New Delhi, Feb 3 (IANS) The India-US trade deal should help narrow the current account deficit, stabilise the rupee, and reduce India’s vulnerability to global shocks over time, a report showed on Tuesday.The US has decided to reduce the reciprocal tariff on Indian goods to 18 per cent from the earlier 50 per cent.The trade deal is structurally positive for India’s medium-term growth and external stability. Improved market access and tariff certainty are likely to boost exports, support manu…
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New Delhi, Feb 3 (IANS) The Federation of Indian Export Organisations (FIEO) on Tuesday hailed finalisation of the India-US trade deal, under which the United States has agreed to reduce tariffs on all ‘made in india’ products to 18 per cent, saying it marks a significant milestone in further boosting and strengthening bilateral trade relations between the two countries.Sectors such as engineering goods, textiles and apparel, pharmaceuticals, chemicals, leather products, gems and jewellery, and …
Chennai, Feb 3 (IANS) Tamil Nadu BJP spokesperson A.N.S. Prasad on Tuesday welcomed the landmark India-US trade understanding announced after a telephonic conversation between Prime Minister Narendra Modi and US President Donald Trump, describing it as a decisive moment that will reshape global trade dynamics and significantly strengthen bilateral relations between the world’s two largest democracies. In a statement, Prasad said the agreement to slash US tariffs on Indian goods — from levels …
New Delhi, Jan 1 (IANS) The Union Budget 2026 has made every necessary provision for maintaining the health of India, said Minister of State Anupriya Patel on Sunday.Speaking to IANS, Patel noted that the Budget, presented by Union Finance Minister Nirmala Sitharaman, laid special focus on health, pharma, and chemicals.“India has progressed on the path of self-reliance, and no sector is untouched by it today,” Patel said.Hailing the Biopharma Shakti Mission of Rs 10,000 crore, the MoS stated…
New Delhi, Jan 30 (IANS) India’s recent free trade agreements (FTAs) reflect a strategic shift from defensive trade policy toward a targeted, growth-driven approach, which is focused on partners where trade complementarities are already strong, logistics are efficient, and economic interests are aligned, an Australian media article said.In a decisive departure from earlier trade strategies, India is increasingly choosing partners where bilateral trade was already expanding and where agreements…
Washington, Jan 30 (IANS) A US congressional advisory panel will hold a public hearing next month to examine India’s ties with China and the United States and how those relationships shape the balance of power in the Indo-Pacific, according to a Federal Register notice.The US-China Economic and Security Review Commission said the hearing will be held in Washington on February 17, on the topic “India, China, and the Balance of Power in the Indo-Pacific.”According to the notice, the hearing …
Washington, Jan 29, (IANS) India remained among the United States’ key trading partners in November as the US trade deficit widened sharply, due to higher imports and a decline in exports, according to official data released on Thursday. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis said the U.S. goods and services trade deficit rose to $56.8 billion in November, nearly double the revised $29.2 billion recorded in October.A trade deficit occurs when a country imports more goo…
New Delhi, Jan 29 (IANS) Terming the EU–India Free Trade Agreement (FTA) “historic”, Sweden’s Ambassador to India Jan Thesleff said the pact reflects strong mutual confidence between India and the European Union and will unlock significant new opportunities for Swedish companies, particularly small and medium-sized enterprises (SMEs), in India and vice versa.In an exclusive interview to IANS, Thesleff said: “This is an agreement that truly shows the confidence India places in the European Un…
Vadodara, Jan 29 (IANS) The signing of the Free Trade Agreement (FTA) between India and the European Union (EU) has been welcomed by traders in Gujarat’s Vadodara, who see it as a positive development for domestic trade and exports. Business leaders believe the agreement will help Indian exporters access European markets while reducing the impact of rising global trade barriers.Ramesh Patel, Vadodara Trade Development Organisation President and Advisor to Confederation of All India Traders (CAIT…
New Delhi, Jan 29 (IANS) India’s steady rise as a key player in global trade is evident in its increasing share of both global merchandise exports and commercial services exports, said the Economic Survey 2025-26 released on Thursday.According to the WTO’s World Trade Statistics, between 2005 and 2024, India’s share of global merchandise exports has nearly doubled, rising from 1 per cent to 1.8 per cent.Similarly, its share in global commercial services exports has more than doubled, risin…