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India has the potential to increase its merchandise exports to Russia seven-fold—from $5 billion to $35 billion by 2030—if it secures market access in food, pharmaceuticals, textiles and machinery, according to Global Trade and Research Initiative (GTRI) founder Ajay Srivastava. The report comes as President Vladimir Putin visits Delhi and as Moscow reiterates its goal…
File photo: PM Modi with Russian President Vladimir Putin (Picture credit: ANI) Russian President Vladimir Putin’s visit to India is likely to deliver a significant push to economic cooperation, with government sources indicating that New Delhi is looking to narrow its trade deficit and secure deeper market access for Indian goods.President Putin is arriving with…
The Seamless Tube Manufacturers’ Association of India (STMAI) on Thursday urged the government to introduce a production-linked incentive (PLI) scheme covering at least 10 per cent of exports of their products, ahead of the Union Budget. STMAI President Shiv Kumar Singhal also urged stricter measures to curb illegal imports of seamless pipes, which are affecting…
NEW DELHI: The rebound in exports in Nov will help erase the dip seen in Oct, commerce and industry minister Piyush Goyal said Wednesday. Although there was no mention of the exact figure, he said, “If I aggregate Oct and Nov, both months show growth in merchandise (exports) despite all the global turmoil. This only…
India’s exports posted a healthy rise in November after a sharp fall in October, Commerce and Industry Minister Piyush Goyal said on Wednesday, indicating that outbound shipments had regained momentum despite global volatility. He did not reveal the numbers, with the commerce ministry set to release official data on December 15.According to PTI, Goyal said…
India’s exports to the United States have dropped sharply over the last five months after the US increased import tariffs on Indian goods, doubling them from 25% to 50%. A report by the Global Trade Research Initiative (GTRI) shows that exports fell 28.5%, from $8.83 billion in May 2025 to $6.31 billion in October 2025….
NEW DELHI: The European Union’s decision to allow seafood exports by 102 new Indian entities has helped boost the shipment of prawns and other frozen shrimps to the members of the trading bloc.Exports have increased 55% to $448 million during April-Oct, from $290 million in the corresponding period last year, data available with the commerce…
India’s engineering goods exports fell a steep 16.71 per cent year-on-year in October 2025 to $9.37 billion, primarily due to a sharp drop in shipments to the US and a high base effect, the Engineering Export Promotion Council of India (EEPC) said on Saturday.Exports to key markets recorded widespread declines, with the Asean region seeing…
India’s exports to the United States saw a sharp 28.5% fall between May and October 2025 as aggressive tariff hikes by Washington hit key sectors. According to the Global Trade Research Initiative (GTRI), shipments dropped from $8.83 billion to $6.31 billion during the period, coinciding with US duties rising from 10% in April to 25%…
India’s merchandise exports, which had fallen sharply in October, have bounced back this month and entered positive territory till November 21, Commerce and Industry Minister Piyush Goyal said on Thursday.After chairing a meeting of the Board of Trade, Goyal told reporters that the latest quick estimates show a clear uptick, according to PTI. ‘Double Trade…
