International
China’s exports of rare earth magnets dropped by 6.1% in September compared to August, with volumes falling to 5,774 metric tons from 6,146 tons. This marked the end of a three-month growth streak. Year-On-Year Growth Despite the monthly dip, shipments were still 17.5% higher than the same month last year, highlighting continuing strong global demand […]
Defence National
India’s defence exports reached a record ₹23,622 crore in FY25, marking a 12 percent rise over the previous year and representing a 34-fold increase compared to FY14 levels. Private Sector Leads Export Growth Private companies emerged as the main contributors, accounting for nearly 64.5 percent of total defence exports, amounting to around ₹15,230 crore. Public […]
International
Russia has announced a partial ban on diesel exports and an extension of its gasoline export ban through the end of 2025. The measures are aimed at prioritising domestic fuel availability amid supply pressures. Reason Behind Move The decision follows a series of Ukrainian drone attacks on Russian oil refineries, which disrupted refining operations and […]
Business Industry
India’s smartphone exports in August 2025 rose by 39% compared to August 2024, reaching USD 1.53 billion. This growth was driven largely by strong international demand. U.S. Shipments Double Exports to the United States more than doubled, climbing to USD 965 million from USD 388 million a year ago—a 148% increase. This highlights the U.S. […]
Business Trade
The United States recently imposed a 50% tariff on Indian goods, including shrimp, making Indian exports far less competitive in the U.S. market. This has prompted Indian shrimp exporters to seek alternate destinations to sustain their trade. China Emerges as New Destination Exporters are now turning to China, which is increasingly seen as a promising […]
Business Trade
The exit of Western firms from Russia has opened space for Indian exporters to expand their presence. ITE Group CEO said the situation could help bilateral trade between India and Russia reach USD 100 billion in the coming years. Opportunities for Indian Exporters With Western companies pulling out, Indian firms, especially MSMEs, are finding opportunities […]