India’s Trade Deficit Narrows to $26.49B in August

By BPN News Desk September 15, 2025

Economy National

India’s merchandise trade deficit eased in August 2025 to US$ 26.49 billion, showing an improvement compared to US$ 27.35 billion in July. The narrowing gap came despite both exports and imports recording a decline, highlighting the slowdown in global trade activity as well as domestic demand

Business Trade

India Eyes $100B Trade With Russia

By BPN News Desk September 15, 2025

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 […]

Business Industry

Centre Warns Iron Ore Exporters of Duty or Ban

By BPN News Desk September 15, 2025

The Indian government has directed iron ore miners and exporters to increase production and cut domestic prices by half or face the possibility of an export duty or even a complete export ban starting 2 October 2025. The move comes after rising ore prices created difficulties for domestic steelmakers. Possible Export Duty The Finance Ministry […]

Op-Eds Opinion

Delhi Bans Rummy but Shuffles the GST Deck

By BPN News Desk September 6, 2025

The irony is too perfect. The Indian government banned online rummy, poker, and fantasy sports calling them “gambling,” thereby forfeiting nearly ₹20,000 crore in annual tax revenue. And yet, at the same time, it has embarked on its own gamble — GST 2.0 — giving up another ₹50,000–70,000 crore in revenues, all while running a […]

International

India Seeks New Markets for Pharma as U.S. Tariff Risks Grow

By BPN News Desk September 2, 2025

India is looking to expand its pharmaceutical exports to Russia, Brazil, and the Netherlands as a safeguard against possible U.S. tariff measures. The U.S. remains India’s largest market, accounting for nearly US$10.5 billion in exports in fiscal 2025, but growing trade tensions have pushed New Delhi to diversify its export destinations. Export Numbers and Growth […]

Business Trade

India Pushes Rice Exports to the Philippines

By BPN News Desk August 31, 2025

India is stepping up efforts to expand rice exports to the Philippines, the world’s largest rice importer. In 2024, the Philippines imported rice worth about USD 2.52 billion, while India’s share stood at just USD 48.91 million, reflecting a vast untapped potential for Indian exporters. Export Promotion Mission A delegation of Indian rice exporters will […]

Business Finance

RBI Holds Talks with Exporters as US Tariffs Loom

By BPN News Desk August 26, 2025

The Reserve Bank of India (RBI) has started consultations with exporters to understand what support they may need as the US prepares to impose steep tariffs on Indian goods. These discussions are expected to continue through the week, with small and medium-sized enterprises flagged as the most at risk. Tariff Impact on Exports The US […]

Business Industry

India to Export EVs to 100 Countries Soon

By BPN News Desk August 25, 2025

Prime Minister Narendra Modi announced that India will soon export electric vehicles (EVs) to 100 countries, describing it as a landmark for the automobile industry. A formal launch event for the initiative is scheduled for August 26. Growth in Auto Exports Modi noted that in 2014 India’s annual automobile exports were around ₹50,000 crore. Today, […]

Expert Opinions Opinion

Eurasian Balancing Act: Cheap Russian Barrels, Costly U.S. Tariffs, and India’s Path to Real Autonomy

By BPN News Desk August 20, 2025

Russia’s five percent oil discount looks tempting on paper, but the numbers show why it cannot outweigh Donald Trump’s tariff barrage. Russia supplies about 1.5 million barrels per day to India — roughly 35 percent of our crude basket. At Brent levels of 66–70 dollars, the discount works out to 2.7–3.3 dollars per barrel. Multiply […]

International

Russia Assures India Amid U.S. Tariff Pressure

By BPN News Desk August 20, 2025

Russia has assured India that it will help absorb Indian exports struggling to enter the United States after Washington imposed steep tariffs on a wide range of goods. The move comes at a time when New Delhi faces pressure due to its continued imports of Russian oil, which has triggered trade tensions with Washington. Alternative […]