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The Latest Breaking News from Ajay Sahai

India's big billion-dollar trade deals are done. Now comes the real test

India has spent years negotiating free trade agreements with some of the world's biggest economies. But signing the deals was only half the battle. The bigger challenge now is helping Indian businesses turn preferential market access into exports, investments, manufacturing growth and global competitiveness.

The Economic Times

US Sec 301 tariffs unlikely to hit India's exports, textiles need close watch, says FIEO chief

India's exports face minimal impact from new United States tariffs, according to FIEO. The nation is placed in the lower ten percent tariff category by the US. However, the textile sector requires close monitoring for future tariff-rate quotas. Products already under Section 232 tariffs will not be affected by this…

The Economic Times

‘In a nightmare’: India braces for big layoffs as Trump’s tariffs bite

From textile factories to shrimp peeling units, hundreds of thousands of workers could lose jobs, say traders.

Al Jazeera

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India Eyes Opportunity Despite Trump Tariffs Hit

India reacted cautiously on Thursday to US President Donald Trump's sweeping tariffs, with the government saying it was examining both "implications" and "opportunities" from the duty hikes.

International Business Times

How escalating Red Sea crisis poses billions of dollars of risk for India

Houthi attacks on the Red Sea have forced shippers to avoid one of the world’s most crucial trade routes.

Al Jazeera

How has Red Sea trouble impacted India? | Explained

Houthi militia attacks in Red Sea force cargo ships to take longer route, impacting global trade & increasing freight costs.

The Hindu

India, U.S. decision to end WTO disputes to help boost bilateral trade: Experts

The decision to end their six trade disputes at the World Trade Organisation (WTO) will help boost two-way commerce and strengthen economic ties between India and U.S.

The Hindu

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Withdrawal of duty benefit scheme by U.K. may impact labour-intensive goods’ exporters

The U.K.’s decision to withdraw duty benefit scheme Generalised Scheme of Preferences (GSP) may impact Indian exporters from leather and textile sectors as they were the major beneficiaries, according to experts and traders.

The Hindu

Dark clouds of global economic uncertainties may cast shadow on India's exports in 2023

NEW DELHI: India's exports may have touched an all-time high of $422 billion in 2021-22 but recession in key western markets and geo-political crisis due to the Russia-Ukraine war are expected to impact the growth of the country's outbound shipments in 2023.

The Times of India

Exclusive: India asked by sanctions-hit Russia for parts for key sectors - sources

Moscow has sent India a list of more than 500 products for potential delivery including parts for cars, aircraft and trains, four sources familiar with the matter said, as sanctions squeeze Russia's ability to keep vital industries running.

Reuters

India's trade with Sri Lanka 'at standstill': Exporters

NEW DELHI: India's trade with Sri Lanka has nearly stopped following the unrest in the island nation, leaving exporters worried about their payments.

The Times of India

Can India keep the shine on Russia’s diamond industry?

An escape clause in US sanctions allows Russian diamonds to enter global markets after being cut and polished in India.

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Subrahmanyam Jaishankar

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the World Trade Organisation

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FIEO

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