Page 6 - India Trade

Trade deficit widens to $192 billion in FY22; imports at record high

Value of inbound petroleum shipments nearly doubles; account for 26% of total imports

India is open for biz; to expand global footprint, says Piyush Goyal

PM Modi's government looks at a trade deal very seriously, examining its potential for the next 50 years, says Goyal

Russia-Ukraine conflict opened opportunities for Indian exporters: CAIT

CAIT termed this situation as a "blessing in disguise" for Indian manufacturers and traders to fill the void with Indian goods

Explained: What India's shift in stance on public procurement means

India's public procurement market is estimated to be between 20 and 22 per cent of the GDP, or about $500 billion annually.

In a first, India opens up central govt procurement market to UAE

Experts say this may open a Pandora's box with demand for similar commitment

Relationships India built at Dubai Expo will become business partnerships

The event was an opportunity to reach out to major economies, explore trade opportunities and help widen India's trade basket.

India to study sanctions impact on trade settlement with Russia

By Nidhi Verma and Alasdair Pal

Dialogue on India-US deal for 30 Predator drones at advanced stage: Reports

The discussions on the sale of 30 Predator armed drones by the US to India, the first to a non-NATO ally, at an estimated cost of $3 bn are at an advanced stage, multiple sources have confirmed.

India set to begin shipment of wheat to Afghanistan via Pak from Tuesday

India is likely to send on Tuesday its first shipment of 10,000 tonnes of wheat to the people of Afghanistan through Pakistani land routes after months of negotiations with Islamabad.

Adviser to Pakistan PM Imran Khan backs resumption of trade ties with India

Trade with India was suspended by Islamabad in August 2019 after New Delhi revoked the special status of Jammu and Kashmir

Sun Pharma, DRL have presence in Ukraine; trade worth $2.35 billion

India is Ukraine's fifth largest overall export destination

Exports: Has white-collar success trumped India's blue-collar viability?

If India were trading in only goods, a massive deficit of about $150 bn would have forced down the rupee's value, making Indian manufactured goods cheaper in export markets, writes T N Ninan

SME Chatroom: Anti-dumping duty can be levied with retrospective effect

Most countries have aligned their tariffs at the six-digit level.

Services exports crossed $178 bn in 6 months despite Covid: Piyush Goyal

"While 2021 was a year in which we defied all odds, 2022 will be the breakthrough year which will unlock the country's exponential value. Services Export for Apr-Dec 2021 reached more than $178 bn despite the Covid-19 pandemic when the Travel, Hospitality & Tourism sectors were significantly down. 'India at 100 will be renowned as a start-up nation as we have added 43 unicorns in 45 weeks, and we should aim for at least 75 unicorns in this 75 week period to 75th Anniversary of Independence," said the commerce and industry minister Piyush Goyal while releasing the NASSCOM Tech Start-up Report 2022.

Tripura emerging as land of opportunities, trade connectivity hub: PM

Prime Minister Narendra Modi on Friday said, with improvement in connectivity and infrastructure, Tripura is turning into a land of opportunities and a hub for trade connectivity.

The future of trade

India must increase its ambition

Exporters across sectors are flushed with orders for next fiscal: FIEO

Additional exports will come from some of the PLI (production-linked incentive) sectors in the next fiscal, it said

Gem, jewellery exports decline by 4.21% in Nov to Rs 17,784.92 cr: GJEPC

The decline was expected due to a break in manufacturing activity during Diwali

Global trade momentum slowing down

The United States continued to maintain high tariffs on goods from China that the Trump administration had imposed but that didn't seem to hurt China much

Soaring imports to push India's CAD to 1.9% this fiscal year : Report

Trade deficit--the difference between a country's imports and exports -- has been rising and remains sticky