NEW DELHI: Asserting that “India will not bow down to anybody”, commerce and industry minister Piyush Goyal said on Friday that countries will restructure their trade routes and partners.“The world keeps evolving, international trade keeps finding new pathways. What we are seeing today is possibly a churn that is bound to happen every few years…
Commerce and Industry minister Piyush Goyal will meet exporters from sectors including food processing, textiles, engineering, and chemicals in Mumbai from August 2-4 to discuss the implications of the 25% tariff announced by the United States, an industry official said on Friday.Exporters from fisheries, IT, pharma, and engineering will also participate in the meetings. A…
India is set to increase its presence in the United States market. This is due to changes in Washington’s tariff policies. Niti Aayog reports India will gain competitiveness in many product categories. The US has higher import tariffs on countries like China and Mexico. This creates an opportunity for Indian exporters. India’s merchandise exports and…
NEW DELHI: A last minute scramble by companies to beat Donald Trump’s reciprocal tariffs may have helped India come close to FY24 goods level export of $437 billion, senior officials said.Apple is said to have shipped five planeloads of iPhones and other products to the US over just three days to stock up its warehouses…
NEW DELHI: A potential India-US trade deal will iron out the impact of Trump tariffs, according to a report by Nirmal Bang Equities.The report stated that as the United States, under President Donald Trump, continues to impose tariffs on global trade, India is also feeling the pressure. However, the Indian government is taking steps to…
NEW DELHI: The Centre on Tuesday named 20 countries, including Australia, Brazil, China, and France as a part of its drive to increase exports, with focus on six focus sectors in both commodities and services.In a written response to the Lok Sabha on Tuesday, minister of state for commerce and industry, Jitin Prasada, said that…
The government has identified several agricultural products including watermelons, ghee, guavas, green chilli for export promotion. (AI image) India’s exports basket is seeing a big growth with some surprise items! The country’s export portfolio is diversifying with significant growth in unexpected items like bananas, ghee, furniture, office supplies, and solar photovoltaic (PV) modules. Whilst traditional…