Israel and Iran tensions could impact India’s trade
NEW DELHI : Iran’s attack on Israel earlier this week has sparked tensions in the Middle East and beyond. India, which has friendly ties with both the countries, has expressed “serious concerns” about escalation of hostilities.
India’s exports to China rise 8.74% in FY24 but remain below pre-pandemic levels
NEW DELHI : India’s exports to China increased by 8.74% from $15.33 billion in FY23 to $16.67 billion in FY24, according to Commerce Ministry data, while imports from China rose 3.29% to $101.75 billion
India-UK to hold further talks on FTA this week
NEW DELHI : India and the United Kingdom will resume talks for the proposed free trade agreement (FTA) this week when an official Indian delegation visits London. “A team is going to the UK
Trade deficit in India shrinks to 11-month low in March, as gold import more than halves
NEW DELHI : India’s trade deficit narrowed to $15.6 billion in March, a 11-month low, owing to a sharp fall in merchandise imports. The deficit figure stood at $18.96 billion in March 2023 and
MoCI may look for extension of interest equalisation for exporters
NEW DELHI : The Commerce Ministry(MoCI) is likely to seek further extension of the interest equalisation scheme on pre- and post-shipment rupee export credit for another five years to promote the country’s outbound shipments,
Moody’s maintains stable rating for India with growth forecast
NEW YORK : Global rating agency Moody’s on Friday maintained a stable ‘outlook’ and affirmed long-term and short-term ratings at ‘Baa3’ and ‘P-3’ respectively for India. It has estimated growth rate of 8 per
Tamil Nadu pitches for Elon Musk’s new EV factory in India
CHENNAI : Tamil Nadu will aggressively pitch itself as a manufacturing site for Tesla Inc. as speculation builds about the US company’s planned investments ahead of billionaire Elon Musk’s visit. “Tamil Nadu will be
Maldives trying to discuss with India for paying in their local currency for imports
MALE : The Maldives is currently discussing with India if the island nation can make payments for its imports from the country in Maldivian Rufiyaa, a senior minister has said. A similar arrangement is