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India's geoeconomic playbook for Trump 2.0: Navigating trade shifts in 2025

With trade wars and financial realignments looming, India's success in this evolving landscape will depend on its ability to balance collaboration with autonomy

India's geoeconomic playbook for Trump 2.0: Navigating trade shifts in 2025
Updated On : 22 Jan 2025 | 10:59 PM IST

Govt allows export of 1 mn tonnes sugar in ongoing 2024-25 season

The government on Monday allowed the export of 1 million tonnes of sugar in the ongoing 2024-25 season ending September. "...the Government of India has approved a 10 lakh tonne sugar export quota for 2024-25," Food Minister Pralhad Joshi said in a post on X. This ensures price stability, supports five crore farmer families and five lakh workers, and strengthens the sugar sector, he added. The Food Ministry has issued an order in this regard, allocating export quota sugar mill-wise. During the last 2023-24 season, exports were entirely restricted due to domestic supply concerns.

Govt allows export of 1 mn tonnes sugar in ongoing 2024-25 season
Updated On : 21 Jan 2025 | 12:30 AM IST

India targets $250 bn of engineering exports by 2030, says Commerce Secy

The government's target of USD 1 trillion export includes USD 250 billion from the engineering sector, Commerce Secretary Sunil Barthwal said here on Sunday. The government has set a target to achieve USD 1 trillion export from India by 2030. "India is known for leather, textile and traditional sectors but engineering sector in India which includes automobiles, equipment etc is almost close to 25 per cent of the total exports. Tomorrow when India is looking at USD 1 trillion of exports, USD 250 billion of exports we are expecting from the engineering industry," Barthwal said. He was addressing a conference of construction equipment manufacturers. "This is the ambition that we have taken which is based on ground reality. It is based on the fact that how the middle class is growing, the government focus on infrastructure development within the country, focus on development of ports, airports, railway modernization, broadening of roads," Barthwal said. Secretary said that Prime Minis

India targets $250 bn of engineering exports by 2030, says Commerce Secy
Updated On : 19 Jan 2025 | 9:02 PM IST

Mahakumbh 2025 begins: Prayagraj set to see Rs 2 trillion in trade

Mahakumbh 2025 begins: Prayagraj is set to become the largest hub of religious economy in the world as 400 million devotees converge for the biggest religious event

Mahakumbh 2025 begins: Prayagraj set to see Rs 2 trillion in trade
Updated On : 13 Jan 2025 | 5:55 PM IST

Global air finance summit in Dublin to address jet shortages, trade risks

Ireland is home to the worldwide aircraft leasing industry, which controls about half the world's airline fleet

Global air finance summit in Dublin to address jet shortages, trade risks
Updated On : 13 Jan 2025 | 8:34 AM IST

Nepal to consider request to import specific dairy products from India

India has flagged concerns over the problems faced by its milk exporters in Nepal, with the neighbouring country agreeing to explore the possibility of facilitating imports of specific products like whey and cheese, an official statement said on Sunday. The matter came up for discussions during the meeting of the India-Nepal Inter-Governmental Committee (IGC) on Trade, Transit, and Cooperation to Combat Unauthorised Trade, which was held in Kathmandu from January 10-11. "The Indian side highlighted the problems faced in milk exports to Nepal. The Nepali side agreed to consider the request of the Indian side positively for milk products not adequately produced in Nepal such as whey and cheese," the commerce ministry said. The two sides have also discussed a review of the Treaty of Transit and the Treaty of Trade and proposed amendments of the existing agreements, harmonisation of standards and the development of trade infrastructure, including the electrification of the Raxaul-Birgun

Nepal to consider request to import specific dairy products from India
Updated On : 12 Jan 2025 | 8:08 PM IST

Industry seeks extension of RoDTEP scheme to SEZs, EOUs till Sep-end

Currently, the RoDTEP scheme for exports from the domestic tariff area (DTA) or the domestic market is in place until September 30

Industry seeks extension of RoDTEP scheme to SEZs, EOUs till Sep-end
Updated On : 06 Jan 2025 | 10:57 PM IST

Dabur expects muted revenue growth in Q3; Marico upbeat on top line growth

The maker of Hajmola candy and Real fruit juice said rural consumption continued to be resilient and grow faster than urban in the third quarter

Dabur expects muted revenue growth in Q3; Marico upbeat on top line growth
Updated On : 03 Jan 2025 | 11:19 PM IST

Looking at resuming crude oil supply to India, expanding trade basket: Iran

Iran is looking at ways to resume supplying crude oil to India and is keen on expanding the overall trade basket including in the petro-chemical sector through the strategically-located Chabahar port, a senior Iranian official said on Thursday. Tehran is also keen to expand counter-terror cooperation with India as the possibility of rise in the terrorist activities looming large over West Asia in view of the fragile situation in the region, especially in Syria, he said. The senior Iranian official told a group of journalists that the incoming Donald Trump administration is unlikely to be similar to that of his first term towards Tehran as the global geopolitics have undergone significant changes with China increasing its strategic heft. In his first term as the US president, Trump tightened the noose of sanctions on Iran, eyeing over 80 per cent of the country's economy and even ended Washington's participation in the 2015 nuclear deal with Tehran. On the overall situation in West

Looking at resuming crude oil supply to India, expanding trade basket: Iran
Updated On : 02 Jan 2025 | 10:54 PM IST

Wait for NAV and price on exchange to converge before investing

Indian fund houses have cumulatively hit the investment ceiling set by the Reserve Bank of India (RBI): $7 billion for overseas mutual fund (MF) investments

Wait for NAV and price on exchange to converge before investing
Updated On : 26 Dec 2024 | 10:41 PM IST

Modi's Kuwait trip first by an Indian PM in 43 yrs; focus on trade, defence

PM Modi will embark on a historic Kuwait visit, marking the first by an Indian PM in 43 years, aiming to boost ties in trade, energy, investment, and cultural exchanges

Modi's Kuwait trip first by an Indian PM in 43 yrs; focus on trade, defence
Updated On : 21 Dec 2024 | 9:27 AM IST

India doing sector-wise analysis amid Trump tariff threat: Report

Government ministries and departments are examining different scenarios after US President-elect Donald Trump's open threat to impose reciprocal tariffs on Indian goods

India doing sector-wise analysis amid Trump tariff threat: Report
Updated On : 19 Dec 2024 | 1:48 PM IST

Dissanayake's India visit marks positive shift in Sri Lanka's foreign ties

On Monday, statements from Mr Dissanayake assured India that he would not allow Sri Lankan territory to be used in a way that would be detrimental to India's interests

Dissanayake's India visit marks positive shift in Sri Lanka's foreign ties
Updated On : 17 Dec 2024 | 10:54 PM IST

17 direct selling firms face CCPA notices over alleged 'unfair practices'

Consumer protection regulator CCPA on Friday said it has issued notices to 17 direct selling firms, including Oriflame India, for alleged unfair trade practices and violations of consumer protection rules. The notices have been served on companies such as Vihaan Direct Selling India, Triptales Pvt Ltd, Oriens Global Marketing, Zennesa Wellness, and others for alleged service deficiencies and non-compliance with the Consumer Protection (Direct Selling) Rules, 2021. An official statement revealed that 13 of these cases are under investigation, while replies from three companies are still awaited. The action comes in response to concerns about deceptive practices in the direct selling industry. The ministry warned that some fraudulent entities are misusing the direct selling model to promote illegal pyramid or money circulation schemes. These companies often make unrealistic promises of high commissions, foreign trips, and entrepreneurship opportunities contingent on recruiting ...

17 direct selling firms face CCPA notices over alleged 'unfair practices'
Updated On : 13 Dec 2024 | 6:21 PM IST

India not re-considering joining mega trade agreement RCEP, says Goyal

India in 2019 decided not to join the mega free trade agreement RCEP as the pact was not addressing its concerns and since then there has been no change in that position, Commerce and Industry Minister Piyush Goyal said on Friday. The RCEP (Regional Comprehensive Economic Partnership) agreement is being negotiated among 10 ASEAN members (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam) and their six free-trade pact partners Australia, China, India, Japan, South Korea and New Zealand. In a written reply to the Rajya Sabha, Goyal said that the structure of RCEP did not adequately address the ambitions and concerns of India's stakeholders. Due to that, India decided not to join the bloc, in its current form. Accordingly, during the third RCEP Leaders Summit held on November 4, 2019, in Bangkok, India conveyed its position that current structure of RCEP did not address the outstanding issues and concerns of the country. "There ha

India not re-considering joining mega trade agreement RCEP, says Goyal
Updated On : 06 Dec 2024 | 7:16 PM IST

India eyes opportunity in US-China trade war under Trump's presidency

Govt identifies electronics, pharma, textiles, auto parts, and chemicals as sectors primed to benefit

India eyes opportunity in US-China trade war under Trump's presidency
Updated On : 04 Dec 2024 | 11:55 PM IST

Why Trump's tariff threat over Brics currency may be false alarm

While there is a strong case for tariff reduction, India must be prepared to engage with the US establishment more actively to present its position

Why Trump's tariff threat over Brics currency may be false alarm
Updated On : 04 Dec 2024 | 11:10 PM IST

Sustainability measures in trade adding to economic uncertainties: Govt

FTAs need to take a holistic view of the commercial significance they hold for the country and emphasise the importance of looking at goods, services, and investment together

Sustainability measures in trade adding to economic uncertainties: Govt
Updated On : 04 Dec 2024 | 12:16 AM IST

Longer ship routes causing delays, impacting global trade: Piyush Goyal

The long voyage time due to ships taking longer routes through Cape of Good Hope has impacted global trade, including Indian exports, Commerce and Industry Minister Piyush Goyal said on Tuesday. This has resulted in increased time for goods to reach international markets, he said. "No shortage of containers has been, however, reported on account of the longer voyage time or the Red Sea conflicts issues and Russia-Ukraine War," the minister said adding regular interactions are done with shipping lines, port/ terminal, and export/import associations to assess for possible interventions. He added that there is limited demand for containers manufactured in India and accordingly the limited manufacturing capacity for containers in India. The container manufacturing industry is dominated by economies of scale that favour established manufacturers from other countries, who benefit from lower production costs, advanced technologies, and immediate cargo loading opportunities. "The long voy

Longer ship routes causing delays, impacting global trade: Piyush Goyal
Updated On : 03 Dec 2024 | 8:44 PM IST

Sustainability playing important role in global trade discussions: Official

New elements related to sustainability, inclusivity and security are now playing an important role in global trade discussions and they would dictate the future talks, a senior official said on Tuesday. Additional Secretary in the Department of Commerce L Satya Srinivas also emphasised on the importance of adopting a holistic perspective on the commercial significance of free trade agreements (FTAs) for the country. "On the plate of trade, there are vast new dimensions getting added...How do we deal with those new dimensions...These new regulations and new focus areas of present will dictate our trajectory towards the future," he said at CII's Partnership Summit here. Earlier in trade discussions, the main issues which used to figure included reduction or removal of customs duties and non-tariff barriers. In addition to these, now "new dimensions are coming into the trade play which is sustainability and security induced," he said, adding these issues like environment and labour ar

Sustainability playing important role in global trade discussions: Official
Updated On : 03 Dec 2024 | 7:33 PM IST