Page 22 - India Trade

India needs to adopt aggressive approach to attract businesses: USISPF

Mukesh Aghi said there have been some efforts but those are more of a transactional effort rather than a uniform or a cohesive approach on this

Economists see limited impact of oil prices on India's GDP growth in Q4

Projections by economists range widely, from 2.7% to 5.5%, but most, however, agree that the economy was on a steady footing in Q4FY22

India committed to strengthen multilateral trade system: Goyal to WTO chief

Commerce and Industry Minister Piyush Goyal met World Trade Organisation Director-General Ngozi Okonjo-Iweala and reiterated India's support for strengthening the multilateral trading system

India, Mauritius pact may include safeguard mechanism related provisions

India-Mauritius trade agreement may include safeguard mechanism related provisions to protect the domestic industry from a sudden or unusual surge in imports of goods

India's offset requirements hurdle in defence trade: Ex-Pentagon official

India offers huge opportunities for the US in bilateral defence trade but its offset requirements pose an enormous challenge in doing business with the country, a former top Pentagon official has told top American lawmakers. Ellen Lord, who previously served as the Under Secretary of Defence for Acquisition and Sustainment (A&S), told members of the House Armed Services Committee on Wednesday that the US is in talks with India on several multi-billion key defence sales, including the Guardian drones. "India has enormous opportunities but also enormous challenges. We have never been able to get the overarching security agreements with India that we would hope. "We have challenges with things like the S-400 (Russian anti-aircraft missile system being bought by India) being on contract and so forth. Additionally, the challenge of doing business, I can tell you in India is enormous because of offset requirements there to be able to provide a local business," Lord said. Under India's ..

Historic India-UAE trade pact effective from May 1, says Emirati minister

The historic Comprehensive Economic Partnership Agreement between India and the UAE will come into effect on May 1, an Emirati minister said on Thursday.

Next round of talks on EU trade agreement in June, says Piyush Goyal

India and the EU agreed to resume negotiations for a balanced and comprehensive free trade and investment agreements in May last year

Local currency trading with Sri Lanka not feasible, says govt official

This is because there's no demand for Indian goods at present, except for essential items that India is supplying under humanitarian grounds

Trade deficit widens to $192 billion in FY22; imports at record high

Value of inbound petroleum shipments nearly doubles; account for 26% of total imports

India is open for biz; to expand global footprint, says Piyush Goyal

PM Modi's government looks at a trade deal very seriously, examining its potential for the next 50 years, says Goyal

Russia-Ukraine conflict opened opportunities for Indian exporters: CAIT

CAIT termed this situation as a "blessing in disguise" for Indian manufacturers and traders to fill the void with Indian goods

Explained: What India's shift in stance on public procurement means

India's public procurement market is estimated to be between 20 and 22 per cent of the GDP, or about $500 billion annually.

In a first, India opens up central govt procurement market to UAE

Experts say this may open a Pandora's box with demand for similar commitment

Relationships India built at Dubai Expo will become business partnerships

The event was an opportunity to reach out to major economies, explore trade opportunities and help widen India's trade basket.

India to study sanctions impact on trade settlement with Russia

By Nidhi Verma and Alasdair Pal

Dialogue on India-US deal for 30 Predator drones at advanced stage: Reports

The discussions on the sale of 30 Predator armed drones by the US to India, the first to a non-NATO ally, at an estimated cost of $3 bn are at an advanced stage, multiple sources have confirmed.

India set to begin shipment of wheat to Afghanistan via Pak from Tuesday

India is likely to send on Tuesday its first shipment of 10,000 tonnes of wheat to the people of Afghanistan through Pakistani land routes after months of negotiations with Islamabad.

Adviser to Pakistan PM Imran Khan backs resumption of trade ties with India

Trade with India was suspended by Islamabad in August 2019 after New Delhi revoked the special status of Jammu and Kashmir

Sun Pharma, DRL have presence in Ukraine; trade worth $2.35 billion

India is Ukraine's fifth largest overall export destination

Exports: Has white-collar success trumped India's blue-collar viability?

If India were trading in only goods, a massive deficit of about $150 bn would have forced down the rupee's value, making Indian manufactured goods cheaper in export markets, writes T N Ninan