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India’s exports to the US also fell by 21.77% to $6.6 billion in January, largely due to the 50% tariffs imposed by the Donald Trump administration. (AI image) India’s merchandise exports grew marginally in January to $36.56 billion, up 0.61%. On the other hand, imports rose sharply by 19.2% to $71.24 billion, compared to $59.77…
NEW DELHI: Supporting e-commerce, particularly electronics-oriented exports, can contribute to export diversification, job creation, and overall economic growth, govt think tank Niti Aayog has said and called for coordinated policy and regulatory reforms to advance cross-border e-commerce.The report released on Friday said that with growing global demand for Indian products, wider adoption of digital platforms,…
Piyush Goyal has now clarified that Indian exports would also get the same benefit. India-US trade deal: Commerce Minister Piyush Goyal on Thursday said that Indian apparel exports to the US will enjoy zero tariff access, if the raw material is procured from America. Goyal’s comments assume significance after the recently announced US-Bangladesh trade deal…
India’s trade surplus with the United States could exceed $90 billion annually, according to a new report by SBI. This growth has been driven by rising exports and higher import potential. Indian exporters could boost their top 15 items’ exports to the US by $97 billion yearly, with total exports potentially crossing $100 billion annually…
In 2024, Bangladesh’s global garment exports were $50.9 billion, which is much higher than India’s $16.3 billion. (AI image) The US-Bangladesh trade deal has the Indian textile sector exporters worried? The Donald Trump administration has reduced the tariffs on Bangladesh to 19%, but a clause of zero tariffs on textile exports may hit the Indian…
The possibility of zero-tariff entry for select Bangladeshi textile and apparel exports has moderated the earlier optimism surrounding Indian exporters. (AI image) The US-Bangladesh trade deal announced on Tuesday may indirectly deal a blow to the export ambitions of India’s textile sector. Under the trade agreement between the two countries, the US is reducing the…
Indian exporters are hoping that the country’s goods and services outflows could touch $1 trillion in 2026-27, supported by the recently signed trade agreements with the United States and the European Union. The anticipated surge comes as the US has reduced tariffs on Indian products from 50% to 18%, opening the door for more orders…
NEW DELHI: The smartphone in your pocket is increasingly getting a ‘Made in India’ backstory – and so are many of the electronic parts that power daily life. India’s electronics manufacturing has grown sharply over the past 11 years, with production rising about six-fold and exports jumping eight-fold, govt told Rajya Sabha on Friday, adding…
Garment exporters in Tamil Nadu’s textile hub Tiruppur expect shipments to the United States to double to about Rs 30,000 crore over the next three years following the India-US trade framework, industry representatives told PTI.They also indicated that the sector could generate about 5 lakh additional jobs over the next three to five years as…
The patience of Narendra Modi govt seems to have paid. The US-India joint statement issued by the White House on Feb 6 gives some relief. It indicates what is likely to come in the trade deal. It is still an ‘interim agreement’ and there is no explicit mention that India will stop buying crude oil…
