US President Donald Trump’s decision to impose a 26% reciprocal tariff on Indian imports poses a downside risk of 30–60 basis points to India’s FY26 growth projection of 6.5%, according to an analysis by Morgan Stanley. The impact is expected to stem from both direct and indirect channels. The United...
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 reported a record high merchandise trade deficit of US$ 37.84 billion in November 2024, up from US$ 27.14 billion the previous month, driven by an uncertain global environment, soaring gold imports, and falling oil prices. The country’s services exports, however, remained a bright spot. While services exports reached a...
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
