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Easing oil prices, supply chains to soften external pressures on India: Finance ministryIndia's economy remains resilient despite global uncertainties, with easing oil prices and improving supply chains offering some relief. Ho...
Duty waiver on petrochemical products extended till July 15Indian manufacturers will continue to benefit from a full customs duty exemption on imported petrochemicals until July 15. This extension a...
Automobiles biggest driver of India's export growth to Japan: ReportIndia's automotive exports to Japan have surged, becoming the primary growth engine and now representing 13% of shipments by FY26, up from ...
Economy resilient but risks from monsoon, geopolitical uncertainties remain: FinMin reportIndia's economy shows resilience despite a slight slowdown in some key indicators. While global commodity prices ease, risks loom from an u...
India's Russian oil imports to hit record high in June, data showsIndia's Russian oil imports hit an all-time high in June, reaching approximately 2.70 million barrels per day. This surge is attributed to ...
World MSME Day: Gem & jewellery sector calls for MSME-led innovations amid global uncertaintyDespite challenges like fluctuating gold prices and evolving consumer tastes, experts highlight opportunities in design-led, innovative pra...
India’s nutraceutical market set to nearly double to $57 billion by 2030 on preventive health boomIndia's health-conscious population is fueling a boom in the nutraceutical market, projected to nearly double to $55-57 billion by 2030. Th...
Petroleum vulnerability rising, India must build crude buffers and cut import dependence, EY cautionsIndia faces mounting vulnerability due to its soaring dependence on imported crude oil, now exceeding 90%. A recent EY report urges augment...
World MSME Day: Chemical industry seeks policy support to boost competitiveness amid global trade disruptionsIndian chemical industry leaders are urging a policy overhaul to boost competitiveness ahead of World MSME Day 2026. They highlight the nee...
World MSME Day: Global uncertainty offers Indian MSMEs an opportunity to move up the textile value chain, say expertsAs the second-largest employment generator in the country, the textile sector’s contribution to the economy is crucial, with MSMEs forming ...
Cotton duty or competitiveness? The bigger challenge facing India’s $190 billion textile industryThe government’s temporary import duty relief may ease pressure on mills and exporters, but industry experts say deeper problems in product...
World MSME Day: Global trade risks weigh on MSMEs; industry seeks competitiveness-focused reformsIndian MSMEs are urging a policy overhaul to boost global competitiveness, citing challenges from geopolitical shifts and supply chain disr...
Bangladesh urges China to reduce trade gapBangladesh's Prime Minister Tarique Rahman urged China to reduce the trade gap and diversify exports during his Beijing visit. He sought su...
Govt targets solar, hydrogen components to cut import dependenceIndia is boosting domestic manufacturing across solar, green hydrogen, and wind energy sectors to curb import reliance. Key focus areas inc...
Kazakh President pitches for Middle Corridor to boost trade with EuropeKazakh President Tokayev's Brussels visit underscored the vital role of the Middle Corridor, a key Asia-Europe trade route, aligning with t...
Stainless steel sector MSMEs flag import surge, urges govt to reintroduce quality control orderIndian stainless steel MSMEs are urging the government to reinstate a quality control order after its suspension led to a surge in cheap Ch...
Govt eyes fast-tracking local production of high-end medical devicesIndia is planning to boost local manufacturing of around 10 high-value medical devices, including MRI systems and pacemakers, to curb relia...
Chinese tech, investments welcome, but trade opening needs caution: CII PresidentChinese investments and technology are welcome in India, but a cautious approach is needed for trade, according to CII President R Mukundan...
Drugmakers yet to see gains from government's minimum import price policyGovernment's Minimum Import Price (MIP) initiative to boost domestic drug makers faces a slow start. Despite setting price thresholds for k...
Duty tweaking required to boost domestic aluminium-based manufacturing: GTRIIndia's aluminium sector faces policy distortions. A think tank proposes removing import duties on raw aluminium and adding export duties o...