Gold and silver import from UAE jumps 210%, need duty revision in FTA : GTRI
NEW DELHI : India’s gold and silver imports from its Free Trade Agreement (FTA) partner UAE have skyrocketed 210 per cent to $10.7 billion in 2023-24 and there
India poised to benefit from US tariff hikes on Chinese products : Experts
NEW DELHI : US President Joe Biden‘s plan to levy high tariffs on a host of Chinese products, including electric vehicles (EVs), batteries, and medical supplies, will likely
China largest trading partner of India in FY24 with $118.4 bn; US second with $118.3 bn
NEW DELHI : China has emerged as the largest trading partner of India with $118.4 billion two-way commerce in 2023-24, slightly edging past the US, according to the data
India’s plastics exports down 3.5% on global economic conditions and geopolitical tensions
NEW DELHI : India’s plastics exports fell 3.5% to $11.55 billion in FY24 from $11.96 billion in FY23, despite registering a positive y-o-y growth of 5.6% in March
India fails to make substantial export gains in the US and Europe in FY24
NEW DELHI : India’s exports to its largest markets, Europe and the US, remained flat as its global shipments declined in FY24 on account of falling demand and
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
Indian exporters urge Govt for relief from the 45-day payment rule from MSEs’ purchase
NEW DELHI : Indian exporters sought the government and requested an exemption from the 45-day payment rule for goods purchased from MSEs, emphasising that the norm will impact
Red Sea crisis continues; adverse impact on trade data will be visible in new fiscal : GTRI
NEW DELHI : The Red Sea crisis has become a major threat to global trade and its impact on trade volumes will become visible in FY25, according to
India-EFTA pact : India to phase out import duties on chocolates, watches, textiles, smartphones
NEW DELHI : Duties on substantial number of goods imported from EFTA countries–Switzerland, Norway, Iceland and Liechtenstein–including chocolates, watches, smartphones, olive oil, corn flakes, machinery, textiles, medicines, cod liver
Govt should not cut import duties on parts used in making smartphones : GTRI
NEW DELHI : The government should not cut import duties on electronic components used in making smartphones in the forthcoming Budget as the current tariff structure has already