Government empowers authorities to prohibit imports made wholly or partly using forced labour. The move strengthens ethical trade standards and pushes importers to ensure responsible global sourcing. Highlights India has tightened its import regulations by prohibiting the import of goods produced using forced labour, marking a significant step towards promoting...
India’s beauty industry is at an inflection point, transforming rapidly with a surge in premium international imports reshaping consumer habits. The country’s beauty and personal care industry, valued at US$ 21 billion in 2023, is projected to grow to US$ 34 billion by 2028. Global beauty giants like L’Oréal, Estée...
India’s trade registered steady growth in July 2025, supported by robust sales to the United States and healthy performance across key sectors, according to provisional data released by the Ministry of Commerce & Industry,. Exports — both merchandise and services — grew to US$ 68.27 billion in July 2025, marking...
Despite geopolitical tensions and global trade disruptions, India’s exports showed resilience. The merchandise trade deficit narrowed to US$ 18.78 billion in June 2025 due to a sharp decline in imports, while services exports continued strong. However, merchandise exports slipped to a US$ 35.14 billion 9% lower than May 2025, according...
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,...
Despite global trade uncertainties and rising tariff concerns, the DHL Trade Atlas 2025 paints an optimistic picture—global trade is set to grow, and India is at the forefront of this expansion. Ranked third in absolute trade growth behind China and the U.S., India is rapidly emerging as a key player...
India’s merchandise trade deficit dropped to a three-and-a-half-year low of US$ 14.05 billion in February 2025, due to a sharp fall in imports, especially oil and gold. Imports declined 16.3% to US$ 50.96 billion, while exports fell 10.9% to US$ 36.91 billion. During the month, India saw a sharp decline...
India’s finished steel imports from China, South Korea, and Japan surged, turning the country into a net importer. Rising demand, fueled by infrastructure projects and urban expansion, contrasts with slow domestic supply growth. Imports from major Asian exporters soared, while India’s steel exports dropped to a seven-year low. The government...
India Business & Trade recently caught up with Andrey Grechkin, CEO of Dalreftrans, a subsidiary of FESCO Transportation Group. The discussion revolves around Dalreftrans’ role in facilitating trade between India and Russia, particularly focusing on perishable cargo. Grechkin sheds light on Dalreftrans’ expertise in refrigerated container transport and their position...
The contribution of MSMEs to India’s merchandise exports has shown a downward trend in recent years, even as their export value has demonstrated a noteworthy increase. Moreover the current slowdown in trade is expected to enhance their working capital requirements. Are these companies prepared? Image Source: Shutterstock Micro small and...
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