India Africa business summit
India Africa business summit

India hosted the India-Africa Summit in October

India tops in trade facilitation in South-Asian sub-region: UN
India tops in trade facilitation in South-Asian sub-region: UN

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), together with all four other UN regional commissions, has launched the first global report on implementation of measures to simplify import, export and transit procedures.

Govt may extend interest subsidy scheme for exporters by 3 years

The ministries of commerce and finance are discussing the issue and their decision is likely to be sent soon to the Union Cabinet for approval, sources said.

Modi's China trip: Trade gap, non-tariff barriers on the table

India will seek greater market access and removal of non-tariff barriers to bridge widening trade deficit with China during Prime Minister Narendra Modi's visit this month, a senior commerce ministry official said.

India to seek end to non-tariff barriers during Modi's China visit

India will seek abolition of non-tariff barriers during Prime Minister Narendra Modi’s visit to China next week, officials said, as part of efforts to reduce a widening trade deficit and boost local industry.

Global shifts leave India's exporters exposed to lofty rupee

The rupee has climbed to heights seen only once before in the past decade, as measured against the currencies of the country`s trading partners. Unlike past periods of strength, it has exporters reeling. 

FIPB clears 10 FDI proposals worth Rs 2,858 crore

The Foreign Investment Promotion Board has cleared 10 FDI proposals worth Rs 2,858 crore, and referred the Holcim-Ambuja deal to the CCEA.

India-South Asia trade reaches $19.21 bn in April-January period

The same stood at USD 20 billion in 2013-14.

India underlines need for enhanced cooperation with ASEAN

Amid territorial dispute in South China Sea, India today underlined the need for enhanced India- ASEAN cooperation for maritime security, freedom of navigation and peaceful settlement of disputes in accordance with the international law.

RCEP pact to boost India-ASEAN trade to $200 bn by 2022

Noting that the India-ASEAN trade was well below potential, a top government official on Wednesday said the regional comprehensive economic partnership (RCEP) pact -- expected to conclude later this year -- will help boost trade to USD 200 billion by 2022.

'Rs 60k cr investment required in petrochemicals sector'

The petrochemicals sector requires an investment of over Rs 60,000 crore in the near future and the government is ready to provide this investment to usher growth in the segment, Fertiliser Minister Ananth Kuamr today said.

India's trade deficit with China rose to $37.8 bn in 2014

India's trade deficit with China rose to a whopping USD 37.8 billion last year even as bilateral trade picked up, totalling USD 70.59 billion, a year on year increase of 7.9 per cent.

China is addressing Sino-India trade imbalance: Envoy

Ahead of its President's visit here, China on Tuesday assured that it was making efforts to address India's concerns over the ballooning trade deficit and expressed confidence that the two Chinese industrial parks to be set up in the country will help balance bilateral trade.

India to sign free trade agreement with Asean soon: Kher

India on Wednesday said it has received the free trade agreements on services and investments with ASEAN and it will "shortly" sign the pact.

India not to compromise interest of farmers at WTO: Sitharaman

India had decided not to ratify WTO's Trade Facilitation Agreement (TFA).

ROC says Taiwan, India to strengthen bilateral economic relations; congratulates Modi
ROC says Taiwan, India to strengthen bilateral economic relations; congratulates Modi

In recent years, the amicable relations between Taiwan and India have brought about closer cooperation in a wide variety of areas.

India's trade deficit rises to $10.9 billion in April

India's exports was up by 5.26 percent in April to USD 25.63 billion.

Indian envoy seeks to boost trade with UAE via free zone

T P Seetharam recently led an 18-member high-level delegation to Jafza comprising top executives of leading Indian companies working in the free zone for over 20 years.

'Ukraine-Russia turmoil likely to hit trade with India'

"India's trade with the Commonwealth of Independent States (CIS) is likely to decline by 15 percent if tensions between Russia-Ukraine further escalate," according to a study by Assocham.

Trade deficit narrows on 77% drop in gold imports

The trade deficit stood at $9.92 billion last month compared with $10.14 billion in December.