New Delhi, May 2 (IANS) India’s auto sector saw a demand‑led but uneven recovery in FY26, driven by urban market demand and premiumisation while rural demand saw some headwinds, a new report has said.The report from Deloitte India said two‑wheelers led the recovery, with wholesale volumes up 10.7 per cent year‑on‑year and retail sales rising 13.4 per cent.Passenger vehicles continued the premiumisation trend, with mid-size entry segments gaining share and traditional entry-level segmen…
Latest India-EU News & Updates
New Delhi, May 1 (IANS) Union Minister of Commerce & Industry Piyush Goyal on Friday informed about a virtual interaction with UK Secretary of State for Business and Trade Peter Kyle to deepen bilateral trade and investment ties.Both leaders explored ways to enhance trade & investment ties, while fully leveraging the India‑UK Comprehensive Economic and Trade Agreement (CETA), the minister said in a social media post.In the previous week, Piyush Goyal had emphasised the importance of a …
New Delhi, Feb 6 (IANS) The recently concluded India-EU free trade agreement (FTA) and the prospective India-US trade deal, along with several other trade agreements, will support exports over the medium-term, RBI Governor Sanjay Malhotra said on Friday.Services exports should remain resilient, he said during the RBI MPC meeting which kept the key policy rate unchanged.However, “the spillovers emanating from geopolitical tensions, volatility in international financial markets and shifting trad…
New Delhi, Jan 27 (IANS) Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises, on Tuesday said that in a changing global economic order, the India-EU free trade agreement sends a powerful signal of trust, stability, and long-term partnership.In a statement, Mittal said the signing of the India-EU FTA reflects the decisive leadership and strategic resolve of Prime Minister Narendra Modi and the European political leadership in strengthening the India–EU partnership.“I am confident th…
New Delhi, Jan 24 (IANS) The textiles sector in India has seen tremendous growth in the last decade — from Rs 8.4 lakh crore in 2014 to around Rs 16 lakh crore today, becoming one of the biggest platforms for generating employment, according to the government.Textiles Minister Giriraj Singh said the domestic market also increased from Rs 6 lakh crore to Rs 13 lakh crore in 2025, while the country’s exports also witnessed over 25 per cent rise post-pandemic.Addressing the 74th Edition of Indi…
New Delhi, Jan 14 (IANS) Germany’s Chancellor Friedrich Merz has used his first official visit to India to signal that Berlin now sees New Delhi as a central partner for trade, technology and security in an increasingly fractured world order. Spread over two days in Ahmedabad and Bengaluru, the visit combined high symbolism with a dense agenda on defence, green transition, mobility and a long‑pending India–EU trade deal, according to an article in India Narrative.Prime Minister Narendra Mo…
Luxembourg City, Jan 6 (IANS) External Affairs Minister (EAM) S Jaishankar called on Luxembourg Prime Minister Luc Frieden on Tuesday, conveying warm greetings of Prime Minister Narendra Modi and discussing growing cooperation in financial services, investments, technology and innovation between both nations. “Pleased to meet Prime Minister Luc Frieden of Luxembourg this morning. Conveyed warm greetings of PM Narendra Modi. Discussed our growing cooperation in financial services, investments, te…