Exports to India from February to April jumped to 155,260 running bales, from 25,901 shipped during a year ago period
Chinese imports rose by 11.5 per cent to $113.45 billion, while outbound shipments to the neighbouring country saw 14.5 per cent contraction to $14.2 billion
India's crude oil imports from the US hit a two-year high in April, with US market share tripling since February, as both nations work towards a trade deal to rationalise import tariffs
India's exports to the US grew by 11.6 per cent in 2024-25, rising to $86.51 billion, compared to $77.52 billion in 2023-24
India is also looking at non-tariff barriers as well as tariff barriers in the agreement
In a fast-changing world, India's focus needs to be on pushing forward a broader, comprehensive trade and investment reform agenda
India and the US have finalised terms for the first phase of their trade deal, aiming to boost bilateral trade to $500 billion by 2030 and deepen strategic economic ties
Exporters say production and shipping products in three months remain a challenge for tailor-made products
India needs a nuclear energy renaissance and the US is interested in helping the country develop a nuclear infrastructure as both nations have a vital shared interest in this area, Holtec CEO Dr Kris Singh has said, voicing optimism that things will move forward under Prime Minister Narendra Modi. India and the US have shared strategic interest in clean energy... Nuclear power should be a unifier and India should naturally take the lead there. For that, India needs to have an exportable technology, Singh told PTI in an exclusive interview at the sprawling Krishna P Singh Technology Campus in Camden, New Jersey. Holtec International is a diversified energy technology company recognised as the leading technology innovator in the field of carbon-free power generation, specifically commercial nuclear and solar energy. In September last year, Singh had met PM Modi here during the Prime Minister's visit for the UN General Assembly high-level session and they had discussed Holtec's plan to
Earlier in the day, US Secretary of State Rubio confirmed the extradition of Tahawwur Hussain Rana to India, where he will face charges for his role in planning the 2008 Mumbai terrorist attacks
US Vice President J D Vance and National Security Adviser Michael Waltz are expected to be in New Delhi on April 21, reflecting Washington's focus on its relationship with India amid concerns across the globe over President Donald Trump's policy on tariffs. Both the US vice president and national security advisor are likely to embark on separate visits to India from April 21, top sources told PTI on Friday night. Vance's visit is likely to be more of a private trip, even though it will have official components. Waltz's visit will be a purely business trip as he will hold wide-ranging talks with his Indian interlocutors on a range of key issues including the security situation in the Indo-Pacific, the sources said. Both Vance and Waltz are expected to meet Prime Minister Narendra Modi before he travels to Saudi Arabia for a two-day visit from April 22. The visits of Vance and Waltz are taking place against the backdrop of Trump's policy on tariffs that triggered massive trade ...
While tariff is important, the bilateral trade agreement between India and the US should focus more on non-tariff barriers, a top official of Semiconductor Industry Association said on Friday. India can have a higher share in the USD 600 billion semiconductor market if it plays the cards right, Semiconductor Industry Association (SIA) President and CEO John Neuffer said during a panel discussion at Global Technology Summit organised by Carnegie India. "As we think about our bilateral future and our cooperation within the BTA (bilateral trade agreement), we shouldn't over-index on the tariff piece of it. There's no doubt about it, that's really important, but more emphasis needs to be given to the non-tariff barriers. That's been talked about in Washington quite a bit. There's customs problems, there's siting regulations that need to be streamlined," Neuffer said. India and the US are holding discussions for a bilateral trade agreement (BTA) to rationalise import taxes in the ...
During Modi's visit to the White House in February, India and the US had said that they plan to sign a trade deal by the fall of this year
Amid Trump's tariff threats looming across the world, Goyal further stated that India does not negotiate under pressure
External Affairs Minister S Jaishankar said the world is heading towards a period of sharp competition and contestation, where the planning is going to be much harder for different countries
Imposition of steep 125 per cent tariffs on China by the US could help Indian products from sectors such as textiles, leather, engineering, and electronics become more competitive in America, think tank GTRI said on Friday. However, the benefits may be short-lived unless India proactively leverages this breathing space to strengthen its export ecosystem, streamline compliance processes, and enhance engagement with US buyers, the Global Trade Research Initiative (GTRI) said. It suggested that the government reintroduce interest equalisation scheme to help small firms with access to cheaper working capital credit and customs expediting shipments. The 90-day suspension of country-specific tariffs, as outlined in the new executive order, offers a small window of opportunity for Indian exporters, GTRI Founder Ajay Srivastava said. While Chinese goods now face steep tariffs of up to 125 per cent, imports from India will be subject to a flat 10 per cent additional duty, significantly lowe
Earlier, a spokesperson for the US Department of Justice also commented on Rana's extradition to India and noted that it is a crucial step in seeking justice for the victims of the heinous attacks
US State Department spokesperson Tammy Bruce stated that the US had consistently supported India's efforts to hold those responsible for the attacks accountable
The details of the push provide an insight into the U.S. smartphone company's private strategy to navigate around the Trump tariffs
Under the US-India extradition treaty, India must ensure Tahawwur Rana is not tortured, gets adequate prison protection, and is tried only for offences listed in the extradition