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The Latest Breaking News from GTRI

India's $40.8 billion Russian crude imports put it in Trump's 100% tariff line of fire

The US is considering imposing tariffs on significant purchasers of Russian energy, which puts India's considerable imports of Russian crude at risk of sanctions. This development unfolds as India engages in negotiations for a bilateral trade agreement with the US. The looming tariffs threaten to disrupt global trade, adversely affecting…

The Economic Times

India-China trade: The numbers behind the relationship as Xi visits Delhi

Chinese President Xi Jinping's visit highlights India-China trade's stark imbalance. India's imports from China vastly exceed its exports, creating a record deficit. Chinese industrial inputs are deeply embedded in India's critical manufacturing sectors. Bilateral goods trade reached $151 billion, with imports dominating the exchange. This economic relationship unfolds against the…

The Economic Times

India-EU FTA: EU gets tariff quota for 1 lakh cars initially, rising to 1.6 lakh

The India-EU free trade agreement will allow European automakers to export 1 lakh passenger vehicles annually at concessional duties initially, rising to 1.6 lakh from the 10th year. The pact also offers tariff concessions on electric vehicles, wines, pork, apples, kiwifruit, pears and peaches through quotas and price-based conditions.

The Economic Times

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BRICS' trade puzzle: Modi, Putin and Pezeshkian pitch three different fixes

The BRICS Business Forum saw leaders discuss expanding intra-bloc trade and economic resilience. Prime Minister Modi focused on removing trade barriers and India's stability. President Putin addressed countering Western economic pressure and sanctions. President Pezeshkian linked economic security to conflict and rebuilding Iran's economy. New trade data reveals a complex…

The Economic Times

The BRICS trade boom has a $226 billion hole for India

The dynamics of India's trade with BRICS nations have transformed, with imports outpacing exports and causing the trade deficit to reach $226.1 billion in FY2026. BRICS countries now represent over 41% of India's merchandise imports, although their export share has slightly diminished. With China, UAE, and Russia leading the surge,…

The Economic Times

E-commerce exports to help increase business of small-town players, says experts

Government e-commerce measures will significantly boost small-town traders' global market access. Artisans in handlooms, handicrafts, and jewellery can now reach overseas buyers more easily. Reliable cross-border payment infrastructure is crucial for growing export volumes and international sales. This shift could transform India's export value and economic activity locations. India aims…

The Economic Times

India’s gold rush takes a Dubai detour as UAE shipments soar while rest of world imports fall

India experienced a sudden spike in its gold import bill in 2026, predominantly fueled by imports from the UAE. This uptick occurred despite Prime Minister Modi's call for reduced gold buying. As a result, the preferential tariff established by the India-UAE free trade agreement is currently facing scrutiny, prompting potential…

The Economic Times

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India wants global factories, but its own quality checks may be putting investors off: GTRI

Concerns have surfaced among Japanese enterprises regarding India's compulsory BIS certification rules. A newly released study proposes a significant revamp of the QCO framework. The existing regulations are leading to considerable delays and inflated compliance costs for manufacturers, adversely impacting smaller businesses in India and disrupting supply chains. Experts recommend…

The Economic Times

India amends Foreign Trade Policy for easier rupee invoicing and payments for exporters

The government has amended its Foreign Trade Policy to ease rupee invoicing for exporters. Eligible rupee receipts now qualify for export benefits and obligations, aligning with new regulations. This change applies to exports to all countries, with specific rules for ACU members. Rupee settlements may reduce costs and risks for…

The Economic Times

India must strengthen shipping capacity, naval protection amid growing chokepoints: GTRI

India must treat maritime insecurity as a long-term trade risk as the Red Sea crisis crosses 1,000 days, GTRI said. Longer shipping routes have raised freight, insurance and working-capital costs, particularly hurting MSME exporters trading with Europe and the US.

The Economic Times

India should seek greater details on alleged China trans-shipment network: GTRI

India has requested further information from the US regarding the claims of a shadow trans-shipment network. According to a US report, Chinese exporters are allegedly routing goods through more than forty countries to avoid tariffs, specifically targeting India's Pune-Gujarat-Chennai corridor for pumps and compressors. The GTRI advises India to examine…

The Economic Times

A $67 bn tariff trail leads the US to India over China trade. Where's the proof?

The White House has placed India among countries at highest risk of being used to circumvent US tariffs on Chinese goods, citing an estimated $67 billion in goods allegedly transshipped through India, Mexico and Vietnam in 2025. However, the Global Trade Research Initiative (GTRI), led by Ajay Srivastava, has challenged…

The Economic Times

India’s $40 billion Russian oil lifeline shouldn’t buckle under Trump’s 100% tariff threat: GTRI

As long as it proves to be economically feasible, India should persist in acquiring Russian crude oil. A new Senate bill from the US threatens to impose significant tariffs on countries engaging in Russian energy purchases. Being one of the leading buyers, India might suffer trade penalties. This leads to…

The Economic Times

India must not rewrite its UPI policies under US pressure: GTRI

India's UPI policies should not be altered due to United States pressure. A think tank advises defending competition and policy autonomy for the payments ecosystem. Recent legislation allows charges on UPI and other electronic payment modes. This change follows criticism from the US Trade Representative's report. India should maintain data…

The Economic Times

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The Economic Times

Import restriction on low-priced PVC resin may push domestic prices: GTRI

New import restrictions on low-priced PVC resin will affect foreign suppliers. Domestic prices for this key raw material are expected to increase significantly. India relies heavily on imports for its PVC resin needs. Domestic production capacity meets only a fraction of the country's demand. This measure will likely increase import…

The Economic Times

India's new import rule that could make homes and infrastructure costlier

India's new policy imposing a minimum import price on PVC resin is expected to result in higher domestic prices. This strategy supports local manufacturers but also elevates costs for downstream industries, putting additional financial strain on small businesses. Given the nation's substantial import reliance, this initiative is unlikely to lessen…

The Economic Times

Trump's tariffs just went from 12.5% to 10%: Why did India get a breather and what it means?

The United States has reduced tariffs on most Indian exports to ten percent. This change follows India's recent actions against forced labour imports. Indian exporters now face a more competitive position against other nations. However, some sectors will still encounter separate, higher tariffs. The trade landscape remains uncertain with potential…

The Economic Times

GTRI questions US 10% Section 301 tariff on Indian exports, says measure lacks credible evidence

India's new ban on imports made with forced labour helped lower a proposed US tariff on its exports to 10% from 12.5%, but the Global Trade Research Initiative says Washington has offered no evidence against India. It argues the move is mainly aimed at keeping US tariff barriers in place,…

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The Economic Times

US' temporary 10% tariff set to expire on Friday unless extended or new duties announced

The 10% temporary US tariff imposed on imports from India and other trading partners is set to expire at 9:31 am IST on July 24, unless the Trump administration announces an extension or a new tariff regime.

The Economic Times

Indian pharma firms may yet survive Trump's 200% tariff bombshell

Donald Trump's proposed up to 200% tariff on generic drug imports has raised concerns for Indian pharma companies, but industry experts say the long-term impact may be limited. India's cost advantage, America's dependence on imported generics and lengthy US factory approval timelines could make large-scale manufacturing shifts difficult despite Trump's…

The Economic Times

200% Trump tariff shock? India’s cheap pills may still beat US rivals

US President Donald Trump's proposed tariffs of up to 200% on imported generic medicines could put pressure on India's pharmaceutical exporters, but the country's cost advantage may help many drugs remain competitive in the US market, according to the Global Trade Research Initiative (GTRI).

The Economic Times

India must tighten food safety regime before India-EU FTA takes effect, says GTRI

Before the implementation of the India-EU free trade agreement, India must prioritize the enhancement of its food safety framework. By strengthening local regulations, India can avert unjust restrictions on agricultural exports. Adopting a contemporary, evidence-based system will safeguard consumer interests and elevate competitive edge. Initiatives such as farm-to-port traceability and…

International Business Times UK

Scotch Whisky, Wimbledon Towels, and More: What Becomes Cheaper Under the India-UK Trade Deal

The India-UK trade deal, effective from 15 July 2026, cuts tariffs, lowers prices on select goods, and creates new opportunities for businesses and consumers in both countries.

The Economic Times

Forced labour explained: Why India changed its import policy

India has amended its Foreign Trade Policy to prohibit imports of goods made using forced labour. This move creates a legal framework for banning such products in the future. The United States is investigating India and other economies over similar alleged failures. India's constitutional obligation and international commitments drive this…

The Economic Times

FTAs alone won’t make India a manufacturing power: GTRI’s Ajay Srivastava

Tariff concessions alone will not secure India’s long-term economic success; strengthening manufacturing competitiveness is the key, says Ajay Srivastava.

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