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The Latest Breaking News from GTRI

New tariff: Think tank GTRI makes a case against US' additional 12.5% duty on India

As India faces a proposed 12.5% US tariff on its imports, trade think tank GTRI has advised the govt to challenge the levy on legal grounds. The investigation stretches the intended scope of Section 301, the think tank says.

The Economic Times

Trump’s tariff comeback? The White House finds a new route after court setbacks

The US is proposing to reintroduce country-specific tariffs on India and others, shifting from emergency powers to Section 301 of the Trade Act. This move, targeting imports made with forced labor, coincides with ongoing trade talks. While the US cites unfair competition, India objects, preferring negotiation over unilateral measures, potentially…

The Economic Times

US may have shaved its metal tariffs but the steel wall facing Indian exporters remains standing

Tariff modifications in the United States bring a touch of relief for Indian exporters, particularly with reduced duties on select metal-involved equipment. Despite this, the persistent high tariffs on imports like steel, aluminum, and copper suggest limited benefit for India’s metal sector overall. Yet, firms leveraging U.S.

The Economic Times

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India may have found reliable trade route beyond Strait of Hormuz with Oman trade deal

India's new trade pact with Oman, effective June 1, offers strategic importance beyond trade. Oman's location outside the Strait of Hormuz ensures a reliable energy and trade gateway for India, even amidst regional conflicts. This agreement is an investment in India's long-term energy and economic security.

The Economic Times

Gold imports from Dubai may rise after duty hike: GTRI

India's recent hike in import duties on gold and silver opens the door for enhanced trade relations with Dubai. Thanks to the India-UAE trade agreement, gold coming from Dubai will incur a more favorable 14 percent duty, a welcome change from the anticipated 15 percent. This scenario creates an exciting…

The Economic Times

Gold prices today: Check 18 carat, 22 carat and 24 carat gold rates in Delhi, Mumbai, Chennai, Kolkata and other cities as govt hikes import duty

Gold rates today: India has significantly boosted import duties on gold and silver to 15% from 6% to curb overseas purchases and protect foreign exchange reserves. In Delhi, the rates of 24k, 22k and 18k gold stand at Rs 1,54,140, Rs 1,41,310 and Rs 1,15650, respectively. The rates in Mumbai…

The Economic Times

India's gold import: How it impacts our economy | An explainer

India's gold imports are at an all-time high, reaching $71.98 billion in 2025-26. This surge is driven by increased prices and trade agreements. High imports pressure India's trade deficit and foreign exchange. The government is reviewing trade policies to curb these imports and protect reserves.

The Economic Times

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India's gold imports: How it impacts our economy | An explainer

India's gold imports are at an all-time high, reaching USD 71.98 billion in 2025-26. This surge is driven by increased prices and trade agreements. High imports pressure India's trade deficit and foreign exchange. The government is reviewing trade policies to curb these imports and protect reserves.

The Economic Times

Why PM Modi Wants Indians to Avoid Buying Gold for a Year

A day after Prime Minister Narendra Modi urged Indians to refrain from buying gold for a year in the national interest, the Global Trade Research Initiative (GTRI) extended its support to the appeal, warning that rising gold imports are putting severe pressure on India’s foreign exchange reserves and widening the…

Whats Hot

Fastener traders want govt to roll back quality control order amid rising cost, supply disruptions

Fastener traders are calling for the withdrawal of a new quality control order. They state the order is increasing costs, reducing supply, and disrupting production across India. The current system creates delays and uncertainty for businesses. This impacts the availability of essential components for various industries. Traders believe the order…

The Economic Times

The $10bn India-Pakistan trade secret hidden by official data

Informal trade between India and Pakistan is much higher than official figures say – but can it survive new hostilities?

Al Jazeera

Up 2.3 times in 15 years, India’s Chinese import bill to rise further

India's imports from China have surged, leading to a growing trade deficit and increased reliance on Chinese goods.

The Hindu

China's share in India's industrial goods imports jump to 30% from 21% in last 15 years: GTRI

Growing Indian dependence on Chinese industrial goods raises concerns about trade deficit and national security implications, report finds.

The Hindu

Government considering several measures to help revive special economic zones

“The government is considering several measures such as a flexible framework for sale of products manufactured in special economic zones (SEZs) in the domestic market, easy de-notification norms, and streamlining approval processes for units,” an official said.

The Hindu

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Inverse

Farts say more about your health than you think — now, scientists are listening

Scientists are developing an AI algorithm to detect diseases from the sounds of bathroom activities, which could tame future epidemics.

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