US President Donald Trump on Friday signed an executive order revoking the additional 25 per cent tariff imposed on all imports from India over New Delhi’s purchases of Russian oil, the White House said.The move comes days after India and the United States finalised a long-pending trade deal, following nearly a year of trade tensions…
India-US trade deal (AI image) Has India managed to secure the ‘father of all deals’ with the US? American President Donald Trump and Prime Minister Narendra Modi took everyone by surprise this week when they announced that the tariff rate on Indian goods to the US will be reduced to 18%. While a trade deal…
NEW DELHI: The India-US trade deal is unlikely to lead to a near-term reduction in India’s imports of Russian crude oil, with supplies to be stopped from sanctioned entities such as Rosneft and Lukoil.While govt is yet to comment on US President Donald Trump’s claim that India will stop Russian crude purchases, officials pointed out…
India crude oil imports (AI image) With supply of Russian crude hit due to US President Donald Trump’s sanctions, Indian refiners are looking at other sources of oil to fill the gap. Refiners are swiftly reshaping their crude sourcing strategy to offset reduced availability of Russian oil affected by US sanctions.While a more complete assessment…
India crude oil imports (AI image) With supply of Russian crude hit due to US President Donald Trump’s sanctions, Indian refiners are looking at other sources of oil to fill the gap. Refiners are swiftly reshaping their crude sourcing strategy to offset reduced availability of Russian oil affected by US sanctions.While a more complete assessment…
New Delhi: India’s trade deficit widened to $25 billion in Dec as imports grew 9% to $63.6 billion, driven by electronics, fertiliser and silver shipments. In contrast, exports went up 1.9% to $38.5 billion with the value of consignments to the US staying flat.Exports to the US, where Indian goods face a 50% tariff, were…
India’s merchandise exports to the US slipped 1.83% year-on-year to $6.88 billion in December 2025, weighed down by higher tariffs imposed by Washington, according to Commerce Ministry data released on Thursday, PTI reported.Exports to the US had stood at $7.01 billion in December 2024. The latest contraction follows declines in September and October last year,…
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 fell to third place among buyers of Russian fossil fuels in December 2025 after sharp cuts in crude oil imports by Reliance Industries and state-owned refiners, a European think tank said on Tuesday.According to data from the Centre for Research on Energy and Clean Air (CREA), India’s total imports of Russian hydrocarbons stood at…