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The Latest Breaking News from GTRI

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

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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,…

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

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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…

The Economic Times

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.

International Business Times UK

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.

The Economic Times

India-UK FTA comes into effect today, unlocking duty-free access for Indian exports

India and the UK have enacted a free trade agreement, opening significant export opportunities. This pact offers duty-free access on ninety-nine percent of India's tariff lines to the UK. Indian manufacturers will gain preferential entry into the UK's sixth-largest economy. The agreement also provides regulatory certainty for Indian service providers…

The Economic Times

India-UK FTA from July 15: What changes for autos, whisky, exports and consumers

The India-UK Comprehensive Economic and Trade Agreement takes effect on July 15, 2026. This pact grants nearly 99% duty-free access for Indian exports to the United Kingdom. Labour-intensive sectors like textiles and footwear will see significant export gains. India will also reduce tariffs on several British products, including alcoholic beverages.…

The Economic Times

Anti-dumping duty on electrical steel may push transformer costs, impact grid expansion: GTRI

A potential anti-dumping duty on crucial cold-rolled grain-oriented electrical steel (CRGO) imports could significantly hike transformer manufacturing costs and impede India's ambitious power grid expansion plans. With domestic production meeting less than 10% of demand, imposing duties might raise prices without reducing import reliance, impacting vital infrastructure development and renewable…

The Economic Times

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The Economic Times

Foreign influence increasing over India's fintech sector: GTRI on Meta's investment in Cred

Think tank GTRI said that the deal gives Meta a foothold in one of the country's richest repositories of consumer financial-behaviour data, covering credit cards, loans, investments, insurance, and UPI transactions. On the other hand, it said China built its digital payments ecosystem through domestic champions such as Alipay and…

The Economic Times

Duty tweaking required to boost domestic aluminium-based manufacturing: GTRI

India's aluminium sector faces policy distortions. A think tank proposes removing import duties on raw aluminium and adding export duties on the metal. This aims to encourage domestic production of higher-value aluminium products. The goal is to reduce reliance on imported finished goods and boost manufacturing competitiveness. This shift could…

The Economic Times

India takes the shine off silver as imports plunge 82% in May after duty hike

May witnessed a steep decline of over 81% in India's silver imports, a result of the government's recent moves to hike import duties and require licenses for incoming shipments. This strategy was prompted by unprecedented levels of silver imports in the last fiscal year, reflecting a clear intent to regulate…

The Economic Times

India’s gold hunger stays unshaken as higher duties fail to close the import floodgates

India's insatiable thirst for gold remains resilient even in the face of increased import duties. Prior to the tax increase, there was a notable spike in demand, which has since sustained momentum. This pattern implies that heightened taxation is failing to temper the nation’s gold obsession.

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The Economic Times

US-Iran peace deal may help boost India's exports, stabilise rupee

A peace deal between the US and Iran is set to reopen the Strait of Hormuz. This agreement is anticipated to significantly boost India's exports to West Asia. It will also help stabilize the Indian rupee and reduce inflationary pressures. The reopening of this vital shipping route promises economic relief…

The Economic Times

India's biggest trade bet comes with six red flags

India may be adding more trade partners, but its latest FTA report card comes with several red marks. A new study by the Global Trade Research Initiative (GTRI) warns that while free trade agreements have become a cornerstone of India's trade strategy, the country is grappling with six persistent challenges…

The Economic Times

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

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…

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