India Trade News - Latest Updates & Headlines
India to become trusted bridge of global connectivity through IMEC: Piyush Goyal
New Delhi, April 17: The country is poised to become a trusted bridge of global connectivity through India-Middle East-Europe Economic Corridor (IMEC), Union Minister of Commerce and Industry, Piyush Goyal, has said.
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.
US tariffs on low value Chinese e-commerce shipments opens doors for Indian exporters: GTRI
New Delhi, April 13: The US crackdown on low-value Chinese e-commerce shipments has opened a rare and potentially lucrative window for Indian exporters, said GTRI in a report.
India will have a major role in foreign policy of new German Government, says German envoy
New Delhi, April 12: The German Ambassador to India and Bhutan, Dr Philipp Ackermann, said on Saturday that the new German government is committed to enhancing relations with India, particularly in defence, and noted that "India will play a major role" in their foreign policy.
Any tariffs on pharma sector would be counterproductive for Americans: Wockhardt Chairman Habib Khorakiwala
Dubai, April 12: Habib Khorakiwala, Chairman of pharma company Wockhardt on Friday indicated that any imposition of tariffs on pharma products by the US administration would be counterproductive for the Americans.
ASEAN accounts for 11 pc of India's global trade: Centre
New Delhi, April 12: ASEAN remains a pivotal trade partner for India, accounting for approximately 11 per cent of India's global trade, the government has said.
Not too much investment from China, effort is to integrate with economies of developed world: Piyush Goyal
New Delhi, April 11: Noting that not too much Chinese investment has come to India nor is the government encouraging any significant investment coming the northern neighbour, Commerce and Industry Minister Piyush Goyal on Friday said that the effort is to integrate "our economies with the developed world, who believe in fair play and where we get an equal opportunity to do business and invest".
Jaishankar says US tariffs prompted India to seek out complementary partners in West
New Delhi, April 11: Amid the tariffs imposed by the Donald Trump administration on countries across the world including India, External Affairs Minister S Jaishankar on Friday said that the US has fundamentally changed its approach to engaging with the world and that this shift has prompted India to seek out more complementary partners, which are the open market economies in the West.
Centre sets up Global Tariff and Trade Helpdesk to assist exporters, importers
New Delhi, April 11: The Centre has operationalised a dedicated ‘Global Tariff and Trade Helpdesk’ to assist the country’s exporters and importers in navigating emerging trade issues due to the hike in tariffs announced by the US.
India, US likely to sign trade pact within 90-day tariff-pause period
New Delhi, April 11: The first phase of the bilateral trade agreement between India and the US is likely to be concluded within the tariff-pause period of 90 days fixed by the Donald Trump administration, according to official sources.
India hosts 8th Meeting of Joint Committee on ASEAN-India Trade in Goods Agreement (AITIGA)
New Delhi, April 11: The 8th meeting of the AITIGA Joint Committee to review the ASEAN-India Trade in Goods Agreement (AITIGA) hosted by India at Vanijya Bhawan, New Delhi, concluded on Friday.
Can't compromise national interest to meet trade deal deadlines: Piyush Goyal
New Delhi, April 11: Union Commerce Minister Piyush Goyal on Friday said one cannot compromise with national interest just to meet trade agreement deadlines. The Minister said that at the end of the day, trade agreements have to be win-win for both sides.
Tariffs pause to offer Indian businesses advantage where it directly competes with China: GTRI
New Delhi, April 11: The pause in reciprocal tariffs by the US adminstration offers Indian businesses a short-term advantage--especially in sectors like textiles, leather, engineering, and electronics, where India competes directly with China, said Global Trade Research Initiative (GTRI) Founder, Ajay Srivastava.
Trump says tariffs will be back on July 9 for no-deal countries; 26 pc for India
Washington, April 10: US President Donald Trump on Thursday said trading partner countries that are not able reach an agreement with the US by July 9, when the 90-day pause ends, goods coming to the US from there will be tariffed at the reciprocal rate announced originally.
Reciprocal tariff policy opens new horizons for India's global trade strategy: Nitin Gadkari
Bhopal, April 10: While inspecting the ambitious Multimodal Logistics Park - a project valued at an astounding 1,200 crore rupees and situated in the Pithampur industrial area, roughly 30 kilometers from Indore - the Union Minister for Roads and Highways Nitin Gadkari recognised remarkable potential for growth and development.
UK Chancellor, Finance Minister Sitharaman announces USD 400 million in new trade
New Delhi, April 10: UK Chancellor Rachel Reeves and Finance Minister Nirmala Sitharaman announced USD 400 million in new trade and investment deals at the 13th UK-India Economic and Financial Dialogue in London on Thursday.
90-day US tariff relief will lead to more sustainable trade pacts: Experts
New Delhi, April 10: The temporary relief on the US reciprocal tariffs front gives businesses and India vital space to stabilise supply chains and adapt operations, while also providing policymakers an opportunity to work toward more sustainable trade agreements, industry experts said on Thursday.
India should avoid FTA with US, should go for limited Zero-to-Zero tariff deal, suggests GTRI
New Delhi, April 10: As Donald Trump announced pause on tariffs for 90 days for trade negotiations, India should avoid signing a comprehensive Free Trade Agreement (FTA) with the United States, as it may require India to make harmful trade-offs, suggested Global Trade Research Initiative (GTRI).
Piyush Goyal discusses trade opportunities, challenges with exporters
New Delhi, April 9: Union Minister of Commerce and Industry Piyush Goyal on Wednesday held discussions with the Export Promotion Councils and Industry Bodies in New Delhi regarding the emerging trade scenario.
Jaishankar, Rubio discussed importance of early conclusion of bilateral trade agreement: MEA
New Delhi, April 9: External Affairs Minister S Jaishankar and his US counterpart Marco Rubio held a telephonic conversation and discussed several issues, including regional developments, international developments and importance of early conclusion of the bilateral trade agreement, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal stated on Wednesday.
Trump's reciprocal tariffs take effect undeterred by negotiations
Washington, April 9: US President Donald Trump's sweeping reciprocal tariffs go into effect Tuesday at midnight US Eastern time (9:30 am IST) unaffected by negotiations underway between the US and the affected trading partner countries, with the heaviest levy of 104 per cent on goods from China.
Keeping India's interests at forefront: Union Minister Piyush Goyal on US tariffs
Mumbai, April 9: Union Minister for Commerce and Industry Piyush Goyal stated that the Government is working on a bilateral trade agreement as was decided between Prime Minister Modi and US President Trump in February. His remarks came in the face of the tariffs imposed by Trump's administration.
Confident that India's gain is in it: Union Minister Piyush Goyal on US tariff announcements
Mumbai, April 8: Union Minister for Commerce and Industry Piyush Goyal on Monday expressed confidence that India's industries will benefit from the recent tariff announcements made by US President Donald Trump amid the turmoil in global markets following its recent announcement.
India poised to convert current market fluctuations into an opportunity: Piyush Goyal
New Delhi, April 7: Union Commerce and Industry Minister Piyush Goyal said on Monday that India is well poised to convert the current market fluctuations into an opportunity, against the backdrop of the reciprocal tariffs imposed by the US.
India's telecom, agriculture most affected by US tariffs; telecom has competitive edge: Report
New Delhi, April 7: India's telecom and agriculture sectors are among the worst-affected sectors by the US President Donald Trump's tariffs, highlighted the data shared by a report of EY.
US tariffs: India got relief compared to others, says NSE CEO
New Delhi, April 6: India has received some relief compared to other countries despite the recent hike in global tariffs, said Ashish Chauhan, Managing Director and CEO of the National Stock Exchange (NSE) on Sunday.
India has upper hand given tariffs relatively lower than others: NSE MD-CEO
Katra, April 6: India has the upper hand amidst the reciprocal tariffs imposed by the Trump administration, said Ashishkumar Chauhan, Managing Director and CEO of National Stock Exchange, backing his argument, stating the duties slapped on India were less than others.
US tariffs: India must consider safeguarding its national interests, says P.S. Chandhok
New Delhi, April 5: As the US reciprocal tariffs begin to shake up the world economy, India must consider how to approach this matter in a best possible way while safeguarding its national interest, Pervinder Singh Chandhok, who has been associated with the Middle East Chamber of Commerce, said on Saturday.
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.
SBI report urges India to expand PLI scheme as Trump announces reciprocal tariffs
New Delhi, April 5: According to a report by the State Bank of India (SBI), India should strengthen its Production-Linked Incentive (PLI) schemes in light of growing global trade competitiveness, especially after U.S. President Donald Trump announced reciprocal tariffs on several countries, including India.
Direct impact of US tariffs on Indian sectors will largely be neutral: Report
New Delhi, April 4: The expected direct impact of US reciprocal tariffs would vary in nature for the sectors in India, with no impact on pharmaceuticals since they are exempt from reciprocal tariffs for now, a report said on Friday.
India in active talks with domestic pharma exporters amid new US tariff threat
New Delhi, April 4: The Commerce Ministry is in active talks with Indian pharmaceutical exporters amid growing concerns over possible US tariffs on the sector, which was exempted in the first tranche of reciprocal tariffs by US President Donald Trump.
Potential retaliation to US tariffs may initiate vicious cycle on global growth: SBI Research
New Delhi, April 4: The nature of broad-based tariffs announced by US President Donald Trump and potential retaliation by other countries is likely to initiate a vicious cycle of global growth, says a report by SBI Research.
No special treatment from govt or any regulatory authority: LIC on USTR remark
New Delhi, April 4: The Life Insurance Corporation of India (LIC) on Friday said it receives no special treatment from the government or any regulatory authority, after a United States Trade Representative (USTR) report claimed that LIC is being given favourable treatment by the Centre.
US tariffs give India a definitive edge over China in key sectors
New Delhi, April 3: The reciprocal tariffs imposed by the US will undoubtedly hit all countries but Indian exporters may emerge stronger as rivals, mainly, China faces steeper duties as high as 65 per cent and even beyond.
India stocks face Trump tariffs heat, Sensex dips over 300 points
Mumbai, April 3: The Indian stock indices closed Thursday's session lower, weighed down by the heat of the US administration's reciprocal tariffs imposed on partner countries, including India.
Experts welcome US reciprocal tariff exemption on pharma, call to boost domestic manufacturing
New Delhi, April 3: Industry experts on Thursday welcomed the exemption of Indian pharmaceutical exports from Trump’s reciprocal tariffs while also stressing the need to strengthen domestic manufacturing.
American economy will hurt more from Trump's reciprocal tariffs: PHDCCI President
New Delhi, April 3: US President Donald Trump's reciprocal tariffs will impact the American economy more, leaving them with limited buying options to cater for their needs according to Ranjeet Mehta, CEO and Secretary General of industry body PHDCCI.
India will navigate through the tariff challenges: Bernstein
New Delhi, April 3: India will be able to safely navigate through the tariff challenges, says a report by Bernstein, an international equity research company.
US tariffs can impact Indian Medical Device sector, need to explore opportunities where they seek to diversify: AiMeD
New Delhi, April 3: As US President Donald Trump mandates a 27 percent tariff on Indian goods to the US, Forum Cordinator of AiMeD Rajiv Nath said that the need was to explore windows of opportunities where the US has been seeking to diversify its supply chain dependence to reduce the impact of the tariff.