Commerce Ministry News - Latest Updates & Headlines
In relief to tobacco farmers, Government notifies three-year validity for grower registrations and barn licenses
New Delhi, April 22: The Centre has decided to renew the Certificate of Registration as a Virginia tobacco grower and the License for operation of a barn for three years instead of one year, as part of ease of doing business, in order to reduce the burden of mandatory yearly renewal.
Over 83,000 tobacco farmers to benefit as Centre extends validity of licenses to 3 years
New Delhi, April 22: The Centre has decided to renew the Certificate of Registration for Virginia tobacco growers and the license for operation of a barn for 3 years instead of a year as at present in order to reduce the burden of mandatory yearly renewal for over 83,000 tobacco farmers in the country, the Commerce and Industry Ministry announced on Tuesday.
India's trade deficit widens in March 2025 to USD 3.63 billion as against USD 1.92 billion in March 2024
New Delhi, April 15: India's trade deficit increased sharply in March 2025 to USD 3.63 billion, as against USD 1.92 billion in the same month of 2024, according to government data released on Tuesday.
India's total exports touch record $820.93 billion in 2024-25 despite global challenges
New Delhi, April 15: India's total exports of goods and services increased by 5.5 per cent to a record $820.93 billion during the financial year ended March 31, 2025, compared to $773 billion in the previous fiscal year, despite the uncertainties in the global market, according to Commerce Secretary Sunil Barthwal.
India's exports surge to record $820 billion in 2024-25 despite global challenges
New Delhi, April 10: India's goods and services exports have crossed a record $820 billion in financial year 2024-25, which represents a close to 6 per cent increase over the corresponding figure of $778 billion for the previous financial year, despite the economic uncertainties in global markets, according to data compiled by the Commerce Ministry.
Piyush Goyal encourages exporters to take long term view of India-US trade
New Delhi, April 9: Union Minister of Commerce and Industry, Piyush Goyal, on Wednesday held discussions with the Export Promotion Councils and industry bodies here in the light of the emerging trade scenario.
US tariffs: Piyush Goyal likely to meet exporters this week
New Delhi, April 6: Keeping the US reciprocal tariffs and its future impact on Indian businesses in mind, Union Commerce and Industry Minister, Piyush Goyal, is likely to meet exporters this week.
India steps up vigil against cheap Chinese imports amid US tariff hike
New Delhi, April 5: India has stepped up vigil to prevent the dumping of cheap Chinese imports in the country after the steep US tariff hike on the goods exported by the Communist country.
India studying opportunities that may arise from new US trade policy: Commerce Ministry
New Delhi, April 3: Faced with US President Donald Trump's reciprocal tariffs, India on Thursday said that it is studying the opportunities that may arise from this new development in US trade policy.
India, US hold trade talks; to work towards negotiating first tranche of FTA
New Delhi, March 29: India and the United States held trade talks in New Delhi as part of efforts to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025.
Core sector industries clock 2.9 pc growth in Feb: Centre
New Delhi, March 28: The combined Index of Eight Core Industries (ICI) increased by 2.9 per cent in February, as the production of cement, fertilisers, steel, electricity, coal and refinery products recorded positive growth, according to data released by Ministry of Commerce and Industry on Friday.
India's exports of goods and services rise 6.24 per cent to cross $750.5 bn in April-February
New Delhi, March 17: India's cumulative exports of both merchandise and services registered a 6.24 per cent increase during April-February 2024-25 to $750.53 billion, compared to $706.43 billion in the same period of the previous year, according to data released by the Ministry of Commerce and Industry on Monday.
India's exports declined to USD 71.95 bn in Feb from USD 74.97 bn in Jan 2025
New Delhi, March 17: India's overall exports, comprising both merchandise and services, stood at USD 71.95 billion in February 2025, declining from USD 74.97 billion in January 2025. However, it is up from USD 69.74 billion in February 2024, according to the latest data released by the Commerce Ministry.
Our approach is 'India First' in trade talks with US, says Piyush Goyal
New Delhi, March 14: Commerce Minister Piyush Goyal on Friday said that he "had a forward-looking discussion with US Trade Representative Jamieson Greer on a mutually beneficial Bilateral Trade Agreement" between India and the US.
Government pursuing multiple tracks to boost exports: Piyush Goyal
New Delhi, March 14: The Union Minister of Commerce and Industry, Piyush Goyal, during his address to the Export Promotion Councils (EPCs) and Industry Associations, said that the government is acting on several tracks and each one of those tracks is aimed at ensuring the best interest of the Indian exporters in the ongoing bilateral agreements.
No commitment to US on reducing tariffs, talks still on: Govt
New Delhi, March 11: The Government has informed the Parliamentary Standing Committee on External Affairs that India has not made any commitment to reduce tariffs on goods imported from the US.
Govt to enhance credit flow for boosting MSME exports
New Delhi, March 4: The government is drawing up schemes to provide credit on easy terms to MSME exporters, and offer assistance to deal with non-tariff measures imposed by other countries which have emerged as a barrier to India's merchandise exports, a senior Commerce Ministry official said on Tuesday.
Govt committee to review US reciprocal tariffs, submit report by March 15
New Delhi, Feb 25: As the US plans to impose reciprocal tariffs across trading countries by April 2, the Indian government has formed a high-level committee which is tasked to review tariff relief on imports from the US.
Govt formulating plans to protect exporters amid global challenges: Jitin Prasada
New Delhi, Feb 18: The government is formulating strategies to ensure that the interests of the country's exporters, and especially the Indian citizens, are protected in the face of challenges that might arise ahead, Union Minister of State for Commerce and Industry Jitin Prasada said on Tuesday.
India's exports of goods & services post 9.7 per cent rise in January
New Delhi, Feb 17: India's total exports of both merchandise and services for January 2025 are estimated at $74.97 billion, registering a growth of 9.72 per cent vis-a-vis January 2024, according to a statement issued by the Commerce and Industry Ministry on Monday.
India's exports surge to $74.97 bn in Jan 2025 from $68.33 bn, trade deficit rises to $2.67 bn
New Delhi, February 17: India's overall exports, comprising both merchandise and services, rose to USD 74.97 billion in January 2025, marking an increase from USD 68.33 billion in January 2024, according to data released by the Commerce Ministry.
WPI inflation slows to 2.31 per cent in Jan as food prices ease
New Delhi, Feb 14: The country's annual rate of inflation based on the all-India Wholesale Price Index (WPI) slowed to 2.31 per cent in January this year compared to 2.37 per cent for the previous month of December, according to data released by the Commerce and Industry Ministry on Friday.
India's fruit and vegetable exports surge 47.3 pc with APEDA's financial assistance: Commerce Ministry
New Delhi, February 5: India's exports of fruits and vegetables have witnessed a significant surge of 47.3 per cent in volume between the financial years 2019-20 and 2023-24, according to the Ministry of Commerce & Industry.
Commerce Ministry introduces diamond imprest authorization scheme to boost global competitiveness of diamond sector
New Delhi, January 21: Department of Commerce, Government of India has introduced the Diamond Imprest Authorization (DIA) Scheme on Tuesday, aiming to enhance the global competitiveness of India's diamond sector, the Ministry of Commerce and Industry stated in a release.
Centre introduces diamond imprest authorisation scheme to revive sector
New Delhi, Jan 22: With an aim to enhance the global competitiveness of India’s diamond sector, the government has introduced the Diamond Imprest Authorization (DIA) Scheme that will be implemented from April 1.
India's goods and services exports clock 6pc growth to scale $602bn mark in April-Dec
New Delhi, Jan 15: India's total exports of merchandise and services have clocked a 6.03 per cent growth to $602.64 billion during April-December of the current financial year from $568.36 billion in the same period of the previous financial year, the Commerce and Industry Ministry announced on Wednesday.
India's WPI inflation edges up to 2.37 pc in December
New Delhi, Jan 14: The annual rate of inflation based on the all-India Wholesale Price Index (WPI) edged up to 2.37 per cent for the month of December, compared to the same month of the previous year, according to figures released by the Commerce and Industry Ministry on Tuesday.
India's gold imports turn out to be $5 billion lower in Nov, trade deficit narrows
New Delhi, Jan 8: The government has scaled down its estimate of gold imports for November 2024 to $9.84 billion from the preliminary estimate of $14.86 billion announced last month, data compiled by the Commerce Ministry's Directorate General of Commercial Intelligence and Statistics showed on Wednesday.