Tag: india

China Top Source of Imports in H1 FY26; Trade Deficit with Dragon Hits $54.4 B
Posted in Economy

China top source of imports in H1 FY26; New Delhi’s trade deficit with Beijing hits $54.4 billion

New Delhi: Mainland China emerged as India‘s top import source in the first half of this financial year with $62.89 billion worth of inbound shipments,…

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The gold's share in India's forex reserves has almost doubled over the past decade—from below 7% to nearly 15%. (Bloomberg)
Posted in Business

India gold reserves top $100 billion on surging bullion prices, forex down| Business News

India’s gold reserves crossed the $100 billion mark for the first time, according to the Reserve Bank of India’s latest forex reserves data, buoyed by…

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Global shocks no worry, India stays investors’ darling: S&P Global Ratings President Yann Le Pallec

S&P Global Ratings expects India to demonstrate resilience against punitive tariff barriers and global trade shocks, with the economy expected to expand about 6.5% this…

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Explained: India’s Russian oil trade and options before it

US President Donald Trump claimed that Prime Minister Narendra Modi has vowed to halt purchases of Russian oil – an issue at the centre of…

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Posted in Economy

India expands FTA outreach; active trade talks underway with US, EU and Oman, says Piyush Goyal

India has intensified efforts to deepen its trade ties with major economies, with several free trade agreements (FTAs) already implemented and negotiations progressing with key…

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US President Donald Trump. (AFP)
Posted in Business

Indian Oil-led India refiners to pare down Russian oil imports after Trump comments| Business News

India’s Russian oil imports could drop as refiners led by Indian Oil Corp. Ltd. wait for official guidance from New Delhi after US President Donald…

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India and US aim for ‘win-win solution’ amid deepening trade talks: Report

India and the United States are engaged in intensive trade discussions, with both sides exploring ways to reach a “win-win solution,” government sources told ANI…

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Shipping containers at Mundra port in Gujarat. The 50% US tariffs on India came into effect on 27 August 2025. (Reuters)
Posted in Business

India trade deficit in September widens most in at least a year as US tariff impact shows| Business News

India’s trade deficit in September widened the most in eleven months as 50% US tariffs took effect in the world’s fourth largest economy. Shipping containers…

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India's Prime Minister Narendra Modi and Brazil's President Luiz Inacio Lula da Silva in Brasília in July 2025. Both India and Brazil are founding members and de facto leaders of the BRICS, the bloc of emerging world powers that Donald Trump loathes. (Reuters)
Posted in Business

Trump tariffs unite India and Brazil to triple their $12-billion bilateral trade| Business News

India and Brazil, two of the largest emerging market hit hardest by Donald Trump’s trade wars, are deepening their ties, betting that a united front…

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A vegetable market in Ahmedabad. India's sweeping GST reforms is set to boost consumption in the face of crippling US tariffs. (Reuters)
Posted in Business

IMF raises India GDP growth forecast for 2025-26 despite US tariff impact| Business News

India’s GDP will grow faster than estimated earlier despite the impact of US tariffs on Indian economy—the fourth largest in the world, according to the…

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