over 90% of processing capability

India eyes rare earth magnet incentives amid mounting supply concerns

To reduce its dependence on China for rare earth magnets, India is offering financial incentives to companies and drafting a plan to partly subsidise the price gap with Chinese imports

Datanomics: Imports of readymade garments from B'desh to suffer amid curbs

As on 31st March 2024, India had 12 operational land ports, out of which 6 were with Bangladesh. Two out of these six - Dawki and Sabroom became operational in 2023 and 2024 respectively

Andean aspirations: Why is India cosying up to Chile for a trade deal?

While both sides have shared trade interests such as agricultural products and services, the elephant in the room is Chiles expansive reserves of critical minerals, key among them being lithium

India to defend import curbs on copper in legal battle with trade groups

India, the world's second-largest importer of refined copper, relies on imports to address shortfalls and meet robust demand in sectors such as energy, defence, automotives and infrastructure

UK dismisses idea that British workers being 'sold out' in India trade deal

British opposition parties accused the government of signing up to a deal that would unfairly benefit India

Pahalgam attack: Pakistan shuts ports for Indian ships in tit-for-tat move

In a directive issued by Pakistan's Ministry of Maritime Affairs, Indian flag carriers would no longer be permitted at any Pakistani port

Every Indian now consumes 24 kg edible oil a year, triple the 2001 level

ICMR recommends a 12 kg limit, but rising consumption is fuelling obesity, lifestyle diseases, and growing dependence on edible oil imports

62% Indians chose 'Made in China' products in last 12 month: Survey

Meanwhile, 20 per cent of Indian smartphone users said they have one or more Chinese apps installed

Reduce import dependency, focus on green construction, modular infra: Goyal

Commerce and Industry Minister Piyush Goyal on Sunday asked the construction industry players to reduce import dependency, focus on clean and green construction, and work towards earthquake-resistant and modular infrastructure. Speaking during the inauguration of the first edition of Chemicals & Allied Products Export Promotion Council's (CAPEXIL) Vibrant Buildcon 2025, in New Delhi, he said sectors, including housing, infrastructure, commercial real estate, railways, airports, highways, and energy play a key role in boosting the country's economic growth. "Every element, from cement and electricals to security systems and automation, plays a part in this ecosystem," he said. The government initiatives, including 20 new smart industrial cities, improved tourism infrastructure across 50 destinations, and 100 new industrial plug-and-play hubs would help India move from a USD 4-trillion economy today to a USD 30-35 trillion economy by 2047, Goyal added.

Commerce ministry alerts customs to monitor imports, exports vigilantly

The commerce ministry has alerted the customs authorities to maintain strict vigilance on imports and exports amid concerns about possible dumping of goods and re-routing of consignments from India to third countries following imposition of high tariffs by the US on China, an official said. As sweeping tariffs have been imposed on China, its goods have become expensive in the US market, and this could lead to diversion of goods into countries like India. The US has imposed a 125 per cent duty on China. The official said that customs have been alerted about monitoring our exports and imports to see if there is any extraordinary surge. India should not be used as a re-routing destination". The concerned line ministries and industry associations have also been asked to provide inputs on the surge in imports and its impact on the domestic industry.

India likely to dial down plans to curb personal computer imports

Import licensing requirements were to be implemented in 2023. The govt has so far deferred the timeline on four occasions and has now set Dec 2025 as deadline