The country’s smartphone exports rose 43.7 per cent to USD 18.8 billion during the April-November period this fiscal year, according to the commerce ministry data released on Thursday. It was USD 13.08 billion in April-November 2024-25 and USD 9.07 billion during April-November 2023-24. The data showed that the US was the major destination for the…
India’s merchandise exports to China surged 67.35% year-on-year to $2.04 billion in December, driven by higher shipments of electronics, marine and agricultural products, according to Commerce Ministry data released on Thursday.The sharp rise was led by exports of oil meals, marine products, telecom instruments and spices. In the electronics segment, key items registering strong growth…
India’s merchandise exports rose 1.87% year-on-year to $38.5 billion in December 2025, even as higher imports led to a marginal widening of the trade deficit, official data released on Thursday showed, PTI reported.Imports increased 8.7% during the month to $63.55 billion, pushing the trade deficit to $25.04 billion in December. This compares with a deficit…
India’s shipments to China posted a rare year-on-year increase in 2025, even as the bilateral trade gap ballooned to an all-time high, underlining the persistent imbalance in the two-way economic relationship, PTI reported.Data released by Chinese customs on Wednesday showed that Indian exports to China rose by $5.5 billion during January–December 2025, taking total outbound…
Rationalising import duties and stepping up budgetary allocations in the upcoming Union Budget could give a strong push to domestic manufacturing and exports, Deloitte India said on Tuesday.The consulting firm said the Budget for 2026-27, which is scheduled to be presented on February 1, should build on the government’s ongoing efforts to strengthen manufacturing at…
IREF pointed out that Indian rice shipments to the US are already levied with a 50% duty. (AI image) India’s rice exports may bear the brunt of escalating tensions in Iran and US President Donald Trump’s latest move to impose 25% tariffs on any country doing trade with Iran. “Effective immediately, any Country doing business…
MUMBAI: Export of diamonds from India to the US has nearly halved after President Trump slapped a 50% tariff on the country, plunging the industry into a crisis, said Al Cook, CEO at De Beers Group, adding that there hasn’t been a large scale “relocation” of Indian industry to other countries, though, as stakeholders are…
File photo (Picture credit: AP) Venezuela’s main oil ports entered a fifth straight day without shipping crude to customers in Asia, the country’s biggest buyers, as US pressure on the OPEC producer intensified under an oil embargo, shipping data showed.The halt in deliveries risks worsening problems for state-run oil firm PDVSA, which is already struggling…
File photo: Chinese President Xi Jinping and Japanese PM Sanae Takaichi (Picture credit: AP) China on Tuesday banned exports of dual-use goods that can serve both civilian and military purposes to Japan, a move that comes amid heightened tensions between the two countries over Taiwan.In a statement, China’s commerce ministry said exports of such items…
Apple Inc’s manufacturing push in India has resulted in a dramatic surge in iPhone exports, with shipments crossing the $50 billion mark under the production-linked incentive (PLI) scheme period. The milestone was achieved by December 2025, just four years after the world’s second-largest company by market capitalisation joined the smartphone PLI programme in FY22, according…