Union Minister of Commerce and Industry Shri Piyush Goyal today said that India has set a target of achieving exports worth 1 trillion dollars this year and 2 trillion dollars over the next five years, asserting that this would be the true hallmark of an Atmanirbhar Bharat. Addressing the website...
India’s bold move to expand its export outreach to 50 new markets marks a pivotal shift in its economic strategy, driven by the urgent need to counter the crippling impact of escalating US tariffs. As global trade dynamics evolve amid geopolitical tensions, this diversification effort underscores New Delhi’s determination to...
US tariffs on Indian exports—set at 25% and compounded by penalties related to India’s trade with Russia—are fueling heightened global trade tensions and triggering a critical economic debate. A comprehensive 25-page report by SBI report on US tarrifs reveals a stark contrast in the potential fallout for both nations. While...
In early 2025, global trade showed renewed strength, with the WTO’s goods barometer rising to 103.5, its highest since 2021, driven by increased imports ahead of expected U.S. tariffs. Export orders, however, declined, suggesting a potential slowdown later in the year. The WTO forecasted 2.7% growth under a low-tariff scenario,...
India is rapidly transforming its trade landscape through a robust set of trade facilitation reforms aimed at streamlining customs operations, reducing logistics costs, and enhancing its integration into global supply chains. With a strategic focus on digital infrastructure, customs simplification, and international trade partnerships, the country is positioning itself as...
At an informal WTO ministerial meet on the sidelines of the OECD gathering, India called for reviving the dispute settlement mechanism and addressing non-tariff barriers and distortions caused by non-market economies. Commerce Minister Piyush Goyal urged prioritizing mandated issues and strengthening the consensus-based approach and special treatment for developing nations....
With the US imposing steep tariffs and China tightening its grip on global supply chains, global trade is undergoing a major realignment. India, caught between these two powers, faces both challenges and opportunities. While China uses diplomacy, diversification, and logistics control to solidify its trade position, India must act fast—by...
Dr. Arpita Mukherjee, Professor at ICRIER, discusses the key challenges and opportunities in global food security, trade policies, and supply chain resilience. She highlights how disruptions like the COVID-19 pandemic and the Russia-Ukraine war have exposed vulnerabilities in global food supply chains. Emphasizing the need for policy stability, she critiques...
The Indo-Pacific Economic Framework (IPEF) for Prosperity has recently identified several key sectors under its supply chain resilience agreement, highlighting semiconductors, critical minerals, batteries, and chemicals as essential areas for collaboration among its 14 member countries, including India and the US. This strategic move is a decisive response to the...
World trade hit a record US$ 32 trillion in 2022, but growth turned negative in the closing months of 2022. A report by Geneva-based United Nations Conference on Trade and Development (UNCTAD), says that developing countries’ trade was particularly weak during the Quarter 4 of 2022. Inspite of the bleak...
India Business & Trade is a thought leadership initiative of the Trade Promotion Council of India, a premier trade promotion body recognised by the Department of Commerce, Government of India.
India Business & Trade
M-62, Saket, New Delhi-110064, India
Stay ahead in the dynamic world of trade and commerce with India Business & Trade’s weekly newsletter.
Copyright © 2026 India Business & Trade. All Rights Reserved
