India is set to ease foreign investment rules for e-commerce exports, allowing firms like Amazon to buy directly from Indian sellers and sell products overseas, boosting trade potential
Financial aid, cluster development, and credit note scheme aim to modernize Indian shipyards
ICEA said that in the first five months of FY26, smartphone shipments to the US reached $8.43 billion, up from $2.88 billion in the same period of FY25, nearly a three-fold increase
CEA V Anantha Nageswaran said India and the US could resolve their tariff dispute within 8-10 weeks, as both sides hold talks and look to improve ties
India's exports rose 6.7% in August to $35.1 billion despite higher US tariffs, while imports contracted 10.1% to $61.6 billion, narrowing the trade deficit to $26.3 billion
The inter-ministerial consultations for the Export Promotion Mission have concluded and the proposal will soon be sent to the Union Cabinet seeking its approval, sources said. The government is considering support measures worth about Rs 25,000 crore for exporters under the Export Promotion Mission, announced in the Budget, for six financial years (2025-2031), PTI had reported citing sources last month. The mission, if approved, can help insulate domestic exporters from global trade uncertainties arising from Trump tariffs. The US has imposed a hefty 50 per cent tariff on Indian goods, starting August 27. "So export promotion mission, you know, the inter-ministerial consultations have happened, and soon we will be going to cabinet. Already in the Budget, there was an announcement, and it would be a kind of a scheme which would be fungible," sources said.
Exporters and industry bodies sought RBI relief including moratoriums, relaxed NPA norms, and REER settlements to counter the impact of 50 per cent tariffs by the US
With the US imposing steep tariffs on Indian exports, New Delhi must support affected firms while pursuing new markets, as trade talks with Washington remain uncertain
The Ministry of Commerce and Industry has proposed measures to ease liquidity for exporters through collateral-free loans and subsidised interest rates
It's a familiar pattern: when local or global forces threaten market equilibrium, the Reserve Bank of India is typically expected to step in
The government on Tuesday said extension of the export obligation period for chemical imports under the advance authorisation scheme from six to 18 months will provide much-needed relief to exporters amid concerns over steep US tariffs. "This measure extends essential support and flexibility to exporters dealing with chemicals and petrochemicals across India," the Ministry of Chemicals and Fertilisers said in a statement. The move is poised to simplify trade processes and elevate the global market edge of Indian goods. "The Export Obligation timeframe has now been extended from 6 months to 18 months, offering a substantial buffer to the industry," the statement added. Through the Advance Authorization Scheme, importers can bring in duty-free raw materials for export production without adhering to quality control orders (QCOs) for those inputs, ensuring a steady flow of export operations. A significant number of these authorizations cater to the chemical sector, emphasizing the val
Nearly all segments of the economy supported growth in the first quarter
With American President Donald Trump's tantrums, some in India are ready to rethink the China relationship
The Union minister exuded confidence that the measures will ensure that India's exports in the current financial year will exceed that of last year's
Commerce and Industry Minister Piyush Goyal on Friday said the government will soon introduce various measures to expand the domestic outreach and global foray to boost country's exports. "I can assure each one of you that in the days ahead, the government will be coming out with a variety of measures to support every sector, both to expand the domestic outreach and look for complementarities in other markets around the world to expand our global foray so that this year, our exports will exceed last year's exports. "This year will define our self-confidence," he said here at an industry event. The government is working on support measures for exporters as the 50 per cent tariffs imposed by the US on Indian goods are expected to hurt certain labour-intensive sectors, including shrimp, leather, and footwear, as well as textiles. In 2024-25, India's goods and services exports touched an all-time high of USD 825 billion.
Former RBI governor Rajan pointed out that refiners have been earning excess profits from importing Russian oil, while exporters have taken a hit due to tariffs imposed by the US
Exporters will need to explore new markets as the US is no longer an option for many, he stressed
From Andhra to TN and Gujarat, states fear heavy biz losses
GST 2.0 may cushion consumers against US tariffs, but like the 2019 corporate tax cut, it risks being another tactical fix rather than a structural growth strategy
China's decision to ease restrictions on exports of rare-earth minerals and fertilisers to India is a positive signal, but India must work to reduce its dependence on the neighbouring country, with which it runs an alarming USD 100 billion trade deficit, economic think tank GTRI said on Wednesday. It said that between 2014 and 2024, China's dominance over India's import landscape only widened. Its share in India's telecom and electronics imports reached 57.2 per cent, while machinery and hardware accounted for 44 per cent. Chemicals and pharmaceuticals followed closely at 28.3 per cent, it said. For India, the Global Trade Research Initiative (GTRI) said, the only real safeguard is to build strength at home by cutting dependence, investing in deep manufacturing, and becoming a true product nation. "A stronger, more self-reliant India will be better placed to engage China on equal terms, while keeping relations steady and pragmatic rather than hostage to sudden shifts," GTRI Founder