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India and Oman signed a trade deal, expanding the country’s strategic and economic relations in the Persian Gulf, and helping exporters at a time when they are facing headwinds in several parts of the world.The Comprehensive Economic Partnership Agreement (CEPA), the second in West Asia after the one with UAE a few years ago, will…
Representative image (AI-generated) NEW DELHI: Defence production in India increased more than three times over the last 10 years, reaching an all-time high of Rs 1.54 lakh crore in 2024-25, up from Rs 46,429 crore in 2014-15, Union Minister of State for power Shripad Yesso Naik said on Thursday.Talking about India’s “aatmanirbharata” (self-reliance) in the…
India’s goods exports are expected to contract by around 1 per cent in FY26, compared to a marginal growth registered last year, according to a report by CareEdge Ratings.The report highlighted that while goods exports have weakened in recent months, services exports have continued to remain healthy and resilient, but they have also slowed down.It…
TL;DR: Driving the newsChina’s economic engine sputtered hard in November, with retail sales rising just 1.3% – the weakest since December 2022, when “zero-Covid” ended – and industrial production slowing to 4.8%, a 15-month low.Meanwhile, fixed-asset investment dropped 2.6%, the worst performance in decades, and property investment plunged nearly 16%. Even the usually robust auto…
The trade deficit reduced to $24.6 billion, reaching its lowest point since June, as imports declined by 2% to $62.7 billion. (AI image) Defying pressure from Donald Trump’s 50% tariffs, India’s exports rose in November and the trade deficit shrunk to a five-month low. Exports moved up to $38.1 billion in November – an increase…
NEW DELHI: India’s exports grew at their fastest pace in over three years, rising 19.4% to $38.1 billion in Nov on the back of a jump in shipments to the US and China. With imports falling 2% to $62.7 billion, the trade deficit narrowed to $24.6 billion, the lowest level since June.India’s exports to the…
Decline in trade deficit is attributable to decreased imports of gold, oil and coal. (AI image) India’s merchandise trade deficit of India dropped to $24.53 billion in November from $41.68 billion in October. This decline is attributable to decreased imports of gold, oil and coal, as shown in official government data released on Monday.India’s exports…
India’s gems and jewellery exports rose nearly 20 per cent year-on-year to $2.5 billion in November, buoyed by higher shipments of cut and polished diamonds, studded gold jewellery and silver items, according to provisional data released by the Gem and Jewellery Export Promotion Council (GJEPC), PTI reported.Exports stood at $2.1 billion in November last year….
CARACAS: Venezuela’s oil exports have plummeted since the US seized an oil tanker off the country’s coast this week and imposed new sanctions on shipping companies doing business with the embattled Latin American country, Al Jazeera reported.Oil tanker movements into and out of Venezuelan waters have almost come to a standstill, Al Jazeera’s sources stated,…
Mexico’s steep tariff increase on imports from countries without a free-trade agreement will significantly disrupt India’s exports from January 1, 2026, the Global Trade Research Initiative (GTRI) has said, warning that nearly three-quarters of outbound shipments will come under sharply higher duties, ANI reported.Mexico has decided to impose duties of up to 50% on goods…
