India's merchandise trade deficit is expected to have narrowed to USD 20.88 billion in January 2025, down from USD 21.94 billion in December 2024, according to a report by Union Bank of India.
Addressing a press conference a day ahead of the India Energy Week 2025, the Union minister recalled how India diversified its crude imports from 27 countries to 40 countries.
He pointed out that the UAE is Japan's leading trade partner in the Arab World in terms of exports and imports, accounting for approximately 37 per cent of Japan's total exports to Arab countries.
As part of its 'Atmanirbhar Bharat' and 'Make in India' plan, the government launched production incentive (PLI) schemes in over a dozen sectors in 2020, to make Indian manufacturers globally competitive, attract investments, enhance exports, integrate India into the global supply chain and
The new tariffs, set to take effect on February 10, provide a short window for potential negotiations between the two countries says a report by S&P Global Market Intelligence.
China has announced retaliatory tariffs on US goods in response to Washington's latest trade measures. Beijing will impose a 15 per cent tariff on imports of coal and liquefied natural gas (LNG) from the US, following the American government's decision to impose 10 per cent tariffs on Chi
This mission is expected to significantly reduce India's dependence on cotton imports, stabilise raw material availability, and position India's textile industry for sustained growth. With 80 per cent of India's textile capacity driven by MSMEs, the increase in domestic cotton production wil
Rushan Abbas, the Executive Director of the Campaign for Uyghurs praised US President Donald Trump's decision to impose a 10 per cent tariff on Chinese imports as an important step in addressing both national security concerns and human rights violations.
"Though Trump has been threatening BRICS countries also, it remains as to when he would press the button. This could be a knee jerk on the Rupee, but it's better to wait and watch for a couple of days" the currency expert said.
This comes after US President Donald Trump announced a 25 per cent tariff on imports from Canada and Mexico, as well as a 10 per cent tariff on goods from China, citing concerns over illegal immigration and the smuggling of drugs, including fentanyl.