India Trade

India-US trade pact talks moving forward smoothly: Commerce Secretary

India and the US are making steady progress on a bilateral trade deal, with high-level talks scheduled in Washington as both nations explore early wins and deeper economic cooperation

Delivery-based trades moderate in April after hitting eight-year high

Market volatility typically influences delivery-based trading volumes, according to experts

Pahalgam attack: Delhi trade associations to observe bandh on Friday

Trade associations of Delhi have called for a "complete shutdown" of markets in the national capital on Friday in protest against the terror attack in Pahalgam, CAIT said on Thursday. "The brutal terrorist attack in Pahalgam, which claimed the lives of innocent citizens, has caused deep sorrow and anger among the trading community. As a mark of tribute to the deceased and in strong solidarity with the government, leading trade associations of Delhi have called for a complete shutdown of markets in Delhi on 25 April," CAIT said. The Confederation of All India Traders (CAIT) said it fully supports this call and appeals to traders across Delhi to voluntarily keep their establishments closed and observe the bandh peacefully. CAIT has also requested the Delhi Police and administrative authorities to maintain law and order during the bandh and ensure a peaceful environment across all marketplaces.

India-UK trade deal: Indian team may visit London to fix pending issues

India and the UK are trying to speed up discussions on the trade agreement amid fast-changing geopolitical landscape and America's protectionist trade policies

India set to become trusted bridge of connectivity via IMEC: Piyush Goyal

Goyal said that the IMEC is a powerful endorsement of the leadership and partnership of India, Middle East and East Europe

JSW Group may invest Rs 50,000 crore in green steel for European market

"If the Indian industry can really buck up and rise to the occasion, we can be the real replacement for China," said Jindal while speaking at the centenary celebrations of Indian Chambers of Commerce

India's trade gap widens in March as Trump roils markets with tariff war

The gap between exports and imports stood at $21.54 billion last month, the trade data showed Tuesday

India should cut 'outlier agri tariffs' to tackle US tariffs: Policy paper

India must strengthen position in US markets even as it seeks new regions to trade with, says Ashok Gulati in co-written paper

Operation over, patient healing: Trump defends reciprocal tariffs

Trump's tariff salvo has also reignited the fears of a global recession, as well as inflation in the US

Govt examines US tariff move, seeks feedback from exporters: Commerce Dept

India is among countries on which Trump has imposed substantial tariffs, ranging from 46 per cent on Vietnam to 17 per cent on the Philippines, which will kick in from April 9

Hopeful of India-US trade talks to mitigate Trump tariff impact: ACMA

Automotive Component Manufacturers Association of India on Thursday said it is hopeful that the ongoing bilateral trade talks between India and the US will help mitigate the impacts of President Donald Trump's tariff orders and lead to a balanced resolution that benefits both economies. Reacting to Trump's announcement of tariffs on Wednesday as part of the 'Liberation Day' initiative, Automotive Component Manufacturers Association of India (ACMA) President and Chairperson and Managing Director (CMD) Subros Ltd Shradha Suri Marwah said autos and auto parts and steel and aluminium articles, already subject to Section 232 tariffs at 25 per cent, announced earlier in Trump's order on March 26, 2025, are not covered in the latest order. "The detailed list of auto components that will be subject to 25 per cent import tariff in the US is, however, awaited," she said. Marwah said ACMA understands the intent of the US administration to boost domestic manufacturing and address trade ...

US tariffs may hit agri, machinery, pharma, electrical sectors: Experts

Goods from sectors, including agriculture, precious stones, chemicals, pharma, medical devices, electricals, and machinery may get impacted if the US will go ahead with imposing reciprocal tariffs on Indian products, according to experts. They said that these sectors could face additional customs duties from the Trump administration because of the high tariff differential or gap, which is the difference between the import duties imposed by the US and India on a product. At the broad sector level, the potential tariff gaps between India and the US vary across the sectors. The gap is 8.6 per cent for chemicals and pharmaceuticals; 5.6 per cent for plastics; 1.4 per cent for textiles and clothing; 13.3 per cent for diamonds, gold, and jewellery; 2.5 per cent for iron, steel, and base metals; 5.3 per cent for machinery and computers; 7.2 per cent for electronics; and 23.1 per cent for automobiles and auto components. "The higher the tariff gap, the worse affected a sector could be," an

Trump reciprocal tariff: Which Indian sectors will be impacted from April 2

From auto to tech: What sectors will be most impacted by Trump reciprocal tariffs that will go into effect on April 2

PwC suggests IDEA framework for India to navigate US tariff uncertainties

Global consultancy firm PwC has suggested IDEA (Invest, Diversify, Express, stay Aware) Framework for Indian businesses to navigate trade uncertainties following the decision by the US administration to impose reciprocal tariff. Since the United States (US) presidential elections in November 2024, global trade dynamics have shifted significantly. The Donald Trump administration has already implemented several tariff measures impacting major economies. The reciprocal tariff, which will impact India, is scheduled to take effect on April 2. According to PwC report, the evolving US trade policies, including tariff realignments and other measures, require Indian businesses to develop a long-term resilience strategy. The IDEA Framework provides a structured approach to navigate trade uncertainties and leverage emerging opportunities, it said. Under the Invest Framework, PwC suggested that businesses should put in money for technology upgradation and AI-driven supply chain solutions. To

India must assess each demand of US through lens of its priorities: GTRI

India must firmly assess each demand of the US through the lens of its own national priorities, development goals, and cultural values amid continuous pressure of America to amend trade policies, think tank GTRI said on Tuesday. Commenting on the US Trade Representative's (USTR) National Trade Estimate (NTE) Report 2025, the Global Trade Research Initiative (GTRI) said that many of the proposed changes in areas like agriculture, digital governance, and public health pose serious risks to India's ability to protect its small farmers, maintain food safety, uphold deeply rooted social norms, and secure its digital future. The USTR's report highlights several trade and regulatory challenges between the US and India, including issues related to tariffs, non-tariff barriers, intellectual property, services, digital trade, and transparency. "Most of the issues are repeat of the earlier reports. Few have been resolved and are no longer relevant," GTRI Founder Ajay Srivastava said. On India

India, US to hold sectoral talks under trade pact in coming weeks: Govt

India and the US have decided to hold sectoral talks under the proposed bilateral trade agreement (BTA) in the coming weeks, the commerce ministry said on Saturday. It was decided after the four-day negotiations of senior officers from India and the US. These negotiations ended on Saturday here. "Sectoral expert-level engagements under the BTA will start virtually in the coming weeks and pave the path for an early negotiating round in person," the ministry said. In order to realise the shared objective of promoting growth that ensures fairness, national security and job creation, both sides have through four days of discussions here broadly come to an understanding on the next steps towards a mutually beneficial, multi-sector BTA, with the goal to finalise its first tranche by fall 2025, it said. During these discussions, the two sides held a productive exchange of views on deepening bilateral cooperation in priority areas, including increasing market access, reducing tariff and ..

India, US officials conclude round of talks on proposed trade pact: Report

India and the visiting US officials have concluded a round of talks on Saturday for the proposed bilateral trade agreement, government sources said. They said the negotiations are progressing well. A team of US officials, headed by Assistant US Trade Representative for South and Central Asia Brendan Lynch, was here for negotiations on the proposed agreement. On Friday, US President Donald Trump described Prime Minister Narendra Modi as a "very smart man" and a "great friend of mine" while emphasising that tariff talks would "work out very well between India and our country". The remarks assume significance since Trump has repeatedly criticised the alleged high tariffs charged by India and other countries on American goods. He has announced plans to impose reciprocal tariffs on its key trading partners, including India, on April 2. "India is one of the highest tariffing nations in the world. It's brutal, it's brutal. They're very smart. He (Modi) is a very smart man and a great fri

Tariff exemption to India will push Indo-US bilateral trade, say exporters

Exempting India from the imposition of reciprocal tariffs by the US would help facilitate seamless bilateral trade between the two countries, say exporters. Any tariffs on Indian products would hurt shipments to Washington, they said. According to reports, US President Donald Trump has said that automobile tariffs will be coming soon even as he indicated that some countries may get an exemption from reciprocal tariffs to be imposed on April 2. Federation of Indian Export Organisations (FIEO) said that India certainly deserves an exemption or waiver from reciprocal tariffs as it is constructively engaged with America at different levels and also for a Bilateral Trade Agreement. "The Mission 500 to take bilateral trade from the current level of about USD 200 billion to USD 500 billion requires a greater push for seamless trade, which the exemption will further facilitate," FIEO Director General Ajay Sahai said. Another exporter said that the exemption to India would remove tariff ..

India's exports to grow despite global uncertainties over tariffs: DGFT

India's exports are bound to grow in the coming years despite uncertainties over global trade and tariff, a senior government official said on Wednesday. Director General of Foreign Trade Santosh Kumar Sarangi said that exporters should tread the path pragmatically and wisely to navigate the current global trade contours. He also said that the current scenario presents a "golden" opportunity for India to do a variety of things which will propel exports and increase manufacturing competitiveness. Despite the "uncertainties relating to trade and tariff, our exports are bound to grow in future years," he said at the Sourcex India 2025 show. It was organised by the Federation of Indian Export Organisations (FIEO). US President Donald Trump has imposed reciprocal tariffs or import duties on countries like China and has pledged to impose these levies on India also on April 2. Certain exporters have raised concerns that imposition of duties by the US on sectors like engineering and pharm

India Inc should not worry about tariffs, focus on competitiveness: Godrej

Amid fears of the possible impact of US tariff measures, industry grouping CII on Tuesday asked companies to focus on competitiveness rather than worrying about the duty revisions. Jamshyd Godrej, the chairman and managing director of locks and refrigerator maker Godrej & Boyce, said that Indian manufacturers will have to focus on scale just like China in its pursuit to become more competitive. US President Donald Trump has announced that the country will charge tariffs at par with the ones levied by India on American imports from April 2. Experts have opined that there is a difference in tariffs of the two countries and there can be some impact on Indian exporters. "...I think tariffs is the wrong thing to focus on. The thing to focus on is competitiveness. And I think everyone should get away from this tariff mindset," Godrej told reporters on the sidelines of CII Manufacturing Summit here. Godrej, who has been a past president of CII and also chairman of the summit, recalled ..