Trump Cuts Tariffs to 18%, Bringing Relief to India
Donald Trump on Monday announced a trade deal with India to reduce tariffs to 18% from 50%, in exchange for halting Russian crude oil purchases and easing trade restrictions. This significant move to ease tariffs has sparked a rally across Asian countries’ markets. Even though the details of the deal are not yet clear, sentiment…
Sumit
India-Germany on the Verge of Signing Submarine Deal
India and Germany are set to sign a multi-billion-dollar deal to manufacture a next-generation conventional submarine by the end of March, with an Intergovernmental Agreement (IGA) finalised with Germany for long-term support and export clearances, and cost negotiations with Mazagaon Dockyards Limited (MDL) completed. According to the sources, the IGA has been finalised, and the…
Himanshu
India, EU Conclude Landmark Free Trade Deal Talks
India and the European Union have successfully concluded negotiations on a long-awaited free trade agreement, marking a major milestone in their bilateral economic trade and strained ties with the United States. The agreement is expected to significantly enhance trade flows, strengthen supply chains, and deepen strategic cooperation between the two economies. It covers a broad…
India–EU Set to Create 2-Billion-People Mega Market
India and the European Union are very close to finalising a very important Free Trade Agreement (FTA), which the European Commission President, Ursula von der Leyen, has described as the “Mother of All Deals”. She spoke about it at the World Economic Forum in Davos, which means this is a very big and important agreement….
Yash Sharma
India Suggests Linking BRICS Digital Currencies
India’s central bank, the Reserve Bank of India (RBI), has suggested that BRICS countries collaborate to integrate their digital currencies. Their goal is to make International payments easier, faster and cheaper. BRICS include Brazil, Russia, India, China, and South Africa, and later, some additional countries, such as the UAE, Iran, and Indonesia, joined. Sources say…
India’s China Exports Jump, U.S. Trade Weakens in Dec
Amid steep tariff measures imposed by the United States under President Donald Trump’s Administration, India’s export landscape is undergoing notable changes. December records suggest that exports to China rose sharply, while U.S. exports have softened after the Trump administration’s tariff surge last year. Exports to China surged 67% in December to $2 billion, in contrast…
India Falls to Third Place in Russian Crude Oil Imports
India’s imports of Russian crude oil have dropped since the implementation of the price cap policy, with a significant 29 per cent month-on-month decline, but they are making a strong comeback in January this year. Centre for Research on Energy and Clean Air (CREA) reported that the deterioration occurred despite total imports growing marginally. The…
Piyush Goyal Invites Liechtenstein to Invest in India
Commerce and Industry Minister Piyush Goyal invited European companies from Liechtenstein to invest in India and leverage the India-European Free Trade Association (EFTA) to expand their presence. Piyush Goyal, on an official visit to Liechtenstein, emphasised India’s scale, reform momentum, and expanding consumer market, supported by a strong industrial base and a sustained focus on…
India and New Zealand FTA to Increase Exports & Jobs
India and New Zealand have concluded a Free Trade Agreement, which is expected to take effect in seven to eight months. New Zealand Prime Minister Christopher Luxon said that this pact with India will enhance exports and pave the way for farmers, growers, and businesses. The Free Trade Agreement between the two countries will promote…
Duty-free Access for India’s Exports to Australia in 2026
In the coming year, Australia is set to provide duty-free access to all Indian exporters under the India-Australia Economic Cooperation and Trade Agreement (ECTA), announced by Commerce and Industry Minister Piyush Goyal on Monday. “From Jan 1, 2026, 100% of Australian tariff lines will be zero-duty for Indian exports, unlocking fresh opportunities for labour-intensive sectors,”…
