Topic
india
Trade India's FTAs Poised to Catalyze $1 Trillion Export Goal: Report
A report by Yes Securities says India's new generation of Free Trade Agreements, combined with PLI schemes and China+1 diversification, can help achieve US$1 trillion in merchandise exports by 2030. The agreements mark a shift from protectionism to global integration, with electronics, pharmaceuticals, and engineering goods as key beneficiaries. Services exports are also expected to play a parallel role, targeting US$2 trillion total exports.
Commodities India’s Pulse Self-Sufficiency Push Undercut by Stock Controls and Subsidised Sa
India's Mission for Aatma Nirbharta in Pulses, announced in Budget 2025-26, aims for self-sufficiency by 2027 through government procurement. However, recurring stock-holding limits on tur, urad, and chana, along with subsidised buffer stock releases through Bharat Dal, erode the private market infrastructure and NCDEX futures market that are essential for price signals and farmer acreage decisions, according to a report by The Hindu BusinessLine.
Trade Finance Rupee Rebounds 67 Paise to 95.18 vs USD as Oil Prices Slide on Iran Deal Specula
The Indian rupee rebounded sharply by 67 paise to close at 95.18 against the US dollar, driven by a slump in global oil prices amid renewed hopes of a nuclear deal with Iran. The development has direct implications for trade finance professionals, lowering import costs and easing pressure on letters of credit denominated in dollars.
Commodities Gold Rates Dip Across India on June 11: Check City-Wise Prices
Gold prices in India declined on June 11, 2026, with 22-carat gold dropping by ₹295-300 per gram and 24-carat by ₹309-315 per gram across major cities. The rates for 8 grams also fell substantially. The data, courtesy of bankbazaar.com, shows uniform declines from Mumbai to Kolkata.
Commodities India’s horticulture output hits record 378 mt in 2025-26
India's horticulture production for the 2025-26 crop year is estimated at a record 377.78 million tonnes, up from 370.74 mt a year ago, according to the Agriculture Ministry. The increase is driven by a marginal rise in acreage and improved yields in fruits, vegetables, spices, and flowers. Key crops like banana, mango, potato, and tomato posted gains.
Commodities Bitter Season for Kashmir Honey: Output Plunges on Erratic Weather
Erratic weather in Kashmir has caused a sharp decline in honey production this season, reversing a 75% increase over the past three years. Beekeepers report yields down by 70% or more, with premium acacia honey particularly affected. The decline highlights the sector's vulnerability to climate variability despite recent policy support.
Business India's Retail Inflation Quickens to 3.93% in May, Stays Below RBI Target for 16
India's retail inflation accelerated to 3.93% in May, driven by higher food and fuel prices, marking the highest reading under the revamped CPI series. Despite the rise, inflation has stayed below the RBI's 4% target for 16 straight months, giving policymakers room to support growth. However, risks from rising energy costs and a below-normal monsoon could complicate the outlook.
Commodities India Palm Oil Imports Rise in May but Stay Below Average Levels
India's palm oil imports edged up 7% month-on-month in May to 549,356 metric tons, rebounding from a four-month low but remaining below the 632,000-ton monthly average of the previous marketing year. The Solvent Extractors' Association of India (SEA) reported that soyoil imports surged 37% as its price advantage over palm oil narrowed, while sunflower oil imports fell nearly 32%. Total vegetable oil imports rose 4.2% to 1.37 million tons, the highest in three months.
Business Raghuram Rajan Questions India's Growth Data, Cites Weak Investment and FDI
Former RBI Governor Raghuram Rajan has questioned India's official economic growth figures, noting a persistent disconnect between headline GDP numbers and business behavior such as weak corporate investment and falling foreign direct investment. His remarks come as India reported 7.7% growth in FY 2025-26, but Rajan argues that investment decisions by companies suggest growth may be less robust. He also warns of risks from the Middle East conflict and rising oil prices.
Manufacturing DSM Fresh Foods and Gohpur Fish Farmer Partner for Assam Aquaculture Project
DSM Fresh Foods Ltd (Zappfresh) signed an MoU with Gohpur Fish Farmer Producer Company Ltd to develop the Assam Aqua Project, a 100-acre freshwater fish farm in Gohpur, Biswanath District, Assam, with a target annual production of 300 tonnes. The project includes processing, cold chain, and distribution infrastructure, and aims to create local employment.
Trade Finance Rupee Strengthens to 95.20 Against US Dollar on Middle East Peace Hopes
The Indian rupee strengthened to 95.20 against the US dollar, driven by hopes for peace in the Middle East, as reported by the TOI Business Desk. The movement has trade finance implications for importers and exporters.
Trade India Grants Retrospective Customs Duty Relief on Nuclear Power Equipment Import
India's Finance Ministry issued a notification granting retrospective customs duty relief on imports of select nuclear power generation equipment. The relief covers goods imported from April 2019 to January 2026, ensuring importers face no retrospective duty claims.
Trade India Protecting Industry from Unfair Trade Practices of Certain Countries: Piyu
Commerce and Industry Minister Piyush Goyal stated that India is protecting its domestic industry from unfair trade practices of certain countries, including overcapacity and dumping. He noted that the EU, US, and UK are also safeguarding their steel industries. Goyal added that the WTO is currently not very effective, necessitating bilateral actions, and highlighted India's recent FTAs and investment commitments.
Business India GDP Growth to Slow to 6.6% in FY27 on Weaker Consumption and Investments:
BMI forecasts India's economic growth will moderate to 6.6% in fiscal year 2026/27, a slowdown from the 7.7% recorded in FY26. The research firm attributes the deceleration to three factors: fading consumption boost from GST reforms, elevated inflation driven by the Strait of Hormuz disruption, and slowing investment growth. The rupee is expected to average 95.1/USD, supporting export competitiveness.
Manufacturing India targets doubling textile industry size by 2047, says Union Minister Girira
India's textile market has grown to over ₹16 lakh crore from ₹8.5 lakh crore in 2014-15, according to Union Textiles Minister Giriraj Singh. The sector aims to double by 2047, with silk production up and imports down by half.
Commodities India's Wild Agave Sparks a New Spirit Industry
India's wild agave americana, traditionally used as fencing, has become the foundation of a new domestic agave spirit industry. The market is growing at 31% annually, according to distiller Maya Pistola Agavepura. Farmers like Masapalli Venkatesh coordinate wild harvests across states, but the informal supply chain faces challenges from genetic inconsistency to tight harvest windows.
Commodities India's Fertilizer Prices Drop Amid Easing Supply Strain
India's latest fertilizer tender saw prices drop significantly, indicating an easing of global supply strains. National Fertilizers Ltd. received offers between $444.90 and $617 per tonne, a stark contrast to April's prices of $935 to $959 per tonne.
Technology Meta Partners with RIL for AI Data Centre in India
Meta has partnered with Reliance Industries to establish a 168-megawatt AI data centre in Jamnagar, Gujarat. This collaboration marks Meta's first AI data centre deal in India, highlighting the country's growing appeal for AI infrastructure investments.
Technology Opendoor's India Exit Sparks AI and Outsourcing Debate
Opendoor's decision to exit India has ignited discussions on AI's impact on outsourcing. The move reflects a shift towards AI-driven operations, challenging traditional offshore models. Industry experts see this as a broader trend of AI reducing operational labor needs.
Logistics Controversy Surrounds Air India Flight 171 Crash Investigation
The investigation into the crash of Air India Flight 171 has sparked controversy, with accusations of bias and conflicts of interest. The preliminary report suggests pilot error, but safety campaigners and pilot groups are challenging these findings.
Commodities India and UAE to Expand Strategic Crude Oil Reserves
India and the UAE are collaborating to expand UAE-linked crude oil storage in India from 5.8 million barrels to 30 million barrels. This initiative involves new construction projects and potential storage at Mangalore, Visakhapatnam, and Chandikol.
Commodities India's Agriculture Budget Soars to Rs 1.4 Lakh Crore
The Modi government has increased India's agriculture budget five-fold to Rs 1.4 lakh crore over 12 years. Key initiatives include climate-resistant crops, soil health cards, and increased fertiliser subsidies.
Trade Assam's Tezpur Litchi Makes Debut in Dubai Market
Assam's GI-tagged Tezpur Litchi has been exported to Dubai for the first time. The shipment, comprising one metric tonne, highlights the growing international demand for India's premium agricultural products.
Commodities Monsoon Stalls: Rain Deficit Deepens in West India
The monsoon has stalled along India's coast, leading to a significant rain deficit in West India. Key regions like Saurashtra and Kutch are experiencing over 60% below-normal rainfall.
Trade India-US Energy Cooperation Aims for $500 Billion Trade by 2030
A report highlights the potential of India-US energy cooperation to achieve a $500 billion trade target by 2030. The partnership focuses on hydrocarbons and advanced technologies.
Manufacturing India's Textile PLI Scheme Attracts ₹12,822 Cr Investment
The Indian government has approved 22 new applicants in the third round of the Textile PLI Scheme, committing ₹12,822 crore in investments. This initiative is expected to generate a turnover of ₹58,294.18 crore and create over 36,000 jobs, strengthening India's textile manufacturing sector.
Finance Telangana Tenant Farmers Demand Loan Eligibility Cards
Tenant farmers in Telangana are urging the government to issue Loan Eligibility Cards to facilitate access to institutional credit and government schemes. The Tenant Farmers’ Recognition Struggle Committee highlights the challenges faced by tenant farmers, including high lease rates and lack of credit access.
Business Meenakshi Sundaram Takes Helm at NAARM
Raman Meenakshi Sundaram has been appointed as the Director of the ICAR-National Academy of Agricultural Research Management. With over 25 years in the ICAR system, Sundaram is expected to lead with scientific excellence and innovation.
Trade India's Export Growth Driven by Policy Reforms and Initiatives
India's exports are on the rise, driven by government policy reforms and initiatives. Senior Economic Adviser Agrim Kaushal highlights the '5F vision' and various schemes aimed at strengthening the textiles and apparel sector.
Business Sensex and Nifty Rebound, Ending Two-Day Losing Streak
The Sensex and Nifty indices rebounded, gaining over half a percent and ending a two-day losing streak. The Sensex rose 395 points to 73,919, while the Nifty increased by 119 points to 23,242. Midcap and Smallcap indices also saw significant gains.
Trade Nepal Imposes Mango Import Restrictions on India
Nepal has restricted mango imports from India due to pesticide concerns and inadequate quarantine facilities. This move impacts local markets and could lead to shortages and price hikes.
Business India Secures $843 Billion in FDI Over a Decade
India attracted $843 billion in foreign direct investment between 2014-15 and 2025-26, driven by initiatives like Make in India and the PLI Scheme. The country recorded $94.53 billion in FDI in 2025-26 alone, with significant contributions from the US.
Commodities SAEL Industries Boosts Renewable Capacity with New Plant in Rajasthan
SAEL Industries Ltd has commissioned a 14.9 MW agri waste-to-energy plant in Bhadra, Rajasthan, increasing its total capacity to 164.9 MW. The plant processes agricultural residues, contributing to clean energy and employment in the region.
Commodities Hindustan Zinc Partners with Sulfozyme Agro for Sustainable Metal Recovery
Hindustan Zinc has signed an agreement with Sulfozyme Agro to promote sustainable metal recovery at the Zinc Industrial Park in Rajasthan. This partnership aims to enhance the circular economy and support MSME development.
Trade India-Oman Trade Pact Boosts Export Opportunities
The India-Oman Comprehensive Economic Partnership Agreement (CEPA), effective June 1, 2026, significantly enhances export opportunities for India's labour-intensive sectors by securing duty-free access across 98.08% of Oman's tariff lines. This agreement supports India's energy security and supply-chain resilience.
Trade India's Growth Sustained by Strong Fundamentals: World Bank
The World Bank emphasizes India's robust economic fundamentals and strategic partnerships as key to sustaining growth despite geopolitical challenges. The food processing sector is identified as a promising area for expansion.
Trade India Ships GI-Tagged Tezpur Litchi to Dubai
India has exported one tonne of GI-tagged Tezpur Litchi from Assam to Dubai, enhancing its international market presence. The Commerce Ministry highlights this as a step forward for premium agricultural exports.
Trade India's Gold Tariff Hike Spurs Smuggling Surge
India's recent gold tariff hike has led to a resurgence in smuggling, with illegal imports potentially exceeding 100 tons in 2026. This has created challenges for banks and refiners, as grey market discounts disrupt legal trade.
Trade Assam CM Meets EU Delegation to Enhance Trade Ties
Assam CM Himanta Biswa Sarma met with a 'Team Europe' delegation to strengthen trade and investment ties. The meeting focused on enhancing cooperation under the India-EU Comprehensive Strategic Agenda.
Business India's Government Secures Rs 20,000 Crore via Disinvestment
The Indian government has raised Rs 20,000 crore through disinvestment and asset sales, achieving 25% of its annual target. This move comes as the government faces increased subsidy demands due to the West Asia conflict.
Commodities Gujarat Kharif Sowing Boosted by Early Narmada Water Release
Gujarat's Kharif sowing season begins as the state government releases Narmada irrigation water early to aid farmers. With over 1.73 lakh hectares already sown, the move supports critical early crop growth.
Commodities Indian Farmers Eye Expansion Amid Rising Oilseed Prices
Rising prices of key oilseeds like soybean and groundnut are prompting Indian farmers to consider expanding cultivation areas. This trend is driven by higher market prices compared to last year, encouraging increased planting in major growing regions.
Trade India's Energy Shift: Russian Crude and US LPG/LNG Imports
India continues to import significant amounts of Russian crude oil despite US pressures, while increasing LPG and LNG imports from the US. Geopolitical tensions and economic factors drive these energy trade decisions.
Commodities Maharashtra's Expert Panel to Address Onion Price Decline
Maharashtra has established an expert panel to address the decline in onion prices, focusing on long-term solutions for the state's onion sector. The panel will assess factors affecting prices and recommend measures to improve the value chain.
Finance Rupee Strengthens as Oil Prices Fall and Inflow Expectations Rise
The Indian Rupee appreciated by 0.4% against the US dollar, closing at 95.35, driven by a 2% drop in Brent crude prices. Regulatory measures and inflow expectations are reducing the currency's weakening bias.
Business Fitch Lowers India's Growth Forecast Amid Middle East Crisis
Fitch Ratings has revised India's GDP growth forecast for FY27 to 6.4%, down from 6.7%, citing the impact of Middle East turmoil on consumer spending. The agency also noted the potential for improved conditions once the energy shock eases.
Commodities India's Monsoon Boosted by IoD Amid El Nino Concerns
India's monsoon season could see improved rainfall due to a potential positive Indian Ocean Dipole (IoD) event, despite the looming threat of El Nino. The Bureau of Meteorology reports sea surface temperatures have crossed the El Nino threshold, but a positive IoD could enhance monsoon rains.
Trade India Expands to 1,821 New Markets in FY26 Amid Agri Export Challenges
In FY26, India expanded its agricultural exports to 1,821 new markets, generating $202 million in additional exports. Despite a 2.8% rise in agri exports to $52.55 billion, supply chain inefficiencies remain a significant hurdle.
Finance Understanding Form 16 for FY 2025-26: A Guide for Salaried Taxpayers
Form 16 is crucial for salaried taxpayers in India for filing income tax returns for FY 2025-26. It details salary and tax deductions, aiding accurate tax filing. Employees must obtain it from their employers, especially if they switched jobs.
Trade India's Trade Strategy Faces Six Major Challenges
India's trade agreements face significant challenges, including rising trade deficits and underutilization of FTA benefits. The Global Trade Research Initiative highlights tariff asymmetries and manufacturing shifts as key issues.
Commodities Monsoon Slowdown Expected in North-West India Due to Western Disturbance
The monsoon in north-west India is expected to slow down due to a western disturbance, affecting agricultural activities. Heavy rainfall remains concentrated along the west coast, but a slowdown is anticipated in the coming days.
Commodities Pernod Ricard India's Initiative Boosts Agri Yields and Water Resources
Pernod Ricard India's WAL programme has improved agricultural yields and water resources across 13 states and union territories. The initiative supports farmers with regenerative practices and efficient irrigation.
Logistics IRCTC Adopts Induction Stoves Amid LPG Shortage
The IRCTC has resumed onboard cooking using induction stoves due to a commercial LPG shortage caused by Middle East conflicts. This shift impacts meal preparation on 1,400 trains, affecting 1.7 million meals daily.
Business India Quotient's Gagan Goyal to Exit Amid VC Leadership Shifts
Gagan Goyal, a general partner at India Quotient, is set to leave the firm, marking another leadership change in India's venture capital sector. His exit follows the firm's largest fund closure and the promotion of new partners.
Technology Indian Envoy Boosts AI and Supply Chain Ties with US Leaders
Indian Envoy Vinay Kwatra met with US corporate and tech leaders, including Walmart's CEO, to discuss AI and supply chain collaboration. The meetings aim to strengthen economic and technological ties between India and the US.
Technology India Partners with France at VivaTech 2026 to Lead in AI Innovation
India, as the Official AI Partner Country at VivaTech 2026, aims to showcase its leadership in AI and digital innovation. The event will highlight India's commitment to technology that empowers citizens and fosters global partnerships.
Business India's Economic Resilience Amid Global Challenges: Sebi Chief
Sebi chief Tuhin Kanta Pandey highlights India's economic resilience amid global geopolitical uncertainties. Despite challenges, India remains one of the fastest-growing major economies, with growth projected at 7.7% for FY26.
Trade Finance RBI's Forex Risk Absorption to Boost Inflows by $50 Billion
The Reserve Bank of India (RBI) is set to absorb forex risks to attract overseas funds, potentially boosting inflows by $50 billion. This move involves no premium charges on FCNR(B) deposits and a 1.5% swap cost for external commercial borrowings, benefiting public sector undertakings.
Logistics Air India Crash Impact on Logistics and Air Freight
The Air India crash in Ahmedabad has significant implications for logistics and air freight operations, affecting capacity and safety protocols. This article examines the operational impacts and provides actionable insights for logistics professionals.
Logistics BPCL Mumbai Refinery Shutdown to Impact Logistics
BPCL's Mumbai refinery will undergo maintenance in November, potentially impacting logistics operations and freight rates. Stakeholders should prepare for possible disruptions.