Business Trade

India’s Russian Oil Imports Hit 9-Month High in April

By BPN News Desk May 5, 2025

India’s crude oil imports from Russia climbed to a nine-month high in April 2025, hitting 1.92 million barrels per day (bpd). This marks a 2.1% increase from March levels and pushed Russia’s share of India’s total crude imports to 39.3%, up from 35.7% the previous month. The latest data reflects a continued strategic reliance on […]

Business Trade

US Pressures India to Grant Amazon, Walmart Full E-Commerce Access

By BPN News Desk April 22, 2025

The United States is intensifying its efforts to secure comprehensive market access for American e-commerce giants Amazon and Walmart in India’s burgeoning $125 billion online retail sector. This initiative is a focal point in the ongoing bilateral trade negotiations between the two nations, which also encompass discussions on tariffs, food, and automotive sectors.​

Business Trade

India Imposes 12% Safeguard Duty on Steel Imports

By BPN News Desk April 21, 2025

In a decisive move to shield its domestic steel industry from a surge of inexpensive imports, India has imposed a 12% safeguard duty on select steel products. Effective from April 21, 2025, this provisional measure will remain in place for 200 days, aiming to curb the influx of low-cost steel primarily from China, South Korea, […]

Business Trade

India Defines Proof of Origin Rules to Ease Trade

By BPN News Desk April 21, 2025

In a significant move aimed at enhancing trade facilitation and ensuring smoother compliance processes, the Indian government has introduced a detailed framework for determining the ‘proof of origin’ of imported goods under its free trade agreements (FTAs). The step is expected to cut delays at customs and reduce disputes related to tariff concessions, thereby

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 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 Trade

Chinese Steel Undercuts Indian Market Amid Tariff Uncertainty

By BPN News Desk April 11, 2025

India’s steel industry is facing renewed pressure from an influx of low-cost Chinese steel, with imported prices undercutting domestic rates by as much as 12%. This aggressive pricing has sparked alarm within the industry, threatening the profitability and sustainability of Indian steel producers, particularly small and medium-sized enterprises already operating on