Highlights NEW DELHI — Inflationary pressures are hitting Indian households harder than ever. Already dealing with surging prices of daily essentials, vegetables, and edible oils, consumers faced a massive blow on Monday as petrol and diesel prices were hiked steeply yet again. This latest revision marks the fourth calculated price...
Highlights NEW DELHI — Amid escalating tensions in West Asia and mounting concerns over a widening current account deficit (CAD), the Prime Minister’s Office (PMO) has stepped in to safeguard India’s economy. The PMO has directed four crucial ministries to draft an urgent blueprint aimed at curbing fuel consumption and...
Global trade tensions have intensified following US President Donald Trump’s announcement of steep reciprocal tariffs on over 50 countries, including a 26% duty on Indian exports. Although a surprise 90-day reprieve has temporarily softened the blow, the move has raised alarms across markets, with analysts warning of lasting impacts on...
In January 2025, the U.S. welcomed Donald Trump as its 47th president. True to his promises, he announced sweeping tariffs on all steel and aluminum imports starting March 12, triggering global trade tensions. Mexico, Canada, and the EU condemned the move, while Japan and Australia sought exemptions. As uncertainty rises,...
India and the European Union (EU) have jointly urged the World Trade Organisation (WTO) to postpone the implementation of a ruling against India’s import duties on certain Information and Communication Technology (ICT) products until September 19, 2023. Image Source: WTO An interesting development has come up pertaining to the WTO...
India’s trade deficit reached a 20-month low in April, shrinking to US$ 15.2 billion. The decline in goods exports and imports can be attributed to lower commodity prices and weakened demand in Europe and the US. Exports of goods in April declined by 12.6%, marking the steepest fall since August...
Dr Badri Narayanan Gopalakrishnan, Fellow, NITI Aayog and Member, Committee for Advanced Trade Research, speaks in detail about the manner in which AI is transforming manufacturing and international trade. He also discusses how AI affects manufacturing competitiveness, labour demand, trade deficit and the global thrust towards self-reliance. Although India is...
The newly announced National Medical Devices Policy 2023 aims to help the medical devices sector grow from the present US$ 11 billion to US$ 50 billion by 2030. But can this address the persistent import dependence issues plaguing the medical devices sector, given the 12-15% disability factor that impacts its...
Trade Infrastructure for Export Scheme (TIES) is a scheme launched by the Government of India in 2017 with the aim of creating and upgrading infrastructure facilities for boosting exports. TIES is a scheme to assist Central and State Government agencies in creating appropriate infrastructure for the growth of exports. Under...
The new merchanting policy, as mentioned in the Foreign Trade Policy 2023, will now allow trade of restricted items without touching Indian shores. The tweak in policy will be beneficial to merchants, helping them access lucrative opportunities as well as conserve their business interests. Photo Source: Shutterstock New Delhi, April...
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