India to Get Textile Exports Benefits From the US
The Union Commerce Minister announced that India is likely to receive tariff benefits on textile exports, similar to those Bangladesh receives, under the United States’ trade agreement. Indian garment traders will be able to use American cotton once the deal is signed and will also enjoy zero tariffs from the US. Additionally, Piyush Goyal said…
Vipin Kumar
Indian Refineries Skips Russian Oil For US Trade Deal
India’s refineries and trading sources said they are avoiding Russian crude oil purchases and have decided to stay away from such trades for the long term to help New Delhi secure a trade deal with the US. India and the US announce a framework for a deal, with finalisation expected by March, to reduce tariffs…
ABHYUDAYA MITTAL
India to Initiate FTA Talks With 6 Gulf Countries
India has begun negotiations for a free trade agreement (FTA) with the Gulf Cooperation Council (GCC), comprising six member nations. This agreement comes as India looks to strengthen trade ties with advanced countries. The GCC is the largest trading bloc with which India trades. India has signed the terms of reference (TOR) that describe the…
Shipra Prajapati
India-US Trade Pact, Russian Oil and Kremlin Reaction
India’s recently announced trade agreement with the United States has sparked international attention, particularly around its implications for India’s Russian oil imports and broader geopolitical ties. U.S. President Donald Trump said the pact would cut U.S. tariffs on Indian goods to 18% and include conditions under which India would halve or sharply reduce purchases of…
Seetu kumar
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…
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…
