India's merchandise trade deficit likely narrowed modestly to USD 20.7 billion in June, down from USD 21.9 billion in the previous month, driven by easing crude oil prices, muted gold imports, and a shift in sourcing strategy that helped offset global commodity volatility, said a report by U
Semiconductor chips are essential components in virtually all electronic devices, enabling a wide range of functionalities from basic computation to advanced technologies. According to the estimates, Indian market for semiconductors is expected to cross USD 100.2 billion by 2032 from USD 34.
US President Trump announced 30% tariffs on goods from Mexico and the EU starting August 1, citing border security and trade imbalances. He shared letters with their leaders on Truth Social. The move follows stalled trade talks, with only the UK reaching a deal so far, The Hill reported.
Pawar wrote to Union Agriculture Minister Shivraj Singh Chouhan and Union Commerce Minister Piyush Goyal, highlighting the growing problem of poor-quality raisins being smuggled into India and evading import duties and taxes.
US President Donald Trump has threatened a 50% tariff on Brazilian goods over the trial of ex-President Bolsonaro, calling it a "Witch Hunt." Brazil vowed to retaliate. Trump also announced a 50% copper tariff citing national security. Several countries face similar trade threats amid ongoin
Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel.
Bangladesh has proposed to increase imports from the US on the first day of tariff talks between the two countries, a Bangladeshi official said on Thursday.
The sharp declines in imports of passenger and commercial vehicles are explained by particularly low imports during the 12-day Operation "Rising Lion."
The White House has shared letters sent by Trump to heads of these seven nations, which mentioned the tariffs they will face while exporting goods to the US.
The apple economy in Himachal Pradesh alone is worth between Rs 4,000 crore and Rs 6,000 crore annually, with a production value of around Rs 5,000 crore. Around 50 per cent of India's apple supply is met through imports, which affects domestic producers from Himachal Pradesh, Jammu & Ka
India's toy industry, once heavily dependent on imports, is now manufacturing domestically and exporting to 153 countries, Union Minister of Commerce and Industry, Piyush Goyal addressing the 16th Toy Biz International B2B Expo 2025 on Friday said as he highlighted this remarkable transforma