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Marco Rubio has begun a two-day India visit focused on finalising the India-US trade deal and discussions over Russian oil purchases.
Marco Rubio has begun a two-day India visit focused on finalising the India-US trade deal and discussions over Russian oil purchases.
Trump’s Russia-related sanctions waiver has eased immediate risks for Indian exporters and helped preserve access to competitively priced Russian crude.
The Commerce Ministry has held an FTA outreach programme in Jaipur to help exporters convert preferential market access into new overseas business opportunities.
India's Exports to US Jump 11.11% to $50.81 Billion in April-September Despite 50% Tariffs
The first phase of the India-US trade pact has been finalised and is under legal drafting, with India seeking preferential market access and tariff stability.
India’s merchandise exports jumped 23.04% in September to $44.4 billion, while the trade deficit narrowed year-on-year to $30.21 billion.
India’s edible oil imports fell 7% in September to 15.44 lakh tonnes, led by a sharp decline in crude sunflower oil shipments.
India and Canada will hold the next round of CEPA negotiations in early November, with both sides targeting completion of the trade pact by year-end.
India’s trade deficit with China widened to $105.93 billion in the first nine months of 2026 despite a 40.7% rise in Indian exports.
India and the US will finalise their interim trade pact framework after taking changed circumstances and the evolving tariff environment into account.
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