March 2, 2026
Headlines

Economy

Economy

Nothing 5

India-EFTA TEPA deal unlocks wider market access: Coffee, textiles, processed foods, and electronics among top gainers

Business News Desk24 mins mins

India’s landmark Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) bloc—comprising Switzerland, Norway, Iceland, and Liechtenstein—has officially come into force, unlocking significant market access for Indian exporters across high-income European economies. The pact, signed in March 2024 and operational from October 1, 2025, is expected to attract $100 billion in…

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Moody’s sees limited tariff impact on India, projects 6.5% GDP growth for FY26 amid global headwinds

Business News Desk04 mins mins

Global rating agency Moody’s Investors Service has projected India’s GDP growth at 6.5% for the financial year 2025–26, citing strong domestic demand and resilient macro fundamentals, even as global trade tensions and tariff pressures loom. In its latest economic outlook released on September 29, 2025, Moody’s said that while recent tariff actions by the United…

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‘Not weak…’: Investment banker debunks myths about India’s manufacturing with data-backed gains in mobile, defense, pharma

Business News Desk04 mins mins

India’s manufacturing sector is not weak—it’s quietly powering a transformation across strategic industries, from mobile phones and defense equipment to pharmaceuticals and renewable energy. That’s the message investment banker Sarthak Ahuja delivered in a viral LinkedIn post that’s now sparking national debate and reshaping perceptions of India’s industrial capabilities. “A lot of people think India…

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Nothing 25 1

India likely to impose $125/tonne anti-dumping duty on met coke imports in October to protect domestic producers

Business News Desk04 mins mins

India is poised to announce a $125 per tonne anti-dumping duty on imports of metallurgical coke (met coke) as early as October 2025, in a move aimed at shielding domestic manufacturers from aggressive undercutting by foreign suppliers. The decision, currently under final review by the Directorate General of Trade Remedies (DGTR), follows months of lobbying…

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India-US trade deal gains momentum after Piyush Goyal’s high-level delegation visit: Key breakthroughs and unresolved issues

Business News Desk04 mins mins

India’s long-pending trade deal with the United States may finally be back on track, following Union Commerce and Industry Minister Piyush Goyal’s strategic two-day visit to Washington DC and New York. The high-level delegation, which concluded its meetings on September 26, 2025, held intensive discussions with US Trade Representative Katherine Tai, Commerce Secretary Gina Raimondo,…

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India must prepare for ethanol exports, says Nitin Gadkari amid rising global demand and surplus production

Business News Desk03 mins mins

Union Minister for Road Transport and Highways Nitin Gadkari has called on India to actively gear up for ethanol exports, citing the country’s growing production capacity and the global shift towards biofuels. Speaking at a national energy summit in New Delhi on September 24, 2025, Gadkari emphasized that India’s ethanol economy is now robust enough…

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India eyes strategic reset in Japan trade pact with focus on rice exports, investment flows and tariff parity

Business News Desk04 mins mins

India is preparing to renegotiate its Comprehensive Economic Partnership Agreement (CEPA) with Japan, aiming to unlock greater market access for agricultural exports—particularly rice—and streamline investment flows between the two economies. The move comes amid growing calls from Indian exporters and trade bodies to address asymmetries in tariff structures and non-tariff barriers that have limited India’s…

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India’s core sector expands 6.3% in August, driven by coal, electricity and steel output

Business News Desk24 mins mins

India’s eight core industries posted a robust 6.3% year-on-year growth in August 2025, signaling continued momentum in the country’s industrial recovery. The latest data released by the Ministry of Commerce and Industry shows that coal, electricity, steel and natural gas were the key drivers of this expansion, offsetting slower growth in crude oil and fertilizers….

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