India's current account deficit (CAD) is expected to rise to 1.7 per cent of GDP in the current financial year FY26, higher than the bank's earlier projection of 1.2 per cent, according to a report by Union Bank of India.
India remains engaged with the United States on the proposed Bilateral Trade Agreement (BTA), and the first tranche of the deal, focused on addressing reciprocal tariffs, is now "near closure", Commerce Secretary Rajesh Agrawal said on Monday while releasing the October trade data.
Speaking to reporters on Thursday, the official confirmed that Washington is pursuing a reciprocal trade agreement with New Delhi whilst simultaneously addressing concerns over India's purchases of Russian oil.
The Confederation of Indian Textile Industry (CITI) welcomed the Union Cabinet's approval of the Export Promotion Mission, saying the decision will give a major push to India's textile and apparel sector.
The rupee traded within a narrow range of Rs 87.83-Rs 88.70 per dollar over the past month, with volatility easing sharply from over 4 per cent in October to about 1.2 per cent in November.
India and New Zealand are advancing discussions on a bilateral trade agreement, with both sides determined to build a sector-specific trade deal that strengthens economic ties without compromising on sensitive issues, Union Commerce and Industry Minister Piyush Goyal said while speaking to A
India should halt sanctioned oil imports, seek tariff rollback, and resume trade talks only on fair terms with US, the Global Trade Research Initiative (GTRI) said in a note, outlining a three-step plan for India to protect its trade interests under the ongoing bilateral trade agreement nego
The two discussed ways to strengthen defence ties between the two nations. In a post on X, Singh said, "Had a very good conversation with the Defence Minister of Malaysia, Dato' Seri Mohamed Khaled Nordin in Kuala Lumpur. Discussed ways to further strengthen the India-Malaysia defence par
The Australian High Commission, in partnership with Kirrikin and FDCI, hosted a fashion showcase in New Delhi featuring Indigenous Australian designs. The event celebrated cross-cultural collaboration under the Australia-India trade pact, highlighting creativity, heritage, and growing cul
Post tariffs, trade deficit of United States declined by USD 42 billion but during the same period it has gone up by USD 9 billion with top five trading partners including India, noted a research report by the State Bank of India (SBI).