Russia aims to establish joint ventures with Indian companies across engineering, IT, renewable power and shipbuilding. Both nations seek to boost non-energy trade and explore the Northern Sea Route for collaboration.
The government extends key export incentives to goods shipped via postal routes, easing compliance for small businesses and boosting e-commerce exports amid global trade uncertainty.
As geopolitical tensions rise, India and Germany are deepening their economic partnership through technology and sustainability initiatives during Chancellor Merz's visit.
The CBIC extends export incentives for small-scale exporters through the postal benefit framework, empowering them with easier access to government support.
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India's trade deficit expanded to $25 billion in December as imports jumped 9% to $63.6 billion, outpacing a modest export rise. Electronics, fertiliser, and silver drove imports, while exports saw growth in sectors like apparel and engineering.
Commerce Secretary Rajesh Agrawal announces India and the European Union are close to finalizing a trade agreement, with 20 out of 24 chapters closed. The deal may be announced at the India-EU Summit on January 27, while US trade negotiations continue.
India's basmati rice exports to Iran face uncertainty as Trump's proposed 25% tariff on countries trading with Iran creates payment risks. Iran is India's third-largest basmati market, worth $753 million in 2024-25.
The White House announced a 25% tariff on select AI semiconductors, labeling it a 'phase one' step to safeguard the sector, with potential further actions pending negotiations.
Taiwan pledges $250 billion investment in US semiconductor production, led by TSMC's Arizona expansion, in exchange for reduced tariffs on Taiwanese goods.
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The US and Taiwan sign a trade agreement lowering tariffs to 15% and securing $250 billion in tech investments. Meanwhile, Trump claims 'virtually no inflation' and threatens to invoke the Insurrection Act over Minnesota protests.
The White House describes new 25% tariffs on semiconductors as an initial step, with officials noting President Trump previously threatened 100% tariffs on foreign chips.
India and the EU have closed 20 of 24 chapters in trade talks, aiming for a deal before EU leaders visit India this month. Agriculture remains off the table.
Hotel owners in Ladakh are urging authorities to enhance connectivity and infrastructure to boost tourism and support the local economy in the region.
India's trade deficit increased to $25.04 billion in December 2024, driven by higher imports outpacing export growth. This marks a significant widening from previous months.
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Political turmoil in Iran creates uncertainty for Indian basmati rice exporters from Punjab and Haryana, with divided opinions on shipment and payment impacts.
The Gem & Jewellery Export Promotion Council urges tax reforms, including a Belgian-style carat tax and reduced import duties, to make India a global diamond trading hub like Antwerp and Dubai.
India's goods exports increased by 1.8% in December 2025, reaching $38.51 billion, despite high US tariffs. Strong growth in shipments to China and the UAE offset declines to the US.
East Central Railway introduces five Amrit Bharat Express trains connecting key routes like Howrah-Anand Vihar and Sealdah-Banaras, enhancing travel options with detailed schedules and stoppages.
Israel has proposed establishing a strong foundation for B2B and B2C collaboration with Mangaluru, focusing on technology, agriculture, and innovation to boost economic ties.
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Commerce Secretary Sunil Barthwal forecasts India's total exports will surge to $850 billion in 2025-26, driven by strong manufacturing and global demand.
India's merchandise exports to China soared 67.35% year-on-year to $2.04 billion in December, driven by electronics, marine and agricultural products. The trade deficit with China widened to $81.71 billion in April-December.
India's exports to China surged by 67.35% in December 2023, reaching $1.92 billion, driven by iron ore, cotton yarn, and chemicals, as per Commerce Ministry data.
India's smartphone exports soared to $18.8 billion from April to November this fiscal year, a 43.7% increase. The US remains the top market, with new growth in Slovakia, Israel, and South Korea.
India's merchandise exports to the US declined by 1.83% year-on-year to $6.88 billion in December 2025, impacted by higher American tariffs. Imports from the US rose 7.57% to $4.03 billion.
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India's exports to the United States declined by 1.83% to Rs 62 crore in December 2025. This drop comes as the US imposed a 50% tariff on Indian goods starting August 27, 2025. Both nations are currently negotiating a bilateral trade agreement to enhance
Indian Railways announces nine new Amrit Bharat Express trains to enhance long-distance connectivity across India. These affordable trains offer modern amenities and connect key destinations from the Northeast to South India.
Karnataka has successfully exported its GI-tagged bananas, betel leaves, and limes to the Maldives, boosting agricultural trade and showcasing premium produce.
The European Union confirms a January signing for its landmark free trade agreement with India, which excludes agriculture to protect Indian farmers and food security.
India's merchandise exports grew 1.87% to $38.5 billion in December 2025, while imports surged 8.7% to $63.55 billion, widening the trade deficit to $25.04 billion.
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Congress MP Shashi Tharoor expresses serious concern over escalating US tariffs on India, warning that 75% duties could make Indian exports unviable in the American market.
