New Delhi, March 26 (IANS) Strong domestic consumption and rising investments are expected to help India maintain GDP growth above 7 per cent in the next financial year 2026–27, a report said on Thursday.The data compiled by Assocham noted that India’s GDP is expected to grow by 7.6 per cent in the financial year 2025-26, with growth likely to stay above 7 per cent in FY27 as well.This steady performance comes even as global economic conditions remain uncertain due to geopolitical tensions, …
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New Delhi, Feb 24 (IANS) The negotiations for the proposed free trade agreement between India and the Gulf Cooperation Council (GCC) were formally launched here on Tuesday with the signing of a joint statement by Commerce and Industry Minister Piyush Goyal and GCC Secretary General Jasem Mohamed Al-Budaiwi.”Amidst global uncertainties, it is most opportune that discussions are starting on negotiating a robust trading arrangement which would harness mutual synergies and complementarities,” Goyal …
New Delhi, Feb 16 (IANS) The 6.15 per cent growth in overall exports during April-January 2025-26 is a positive and reassuring indicator of the inherent strength and competitiveness of Indian industry, the Federation of Indian Export Organisations (FIEO) said on Saturday.India’s overall exports during the period rose to $720.76 billion, as compared to $679.02 billion in the corresponding period of the previous fiscal.Merchandise exports stood at $366.63 billion, registering a growth of 2.20 pe…
New Delhi, Feb 15 (IANS) The India-UK free trade agreement is likely to come into effect from April this year, paving the way for an increase in Indian exports to the European nation, according to a senior official on Sunday. The agreement was signed between the two countries in July last year and has to be now approved by the UK Parliament for it to come into effect.The process has already started with the debate on the Free Trade Agreement (FTA) having begun in the both Houses of the British P…
New Delhi, Feb 7 (IANS) When US President Donald Trump officially confirmed the much-awaited bilateral trade deal, immediately reducing American tariffs on Indian goods from 25 to 18 per cent, and Prime Minister Narendra Modi corroborated, there was a mixed reaction. And Saturday, even before India woke up, the news had broken of an US-India Joint Statement announcing an Interim Agreement.The framework will lead to the broader US-India Bilateral Trade Agreement (BTA) negotiations, launched by Pr…
New Delhi, Feb 7 (IANS) Although full details are yet to emerge, the interim India-US trade deal framework indicates that India has received ‘best deal’ from the United States compared to others, including all its neighbours.The trade deal unlocks the power of two large democracies working together for the shared prosperity of their people, giving unprecedented opportunities for farmers, MSMEs, entrepreneurs, and skilled workers.The uniform 18 per cent rate gives India an edge over several c…
New Delhi, Feb 5 (IANS) India and the Gulf Cooperation Council on Thursday signed the Terms of Reference to guide the negotiations for the India-GCC Free Trade Agreement (FTA) The Terms of Reference (ToR), which will define the scope and modalities of the talks, were signed between Additional Secretary and Chief Negotiator, Department of Commerce, Ajay Bhadoo, and the GCC Secretariat General’s Chief Negotiator, Dr Raja Al Marzouqi, at the Vanijya Bhawan in the presence of Commerce and Industry M…
New Delhi, Feb 4 (IANS) The Union Budget 2026–27 prioritised durable growth, fiscal prudence and execution certainty over short‑term market appeasement, a report said on Wednesday.The report from PL Wealth, the wealth management arm of PL Capital, said the medium‑term outlook remains constructive for infrastructure, capital goods, defence, logistics, manufacturing and select export‑oriented sectors such as engineering goods, textiles and gems and jewellery.The equities may see near‑ter…
New Delhi, Feb 3 (IANS) The reduction of US tariffs on India effectively takes India’s rate below most ASEAN peers and puts it at an advantageous position compared to China, a report showed on Tuesday.US President Donald Trump announced that the US and India had agreed on a trade deal, under which reciprocal tariffs on India will be lowered to 18 per cent from 25 per cent earlier.There was no explicit mention of how the additional punitive tariff of 25 per cent (due to Russian oil purchases) w…
New Delhi, Feb 3 (IANS) Commerce and Industry Minister Piyush Goyal said on Tuesday that the trade deal finalised by Prime Minister Narendra Modi with the US is the best among the neighbouring countries and will protect the interests of the country’s farmers, the dairy sector, and fishermen.Addressing a press conference, he said that the Prime Minister had used his friendship with US President Donald Trump to clinch a very good deal for India, giving priority to national interest.The trade deal …