Highlights imports of manufacturing-related items in the last financial year 2025-26 Government Plans Major Push for Domestic Manufacturing Amid West Asia Crisis IBT CORRESPONDENT: Like during the COVID-19 pandemic, the government is preparing to turn the West Asia crisis into an opportunity. Similar to the Production Linked Incentive (PLI) scheme,...
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...
Important Points New Delhi: The Central Government has dismissed reports and social media claims suggesting that it plans to monetise gold held by temples and religious institutions across the country. In an official clarification issued by Press Information Bureau, the government described such reports as “false, misleading, and completely baseless.”...
India is likely to continue exporting seafood to the EU after 2026.The EU recognised India’s improved food safety and monitoring systems.Seafood exports to the EU are worth over US$ 1.5 billion.Farmed shrimp remains India’s biggest seafood export to Europe.The decision is expected to boost jobs, exports and foreign exchange earnings....
In today’s US$ 3 trillion global digital economy, data is as valuable as the goods shipped across borders. With over 60% of cross-border trade involving personal data, the risk of misuse and breaches is higher than ever. To address this, the EU introduced the General Data Protection Regulation (GDPR) in...
India faces a major trade disruption after the US imposed a 50% tariff on Indian exports, threatening US$ 49 billion and heavily impacting sectors like carpets, apparel, gems, and made-ups. To mitigate risks, the government has rolled out a phased strategy: short-term measures include liquidity support, SEZ relaxations, GST rationalisation,...
India’s industrial production rose to a four-month high of 3.5% in July, driven by a strong showing from the manufacturing sector, according to official data released on Thursday. The last time the country recorded comparable growth was in March 2025, when industrial output increased by 3.9%. In contrast, factory output,...
WTO anticipates subdued global merchandise trade growth in 2025 and 2026, with President Trump’s new “reciprocal tariffs” offsetting some of the gains from an improved 2025 outlook. Trade is forecast to expand by 0.9% in 2025—up from April’s -0.2% estimate—driven by a surge in US imports ahead of tariff increases....
India’s Foreign Trade Policy 2023 marks a major leap toward digitized, efficient, and inclusive export governance. From same-day approvals and 24×7 customs clearance to AI-assisted trade monitoring and MSME-focused reforms, the policy redefines compliance with speed, transparency, and accessibility. By enabling E-Commerce Export Hubs, recognizing new Towns of Export Excellence,...
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...
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