Page 5 - India Trade

Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data

Research shows effect of dollar fluctuations on bilateral trade; RBI mechanism to pay in Indian rupees may help settle trade with Russia and Sri Lanka, remove risks of dealing in greenback

Rupee settlement to help India trade with Russia, Iran and others: Experts

On Monday, the Reserve Bank of India said it had put in place a mechanism for international trade settlements in Indian rupees (INR) with immediate effect

Neighbours, Russia can help convert 16.38% of India's trade into rupees

The rupee's use in trade settlement would help the RBI in conserving foreign exchange. India's forex reserves have fallen by more than Rs 1 trillion since the outbreak of the Russia-Ukraine war

RBI allows settlement in rupee to settle trade with Russia, Sri Lanka

Exchange rate of two trading partners may be market determined, says central bank

Indian influence in South Asia declines as China expands foothold

China's exports to the region grew over five times between 2005 and 2020

Need to monitor arsenic contamination in lychee, mango trade: Experts

In the season of mangoes and lychees from Bihar flooding the domestic markets and some of it lined up for exports, arsenic contamination through food trade remains a lesser discussed issue

Iran starts transfer of Russian goods to India by using new trade corridor

Since Russia was sanctioned over its war on Ukraine, Iranian officials have been keen to revive a stalled project to develop North-South Transit Corridor that uses Iran to link Russia to Asian markets

WTO MC12: Draft on fisheries subsidies does not meet India's demands

The draft specifies a transition period of seven years for developing nations, instead of 25 years, for exempting some developing countries from subsidy cuts

Can BJP leaders' remarks on Prophet affect India's trade ties with Gulf?

India's relations with West Asian countries have been shaped by energy, trade

India's bilateral trade with Gulf Council grows at rapid pace, data shows

Bilateral trade has increased to USD 154.73 billion in 2021-22 from USD 87.4 billion in 2020-21

Indian trade pacts must lower tariff on alcoholic drinks: Think tank

Such beverages will be 'key issue' in discussions as country seeks access to large markets, says ICRIER report.

China claims it is still India's top trade partner as per its data, not US

China on Tuesday insisted that it is still India's biggest trade partner in 2021-22 as per its figures and attributed the "disparity" to different methods of calculating the trade volume.

India needs to adopt aggressive approach to attract businesses: USISPF

Mukesh Aghi said there have been some efforts but those are more of a transactional effort rather than a uniform or a cohesive approach on this

Economists see limited impact of oil prices on India's GDP growth in Q4

Projections by economists range widely, from 2.7% to 5.5%, but most, however, agree that the economy was on a steady footing in Q4FY22

India committed to strengthen multilateral trade system: Goyal to WTO chief

Commerce and Industry Minister Piyush Goyal met World Trade Organisation Director-General Ngozi Okonjo-Iweala and reiterated India's support for strengthening the multilateral trading system

India, Mauritius pact may include safeguard mechanism related provisions

India-Mauritius trade agreement may include safeguard mechanism related provisions to protect the domestic industry from a sudden or unusual surge in imports of goods

India's offset requirements hurdle in defence trade: Ex-Pentagon official

India offers huge opportunities for the US in bilateral defence trade but its offset requirements pose an enormous challenge in doing business with the country, a former top Pentagon official has told top American lawmakers. Ellen Lord, who previously served as the Under Secretary of Defence for Acquisition and Sustainment (A&S), told members of the House Armed Services Committee on Wednesday that the US is in talks with India on several multi-billion key defence sales, including the Guardian drones. "India has enormous opportunities but also enormous challenges. We have never been able to get the overarching security agreements with India that we would hope. "We have challenges with things like the S-400 (Russian anti-aircraft missile system being bought by India) being on contract and so forth. Additionally, the challenge of doing business, I can tell you in India is enormous because of offset requirements there to be able to provide a local business," Lord said. Under India's ..

Historic India-UAE trade pact effective from May 1, says Emirati minister

The historic Comprehensive Economic Partnership Agreement between India and the UAE will come into effect on May 1, an Emirati minister said on Thursday.

Next round of talks on EU trade agreement in June, says Piyush Goyal

India and the EU agreed to resume negotiations for a balanced and comprehensive free trade and investment agreements in May last year

Local currency trading with Sri Lanka not feasible, says govt official

This is because there's no demand for Indian goods at present, except for essential items that India is supplying under humanitarian grounds