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Downside risks to economy have begun materializing as continued West Asia conflict casts shadow over India’s trade outlook: Crisil

May 20, 2026 Trending News, Business, COMMERCE, Economy, Export - Import, MSME, Shipping, Trade
NEW DELHI: The ongoing West Asia conflict has begun materializing as a major downside risk for the Indian economy, severely impacting international trade and inflating import costs. According to a report by Crisil Intelligence,

India exporting only food and essential items to West Asia via Oman, Dubai

May 20, 2026 Export - Import, COMMERCE, Global Trade, Maritime, Trade, Trending News
NEW DELHI : India is rerouting their exports to the countries of Gulf Cooperation Council (GCC) through Oman, Hatta Border, Dubai and Khor Fakkan port, according to the sources from the Ministry of Commerce.

Strait of Hormuz closure causes Diet Coke shortage in India as food brands brace for wider impacts

May 20, 2026 Export - Import, Business, Global Trade, Trade, Trending News
NEW DELHI : With the war between the US and Iran in its third month, major food and beverage companies are feeling the brunt of the ongoing closure in the Strait of Hormuz, and

Have ‘put off’ planned attack on Iran due to “big discussion” with Tehran: Trump

May 19, 2026 International Shipping, Business, COMMERCE, Export - Import, Foreign Ports, Global Trade, Logistics, MSME, Shipping, Shipping Line, Trade, Trending News
WASHINGTON D.C.: US President Donald Trump on Monday (local time) said that he has “put off” a planned attack on Iran for a short period amid “big discussions” with the country over the ongoing

India targets $1 Trillion exports this year, $2 Trillion in five years: Piyush Goyal

May 19, 2026 EXPORT, COMMERCE, Economy, Finance, Global Trade, Trade, Trending News
NEW DELHI : Union Minister of Commerce and Industry Shri Piyush Goyal on Monday said that India has set a target of achieving exports worth 1 trillion dollars this year and 2 trillion dollars

India taps Oman to rescue $11.8 billion food exports to West Asia

May 19, 2026 EXPORT, Global Trade, Maritime, Trade, Trending News
NEW DELHI : Amid the prolonged conflict rattling West Asia, India is looking to Oman for continuation of its vital trade in essential foods — such as rice, meat, poultry, dairy, fruits and vegetables

PM Modi pitches bold investment vision to Europe’s top CEOs at historic ERT roundtable in Gothenburg

May 18, 2026 Export - Import, Business, COMMERCE, Economy, MSME, Trade, Trending News
GOTHENBERG (SWEDEN): In a packed evening session bringing together some of Europe’s most influential corporate leaders, Prime Minister Shri Narendra Modi addressed the European Round Table for Industry (ERT) and urged companies to invest

India-EU cooperation can bring stability to an unstable world: EU Commission President Ursula von der Leyen

May 18, 2026 Export - Import, Business, COMMERCE, Economy, Global Trade, MSME, Trade, Trending News
GOTHENBURG (SWEDEN): European Commission President Ursula von der Leyen on Saturday stressed that cooperation between India and the European Union can help bring stability to an increasingly unstable world and ensure greater security for

PM Modi’s visit marks milestone in India-Sweden ties; bilateral trade may double sooner than expected: Swedish PM Kristersson

May 18, 2026 Export - Import, Business, COMMERCE, Economy, MSME, Trade, Trending News
GOTHENBERG (SWEDEN): Swedish Prime Minister Ulf Kristersson on Sunday said that Prime Minister Shri Narendra Modi‘s visit to Sweden marks another milestone in India-Sweden relations, while emphasising the shared ambition to significantly deepen economic

UAE plans new pipeline to bypass Hormuz and double oil exports by 2027

May 18, 2026 Fuel, EXPORT, Global Trade, International Shipping, LNG, Maritime, Trade, Trending News
ABU DHABI : The United Arab Emirates will double its capacity to export crude oil bypassing the Strait of Hormuz by 2027, as it seeks to reduce reliance on the shipping chokepoint whose closure
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