india trade

Washington, April 3 – The United States recorded a goods trade deficit of $54.91 billion with India over the past 12 months, placing it among Washington’s top deficit partners, even as the overall US trade gap widened in February, according to official data.The monthly figures showed the US...

Chennai, March 19 Tamil Nadu has emerged as the top state in India for textile exports, recording shipments worth USD 7,997.17 million for the fiscal year 2024-25, which is an increase of 29.12 per cent over the last four years, according to the government.The state has seen a 29 per cent...

New Delhi, March 18 The industry body, FFFAI, has sought government intervention to resolve issues arising after shipping lines' decision to impose war risk surcharges on shipments in the wake of the West Asia crisis.Shipping lines have started levying war risk surcharges (WRS) on cargo moving...

Washington, March 12 – The United States recorded a $2.8 billion goods trade deficit with India in January, even as the overall US trade gap narrowed sharply, driven by stronger exports and slightly lower imports, according to data released on Thursday by the US Census Bureau and the Bureau of...

Washington, March 12 – The United States has launched a trade investigation into excess manufacturing capacity across 16 economies. The list includes major exporters such as China and the European Union, as well as manufacturing hubs in Asia and emerging economies such as India, Bangladesh, and...

New Delhi, March 5 The Congress stated on Thursday that there are clear downward pressures on China's GDP growth, which are now structural in nature, but there is nothing for India to celebrate as its economy is much larger and the trade deficit with China is rising.Congress general secretary...

New Delhi, March 5 Shipping lines are demanding contingency surcharges of up to USD 4,000 on 40-foot containers carrying perishable goods, and are refusing to release consignments even for products that reached ports before the US-Israel launched attacks on Iran, exporters say.This demand is...

New Delhi, March 2 The government held discussions with exporters and logistics players on Monday to assess the impact of escalating tensions in the West Asian region on India's trade and assured all measures to mitigate any disruptions.The US and Israel jointly launched military strikes on...

New Delhi, March 1 The Ministry of Commerce has convened a meeting of exporters, shipping lines, freight forwarders, and officials from other ministries on Monday to assess the impact of escalating tensions in the Middle East region on India's trade.The US and Israel jointly launched military...

New Delhi, February 26 Food Processing Industries Minister Chirag Paswan said on Thursday that social media influencers are spreading a "false narrative" that processed food is harmful, and called for a collective effort to counter it, warning that the misinformation was impeding the sector's...

New Delhi, February 26 The European Union's Carbon Border Adjustment Mechanism (CBAM) will not have any exceptions, even after the conclusion of the India-EU Free Trade Agreement (FTA), but both sides have committed to technical discussions to find the best way forward, a senior German...

New Delhi, February 24 External Affairs Minister S Jaishankar held talks with the Secretary General of the Gulf Cooperation Council, Jasem Mohamed AlBudaiwi, on Tuesday, focusing on ways to strengthen cooperation in areas such as energy, trade, and investment.AlBudaiwi is currently on a visit...

New Delhi, February 24 India and the six-nation bloc of Middle Eastern nations, the Gulf Cooperation Council (GCC), have begun negotiations for a proposed free trade agreement (FTA), an official statement said on Tuesday.In this regard, a joint statement was signed between the visiting...

New Delhi, February 24 A uniform 15 percent tariff, announced by US President Donald Trump, would benefit some Asia-Pacific economies that have faced much steeper country-specific levies, including China and much of Southeast Asia, Moody's Analytics said on Tuesday.However, it would have a...

Washington, February 21 – The US trade deficit widened sharply in December, capping a year in which America's trade gap with India reached $58.2 billion.The trade deficit in goods and services rose to $70.3 billion in December, up from $53.0 billion in November, according to the U.S. Census...

Washington, Feb 21 – Countries that have entered into trade agreements with President Donald Trump – including India, the United Kingdom, the European Union, and Japan – will temporarily face a uniform 10 percent tariff following the Supreme Court's decision restricting the administration's use...