To counter potential U.S. trade actions, India is exploring options like lowering import tariffs and boosting purchases of American goods, aiming to reduce its trade surplus and strengthen economic relations.
Foreign portfolio investors (FPIs) have sold approximately $5 billion worth of Indian equities in recent weeks, reflecting cautious sentiment over diminishing profit expectations in India’s stock market. This significant outflow signals a shift in investor appetite as global and domestic factors weigh on market dynamics. “Profitability Concerns Drive Sell-Off”
In December 2024, India’s merchandise trade deficit decreased to $21.94 billion, a significant reduction from the record $31.86 billion observed in November. This improvement is largely attributed to a substantial decline in gold imports, which halved to $4.7 billion during the month. Export Performance Merchandise exports experienced a slight contraction of 1%
India is preparing to strengthen its textile sector to seize a larger share of the global market as Bangladesh, one of the world’s largest garment exporters, faces disruptions due to its ongoing political crisis. The instability in Bangladesh has impacted global supply chains, prompting international retailers to explore alternative sourcing options. The Indian
Despite new US sanctions on Russian energy, the EU's imports of Russian LNG have reached record levels, while India's oil and gas imports face potential disruptions.
Malaysia enforces provisional anti-dumping duties ranging from 2.52% to 36.80% on flat-rolled iron and steel products from China, India, Japan, and South Korea to protect its domestic industry.
Following its initial export to Armenia, India's Akash-1S air defence system is set to secure a second international buyer in 2025.
Apple's iPhone exports from India cross ₹1 lakh crore, with production and value addition rising significantly in 2024.
India's coal imports increased by 2% to 182.02 million tonnes during April-November 2024, with a notable decline in November imports due to sufficient domestic supply.
Analysts foresee significant impacts on international trade due to geopolitical tensions and potential US-led trade wars under President Trump's second term.
