Economy
India’s sugar mills are expected to miss their government-mandated export quota for the 2024–25 season, shipping only around 775,000 metric tons against the allocated 1 million tons. The shortfall is attributed to a surge in global sugar supplies from Brazil, which has driven international prices to a four-year low, making Indian shipments less competitive in…
Union Commerce and Industry Minister Piyush Goyal is expected to travel to Washington in the next few days to advance negotiations on the proposed India-US Bilateral Trade Agreement (BTA), according to senior government sources. The visit follows a seven-hour meeting held in New Delhi on September 16 between US Chief Negotiator Brendan Lynch and Indian…
India and the United Arab Emirates (UAE) have announced an ambitious plan to double their bilateral trade in non-oil and non-precious metal sectors to $100 billion by 2028. The announcement was made during the 13th India–UAE High-Level Joint Task Force on Investments held in Abu Dhabi, co-chaired by Commerce and Industry Minister Piyush Goyal and…
India’s Chief Economic Advisor (CEA) V. Anantha Nageswaran has signaled a potential breakthrough in the ongoing trade dispute with the United States, suggesting that the additional 25% export duty imposed on Indian goods could be withdrawn within the next 8 to 10 weeks. Speaking at industry events in Kolkata, Nageswaran expressed cautious optimism, stating that…
India is intensifying its push for tariff reductions on key labour-intensive sectors—textiles, leather goods, and gems & jewellery—as part of the ongoing negotiations for a free trade agreement (FTA) with the European Union. The 13th round of talks, held from September 8–12 in New Delhi, saw significant convergence on multiple issues, with both sides aiming…
In a bold move to empower its small and medium enterprises (SMEs), India is preparing to overhaul its export policy framework, aiming to unlock global markets and streamline international trade for millions of domestic sellers. The initiative, led by the Directorate General of Foreign Trade (DGFT), comes at a time when global trade dynamics are…
India, the world’s second-largest sugar producer, is poised to resume sugar exports from October 2025, thanks to a robust surge in sugarcane output and an aggressive ethanol blending program. The Indian Sugar and Bio-energy Manufacturers Association (ISMA) has projected an 18% rise in sugar production for the 2025–26 season, creating a surplus that could allow…
In a strategic move aimed at reshaping the global rare earth supply chain, India is reportedly exploring a rare earth mineral partnership with Myanmar to counter China’s near-total dominance in the sector. According to recent reports, the Indian government has initiated efforts to secure rare earth samples from mines in northeastern Myanmar, particularly those under…
Union Commerce and Industry Minister Piyush Goyal has issued a stern warning to India’s steel industry, urging it to prioritize domestic suppliers and avoid the pitfalls of overdependence on imports. Speaking at the Indian Steel Association’s annual Steel Conclave on September 9, 2025, Goyal criticized the sector for failing to support the indigenous metallurgical coke…
Despite mounting global trade tensions and aggressive tariff regimes, India’s economic growth remains robust, according to a recent report by SBI Capital Markets. Titled “Tariffs Are Made in the USA, But Resilience Is Made in India,” the report highlights how domestic consumption, government spending, and strategic alliances are helping India weather the storm of global…
