Indian textile losses due to the US tariffs are expected to be partly offset by export growth to the United Kingdom, supported by the India-UK free trade agreement (FTA), according to a report by Care Edge Ratings.
The loss incurred due to the imposition of reciprocal tariffs on Indian textile exports to the United States (US) may be offset by a surge in exports to the United Kingdom (UK), buoyed by the recently concluded India-UK Free Trade Agreement (FTA), said CareEdge Ratings in a report.
Union Commerce Minister Piyush Goyal criticised analysts and sections of the media for their negative outlook on India's economy, calling them "weak-kneed." Speaking at Bharat Buildcon, he emphasised India's rising global economic prominence, ongoing free trade agreement talks, and governmen
Commerce Minister Piyush Goyal on Friday said Qatar is ready to start trade pact negotiations with India, which was initially indicated during the State Visit of Amir of Qatar, Sheikh Tamim bin Hamad Al-Thani, in February this year.
Former Foreign Secretary and Rajya Sabha MP Harsh Vardhan Shringla remained hopeful that India will soon conclude a "satisfactory mutually beneficial" Free Trade Agreement (FTA) with the US as 50 per cent tariffs are set to kick in on Wednesday.
Industry leaders on Wednesday called for expanding India's Free Trade Agreements (FTAs) to secure preferential treatment in international markets, while stressing that sustainability and policy support will be critical for positioning India as a global manufacturing hub.
Right after shaking hands with UP CM on the agreement, British High Commissioner expressed confidence over the growing relations between UK and India, with the recently signed Free Trade Agreement (FTA) and Vision 35 helping open up many opportunities for businesses.
India has strengthened its trade ties over the past five years, signing five major Free Trade Agreements (FTAs) and progressing on several new deals, Minister of State for Commerce and Industry Jitin Prasada informed the Rajya Sabha in a written reply this week.
Kristensen dismissed the notion that India is a "dead economy," citing its status as the world's fastest-growing economy. He pointed to the ongoing negotiations between the EU and India on a free trade agreement as a testament to India's economic potential.
Indian textile exporters says that exports loss because of U.S the imposition of 25 per cent tariffs by U.S. President Donald Trump will be compensated by gains in exports due to free trade agreements (FTAs) which India's has signed with other nations.
Eastern India's premier business-to-business (B2B) Exhibition for food processing, bakery, mithai & namkeen, dairy, ice-cream and hospitality industry, is being held at the Biswa Bangla Milan Mela Complex in Kolkata from August 2nd to 4th. More than 200 major foreign and Indian companies
United States Treasury Secretary Scott Bessent has blamed India for "slow-rolling things" in the talks for a Free Trade Agreement and said "the whole trade team has been frustrated with them".