Business Industry

India’s Cotton Panel Recommends Removing 11% Import Duty

By BPN News Desk April 17, 2025

India’s cotton advisory panel has recommended scrapping the 11% import duty on cotton in a move aimed at boosting the global competitiveness of Indian textile mills and supporting the import of Extra-Long Staple (ELS) cotton essential for high-quality fabric production. Background: Industry Burdened by Duty The 11% import levy, introduced in February 2021 to support […]

Business Trade

India Emphasizes Comprehensive Trade Data in U.S. Negotiations

By BPN News Desk April 16, 2025

India is pushing for a more comprehensive and accurate portrayal of its trade relationship with the United States by urging that both goods and services trade be considered in bilateral negotiations. Government officials have expressed concern that current discussions overly emphasize the goods trade deficit, while ignoring the significant U.S. surplus in services exports

Business Trade

India Monitors Potential Surge in Imports Amid Global Trade Tensions

By BPN News Desk April 16, 2025

In response to escalating global trade disruptions and the imposition of high tariffs by major economies, India has constituted an inter-ministerial monitoring group to track potential surges in imports. The decision stems from concerns that countries impacted by rising U.S. tariffs, particularly China, may redirect their goods to India. The new monitoring cell includes

Business Industry

Shein-Reliance Sourcing Deal Faces Setback Amid US-China Trade Tensions

By BPN News Desk April 15, 2025

The ambitious partnership between Chinese fast-fashion giant Shein and Reliance Retail to establish India as a major global sourcing hub is facing serious headwinds due to rising trade tensions between the United States and China. The deal, which was expected to integrate thousands of Indian micro, small, and medium enterprises (MSMEs) into Shein’s global supply […]

Business Trade

India’s Crude Oil Import Price Drops Below $70 per Barrel

By BPN News Desk April 15, 2025

India’s average crude oil import price has dropped to $69.39 per barrel as of April 11, 2025 — the first time it has dipped below the $70 mark since August 2021. This marks a sharp decline of more than 22% from April 2024, when the price stood at $89.44 per barrel. The drop is largely […]

Business Trade

India to Export 40,000 Tonnes of Shrimp to US Amid Tariff Pause

By BPN News Desk April 15, 2025

India is preparing to export between 35,000 and 40,000 tonnes of shrimp to the United States following a 90-day pause in proposed tariff hikes. The development offers a significant relief to Indian seafood exporters, who were facing uncertainty due to a planned 26% retaliatory tariff. The temporary pause now allows a flat 10% duty on […]

Business Trade

India Eyes US Precious Metal Imports to Narrow Trade Gap

By BPN News Desk April 12, 2025

In a strategic effort to reduce its widening trade deficit with the United States, India is exploring the possibility of importing high-value commodities such as gold, silver, platinum, and precious stones from the American market. This move is aimed at narrowing the trade gap that stood at $34.75 billion between April 2024 and February 2025. […]

Business Industry

India’s Electronics Manufacturing Value Addition Surges to 70%, Projected to Reach 90% by FY27

By BPN News Desk April 12, 2025

India’s electronics manufacturing sector is witnessing unprecedented growth, with value addition climbing from just 30% to 70% over the past few years. The sector is now poised to reach 90% value addition by the fiscal year 2026-27 (FY27), signaling a major leap toward self-reliance and global competitiveness. This remarkable progress is being driven by robust […]

Business Markets

Asian Markets Extend Losses Amid Escalating Trade Tensions

By BPN News Desk April 11, 2025

Asian stock markets are heading for a third consecutive weekly decline, as intensifying trade tensions between the United States and China continue to unsettle global investors. The latest round of retaliatory tariffs imposed by both nations has amplified concerns over a prolonged economic standoff, triggering widespread sell-offs across major indices in the region.

Business Industry

Gold Prices Hit Record High as Investors Flee to Safe-Haven Assets

By BPN News Desk April 11, 2025

Gold prices have surged to an all-time high, soaring past $3,200 per ounce as investors flee to safe-haven assets amid heightened global uncertainty. The dramatic spike comes in the wake of escalating trade tensions, sharp equity sell-offs, and widespread market anxiety triggered by policy unpredictability and currency fluctuations. The surge in gold prices follows a […]