Page 3 - India Trade

India, Russia seek to increase trade to $100 billion as US ties fray

Indian External Affairs Minister Subrahmanyam Jaishankar said Wednesday during a visit to Moscow that the two countries must remove trade bottlenecks and reduce non-tariff barriers

PM Modi's Independence Day speech: Deep tech, nuclear energy, and more

The PM's address focused on several areas, including artificial intelligence and deep tech, energy independence, nuclear power, and national security

India remains fully engaged with US on trade negotiations: Commerce Secy

Barthwal said that Washington is a very important trade partner for New Delhi. A US delegation is scheduled to arrive in New Delhi for the next round of negotiations on August 25

External pragmatism, internal reforms can turn US tariffs into opportunity

Any sectoral costs of a US trade deal must be compared to the costs of not having a deal. External pragmatism coupled with internal reforms can yet turn this impasse into an opportunity

India's trade dilemma: Shield farmers, textiles or risk US cotton tariffs

Losing access to the US consumer may hurt India's farm economy more than slashing its 39 per cent average tariff on imported produce

Nuclear sabre-rattling is Pakistan's stock-in-trade, says MEA spokesperson

The MEA's remark came in response to Munir's comment, who warned that Islamabad would be prepared to use nuclear weapons if faced with an "existential threat" in a future conflict

Brazil, Poland, Africa may offer export opportunities for auto parts makers

Indian manufacturers can significantly expand their exports, particularly in the independent aftermarket segment amid US tariffs, says EY report

Tata Steel eyes ₹7k cr gross merchandise value from 'Aashiyana' in FY26

Tata Steel is aiming to double the gross merchandise value (GMV) to around Rs 7,000 crore of its homebuilding e-commerce platform Aashiyana' in the 2025-26 fiscal, a senior company official said. The steel major is also considering onboarding non-Tata Steel products for the first time to expand offerings in the domain, he said. All of the GMV on Aashiyana' currently comes from Tata Steel products, but we do plan to expand our offerings in the near future, Tata Steel VP (Long Products) Ashish Anupam told PTI. The platform recorded a GMV of Rs 3,550 crore in 2024-25, registering a 60 per cent year-on-year growth, and with the rollout of Aashiyana 3.0' the newly launched version of the platform Tata Steel expects to double the GMV over the next one year, he said. Initially launched as a transactional e-commerce site, Aashiyana' has now evolved into a full-fledged content-to-commerce ecosystem designed specifically for individual home builders (IHBs) a largely unorganised but ...

Trump tariffs raise alarm, but how dependent is India on US imports

India's exposure to US imports is limited, but sectors like aerospace, LNG, and high-end tech remain strategically vulnerable

Trump's 50% tariff on Indian imports is a US sanction in disguise

A sanction masquerading as tariff is just Trump being innovative

US tariff impact: India exploring alternative markets, says MEA official

India is scouting new export destinations in South Asia, Africa, and Latin America after US imposed additional tariffs on goods over Russian crude oil imports

Philippines' Marcos eyes India trade, defence in talks with PM Modi

Marcos' visit to India also comes at a time when the two nations, which face a similar security concern are improving defense ties

Trump issues order imposing tariffs on 69 nations, India gets 25% hit

Donald Trump has issued an executive order imposing reciprocal tariffs between 10% and 41% on imports from over 70 countries, citing persistent trade imbalances as the reason behind the move

Trump calls India and Russia 'dead economies' but data tells a different story

From India's trillion-dollar export surge to Russia's energy strength, trade data counters Trump's claim amid escalating tariffs and tensions

India's trade talks with the US face new test as EU deal shows major gaps

As the White House and European Commission offer starkly different versions of their trade pact, it gives India's negotiators ample reason to be alarmed

US-Indonesia trade deal shows risks of pressure, India must be wary: GTRI

The US-Indonesia trade pact reflects how Washington's pressure tactics can compel countries to cut tariffs, commit to large purchases, and loosen regulatory control, and India should tread cautiously in ongoing trade talks to avoid similar concessions, economic think tank GTRI said on Wednesday. Indonesia gave up far more than it gained, removing 99 per cent of its tariffs on US goods, agreeing to buy USD 22.7 billion in American products, and weakening important rules that protected its industries, food safety, and digital space, the Global Trade Research Initiative (GTRI) said. "India now faces similar US demands, including allowing remanufactured goods, opening up agriculture and dairy, accepting genetically modified (GM) feed, and adopting US rules on digital trade and product standards," GTRI Founder Ajay Srivastava said. He added that accepting American standards on cars, medical devices, or food, without any guarantee of reciprocity, would put India's consumers at ...

Electronics exports up 47% in April-June quarter, led by US, UAE, China

The Netherlands and Germany are other major export destinations for the country's electronics exports

India sees $52.3 bn services surplus in Q3 FY25; offsets goods deficit

NITI Aayog's Trade Watch report cites strong growth in IT, consulting, and R&D services exports in the October-December 2024 quarter, helping offset the widening merchandise trade deficit

Trade agreement between India, four-nation EFTA to kick in from Oct

Deal with European bloc was signed in March 2024; it's projected to get India $100 bn foreign direct investment

India-Canada interim trade deal back on the table after 2 years of tensions

After two years of strained diplomatic relations, as India and Canada look to iron out creases, the interim trade deal is back on the table