America very close to finalising trade deal with India: Marco Rubio

US very close to finalising trade deal with India, says Marco Rubio

US Secretary of State Marco Rubio said on Monday that Washington is close to finalising a trade deal with India. He said the US considers various factors, including ongoing trade negotiations, while m

Exporters may be asked to monitor supply chains' indirect emissions

The Indian government is engaging in discussions about measuring Scope 3 emissions for exporters. This consideration arises as trade partners impose tighter green requirements globally. Current framew

Farmers face 15% loss as poultry feed costs surge

Poultry farmers are currently experiencing losses of approximately 15% due to rising livestock feed costs. Key ingredients have seen price increases of up to 75%, affecting farmers' ability to cope. D

Global investors against use of judicial anti-avoidance rule by tax officials

International investors have raised concerns regarding the Indian Income-tax authorities' invocation of the judicial anti-avoidance rule. At a recent meeting, investors communicated their issues with

India's exports rise across geographies; Africa, ASEAN lead growth in Apr-Aug

India's merchandise exports increased significantly across different regions from April to August this fiscal year. Exports to Africa saw a notable rise of 47 percent, reaching USD 26.19 billion. The

Faster services imports threaten to erode cushion against India’s goods trade deficit: Report

India's services trade surplus has declined as imports grew faster than exports, leading to concerns about foreign exchange earnings. In September 2026, net services exports fell by 10 percent to USD

India needs policy credibility and continuity to sustain FDI as strong growth alone is not enough, says KIEP expert

India needs to maintain policy credibility and continuity to sustain foreign investment inflows, as strong economic growth alone may not be enough to reassure global investors about the country's long

What is holding up the US-India trade deal?

US Secretary of State Marco Rubio will visit India next week to strengthen bilateral relations and discuss trade issues. His meetings will take place in Mumbai and Jamnagar, focusing on investment and

'India an important ally': Rubio says Trump studying effects of tariffs on countries like India

India’s soybean output seen falling 2.1% to 107.93 lakh tonnes in Kharif 2026: Farmers' body

India's soybean production forecast indicates a slight decline to 107.93 lakh tonnes during the ongoing Kharif season. Drought-like conditions in Maharashtra, Karnataka, and Telangana are contributing

'India an important ally': Rubio says Trump weighing impact of Russia-related tariffs

US Secretary of State Marco Rubio stated that India's energy requirements will be considered before possible sanctions on Russian oil. President Donald Trump recently waived certain provisions of a pr

Christmas cheer, but caution remains: Exporters welcome US tariff relief, keep diversification plans

US President Donald Trump’s decision to waive proposed tariffs of up to 100% on buyers of Russian oil has eased uncertainty for Indian exporters ahead of the crucial Christmas shipping season. Howev

India notifies first tariff cuts under New Zealand FTA

India will implement duty concessions for certain imports from New Zealand starting October 20, under a new FTA. The concessions include zero basic customs duty for sheep meat and specific rates for f

Commerce Ministry organizes “Leveraging FTAs” outreach program in Jaipur to boost exports

The Commerce Ministry organized an outreach event in Jaipur, targeting exporters to clarify the use of benefits provided by India's free trade agreements. This initiative aims to translate preferentia

Rs 3,600 crore business enquiries at 5-day handicraft fair

Over 7,300 buyers participated in the 62nd IHGF Delhi Fair held from October 13 to 17. Business enquiries at the fair totaled Rs 3,600 crore, demonstrating strong international interest. Buyers from 1

US' Russia sanction waiver a relief for India's exporters, energy security: Experts

The waiver of sanctions under the Sanctioning Russia and Iran Act provides relief for India's energy security. Experts believe that continued access to Russian crude will support economic growth and e

Who will pay for today's optimism if AI goes wrong? CEA Anantha Nageswaran answers

Chief Economic Adviser Anantha Nageswaran raised concerns over the financial risks linked to artificial intelligence. He stated that finance ministries, central banks, and households could face costs

Trump’s 100% Russian oil tariff U-turn has a catch India can’t ignore

GTRI has warned that Donald Trump’s waiver of threatened 100% tariffs on Russian oil buyers offers India only temporary relief, as Washington can reinstate the duties at any time. The think tank cit

India notifies first New Zealand FTA duty cuts; sheep meat gets zero duty, kiwi fruit at 15%

India has notified the first set of customs duty concessions for imports from New Zealand under their free trade agreement, effective October 20. The preferential rates cover products such as wine, ma

‘For global trade’s sake, hope our US deal is inked soon’: FM Nirmala Sitharaman

Nirmala Sitharaman expressed optimism regarding the speedy conclusion of the India-US trade agreement during her recent interaction. She highlighted challenges in trade relations with China due to non

No meddling as 'middlemen' in forex conversion by banks: New rules forbid conversion of foreign earnings into rupees to detriment of exporters

The Foreign Exchange Dealers' Association of India (FEDAI) has directed banks not to convert foreign currency remittances into rupees without specific instructions from the sender or beneficiary. The

Government approves Rs 1,195 crore for ITI cluster modernisation

With these approvals, the cumulative investment approved under the scheme has reached ₹3,687 crore to date to help transform ITIs into modern, industry-aligned and future-ready skill institutions.

India should become a tech-creator rather than tech-user nation: Niti Aayog vice-chairman Ashok Lahiri

Niti Aayog vice-chairman Ashok Lahiri stressed the need for rapid economic reforms and structural changes to help India become a developed nation by 2047. "Technological progress is needed to compete

'India needs 8-9% growth to become a developed nation by 2047'

India aims to become a $30 trillion economy by 2047, from its current size of around $4 trillion. The country's gross domestic product (GDP) grew 7.8% in the June quarter, exceeding expectations.

White House lists investment over $330 billion in US from India

The White House announced investments of over $330 billion from India as part of total investments. This total is reported as $10.871 trillion from various countries and private industries. Specific i

Nirmala Sitharaman pitches for public, private capital to build financially sustainable cities

Finance Minister Nirmala Sitharaman highlighted the importance of creating sustainably investable cities in India. She proposed a combination of public investment alongside private capital to achieve

China says ready to address each other's concerns after Sitharaman flags trade barriers

China said it was ready to work with India to allay its concerns of rising trade imbalance. Finance Minister Nirmala Sitharaman said the trade imbalance was due to China's restrictions in market acces

National highway projects awarded rise 62.9% during April-Sept: MoSPI

National highway projects awarded experienced a 62.9% increase in distance during the April-September period. Electronic toll collection transactions also rose significantly, indicating increased digi

India's forex reserves shed $60 billion in six weeks as RBI steps in to support rupee, one of Asia's worst-performing currencies this year

India’s foreign exchange reserves declined by nearly $60 billion in six weeks to $726.027 billion as of October 9, from a record high of $785.706 billion on September 4. The fall was largely attribu

India needs to leverage FTAs, export promotion mission initiatives to boost shipments: CII's Budhia

Indian businesses are encouraged to utilise free trade agreements and the export promotion mission for expansion. Recent data shows that India’s merchandise exports have increased significantly over

India to reach 100 billion dollar of bilateral trade with Russia by 2030: Ambassador Vinay Kumar

India is pursuing negotiations for a Free Trade Agreement with the Eurasian Economic Union to increase exports. Indian Ambassador to Russia Vinay Kumar stated that bilateral trade is projected to reac

India's forex reserves drop by $8.58 billion to $726.03 billion in week ended October 9: RBI

India’s foreign exchange reserves fell by $8.578 billion to $726.027 billion in the week ended October 9, according to data released by the Reserve Bank of India (RBI). The decline followed a $12.95

Ladakh’s infrastructure plan: 5 projects worth ₹3,350 cr to boost air connectivity, roads, tourism

MoSPI conducting new surveys to improve economic data: Secretary Saurabh Garg

MoSPI is conducting new surveys, including one on cooperatives, to improve India's economic data, Secretary Saurabh Garg said. He expressed confidence in the country's growth trajectory after GDP expa

Dr Doom, who predicted global financial crisis, has a forecast for India

Economist Nouriel Roubini, known as “Dr Doom” for predicting the 2008 Global Financial Crisis, sees India emerging as a major growth story over the coming decades. He believes easing US tariffs, d

The $50-billion question: Who gets what as India and Canada aim to strike a trade deal?

India and Canada are currently negotiating a free trade agreement designed to enhance bilateral trade significantly. Nearly 300 Canadian business delegates are visiting India to advance these discussi

India’s digital public infrastructure among world’s 10 most effective reforms: Report

India's Digital Public Infrastructure has been recognized as one of the top ten effective reforms globally. This infrastructure, particularly Aadhaar and the Unified Payments Interface, supports finan

India wants to promote rupee trade settlement to help partner facing hard currency shortage: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said India is promoting rupee and local-currency trade settlements to help countries facing hard-currency shortages continue importing essential goods. She said geo

India, Canada sign commercial deals as both aim to seal trade pact by 2026

India and Canada have signed commercial agreements aimed at strengthening trade relations and enhancing economic cooperation. Minister of International Trade Maninder Sidhu emphasized collaboration op

India's GDP to grow 7.1-7.3% in FY27 as private investment gains momentum: Deloitte

In the fiscal year 2026-27, India's economy is expected to see growth ranging from 7.1 to 7.3 percent, fueled by a recovery in private investments coupled with enhanced business dynamics. For the past

India-US trade pact would be concluded at earliest, in interest of global trade: FM Sitharaman

In a promising update on the India-US trade agreement, Nirmala Sitharaman indicated that negotiations are progressing well, with Commerce Minister Piyush Goyal mentioning that legal drafting for the i

China's trade barriers biggest hurdle in bilateral ties, says Nirmala Sitharaman; flags $100 billion deficit

Nirmala Sitharaman has identified China's constraints on Indian exports as a crucial hindrance to trade advancement. The finance minister reported a staggering trade deficit exceeding $100 billion wit

'India's dynamic market': Canada Trade Minister Sidhu highlights opportunities for Canadian firms

Canadian International Trade Minister Maninder Sidhu has highlighted opportunities for Canadian companies in India's "dynamic market", identifying artificial intelligence, quantum computing, aviation

Indian rice export prices hit over 1 year high on stronger rupee, crop supply concerns

Asian rice export prices have risen as Indian rates reach a one-year high amid supply concerns. Vietnamese prices are also increasing, expected to meet strong demand from the Philippines in November.

India-US trade pact in last leg of legal drafting, says Piyush Goyal

India is currently in the final stages of legal drafting for a trade agreement with the US, which is expected to be operational soon. The agreement, following sessions with US trade representatives, a

India's September goods exports rise 23% as imports hit six-month low, narrowing trade deficit

India's goods exports surged by 23% in September, totaling $44.4 billion, supported by significant gains in electronics, petroleum, and engineering goods. At the same time, imports rose by only 8%, le

Markets will push the US to act constructively: Nouriel Roubini

Nouriel Roubini highlighted the significance of India's emerging economy during a recent event in Dubai. As the US seeks a constructive trade relationship with India, economic pressure is expected to

India’s manufacturing growth opens new investment opportunities: Trifecta Capital co-founder Rahul Khanna

India's manufacturing sector is expanding, which is leading to investment opportunities in various industries and defence. Trifecta Capital's co-founder highlighted the rise of trusted economies, with

India's current account deficit narrows to $5.2 billion in August as capital account surplus hits $50.6 billion

India's current account deficit narrowed to $5.2 billion in August, compared to $6.1 billion a year earlier. The capital account surplus increased substantially to $50.6 billion, influenced by non-res