Union Home Minister Amit Shah on Wednesday said that the Union Cabinet's nod to setting up a new Brownfield Ammonia-Urea Complex Namrup IV Fertilizer Plant in Assam will drive the rural economy by making an adequate supply of fertilizer within its reach and enhance the region's potential as
Despite improvements in the current account deficit, muted net foreign direct investment (FDI) and continued outflow of foreign portfolio investment (FPI) suggest that the overall balance of payments (BoP) will continue to face pressure, said a report by ICICI Bank Global Markets.
Mumbai (Maharashtra) [India], March 19: BRISKPE, a Prosus-backed cross-border payments platform, has reached a major milestone by securing the Reserve Bank of India's (RBI) in-principle Payment Aggregator - Cross Border (PA-CB) authorisation. The authorisation enables BRISKPE to operate as a
India's current account deficit is likely to see a sharp downside risk for FY25 GDP, as seen in the sharp positive surprise in February trade data according to a report by the Union Bank of India (UBI). India's trade deficit for February 2025 has seen a rare surplus of USD 4.4 billion.
Indian sugar industry body ISMA affirmed on Tuesday the stable and sufficient availability of sugar for the ongoing 2024-25 (October--September) marketing season, dispelling any concerns about potential shortages and supply constraints.
Luxon's speech at the Raisina Dialogue 2025 marked a significant milestone in India-New Zealand relations, the growing diversity of trade between India and New Zealand, shifting beyond traditional wood exports.
"We need better logistics... construction of naval and aerial hub encompassing two huge ports... We hope that India soon touches the Peruvian soil in our airports...," said Schialer, who is here to attend Raisina Dialogues 2025.
On the services front, exports rose significantly to USD 35.03 billion in February 2025, up from USD 28.33 billion in February 2024. Imports also saw an increase, reaching USD 16.55 billion compared to USD 15.23 billion in the previous year.
"With GDP growth projections above 6 per cent annually, India's energy demand will continue to soar, and the country will remain heavily reliant on fossil fuels, including oil, to meet its needs," said the report.
India runs a marginal trade deficit with the USD 13 million in aluminium goods, and USD 406 million in steel goods. While India doesn't figure among top 10 importers of steel products, accounting for just 1 per cent of imports to the US, it is among the top 10 in aluminium imports. However,
Union Minister Ashwini Vaishnaw on Saturday highlighted the thanked the states for success of the electronic industry, adding that it has become the second largest export item in the country.
European defence orders could begin flowing as early as the first half of FY26, marking a major milestone for the sector. Given Europe's manufacturing constraints, Indian defence companies are well-positioned to capitalize on rising export opportunities.