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As the United States imposes tariffs on several countries, including Canada, China, and Mexico, India has chosen a cautious approach in the escalating trade tensions. Unlike its counterparts, which have responded with retaliatory tariffs and complaints to the World Trade Organisation (WTO), India is focusing on strengthening its trade ties with the U.S. through a bilateral trade agreement.The
In response to the recent tariffs imposed by the U.S. on imports from Canada, Mexico, and China, an expert body advising the government has suggested preparing to retaliate with tariffs that target the U.S. where it hurts most. This strategic approach aims to counterbalance the economic impact of U.S. tariffs, which have been criticised for potentially raising consumer prices and disrupting
Prime Minister Narendra Modi recently expressed his encouragement and appreciation for Japan’s commitment to the ‘Make in India, Make for the World’ initiative. This came after a meeting with a Japanese business delegation led by Tatsuo Yasunaga, where discussions focused on deepening economic collaboration between India and Japan.PM Modi highlighted the potential for mutual growth and the
An overlooked facet of the Gaza war is how it intersects with the struggle to control trade corridors across Eurasia.
Experts believe that the imposition of high tariffs by the US on China, Mexico, and Canada could significantly boost Indian exports to the American market.This opportunity arises as the tariffs on Chinese, Mexican, and Canadian goods will increase their prices in the US, making them less competitive compared to Indian products.Historically, India has benefited from similar trade tensions. During
The Indian rupee has strengthened recently, supported by the Reserve Bank of India’s (RBI) firm defence of the 87.40-87.50 territory against the U.S. dollar. This defence has been crucial in curbing speculative bets against the currency, particularly during periods of broad-based interbank dollar sales. As of early March 2025, the rupee was valued at 87.1550 per U.S. dollar, marking a modest
In a significant address to a joint session of Congress, U.S. President Donald Trump targeted India’s high import duties, particularly highlighting the country’s 100% tariff on imported American automobiles.Trump emphasised the need for "fair trade," asserting that India and other nations have long imposed excessive tariffs on American goods, which he believes have disadvantaged U.S. businesses.
India and the UAE have recently held significant discussions on advancing the India-Middle East-Europe Economic Corridor (IMEEC), a transformative initiative aimed at enhancing connectivity and trade between Asia, the Middle East, and Europe.The talks were led by a delegation from India, headed by Secretary of the Ministry of Ports, Shipping and Waterways, T.K. Ramachandran, who met with key
Prime Minister Narendra Modi recently held talks with Princess Astrid of Belgium, expressing his appreciation for her leadership of a 300-member Economic Mission to India. The mission aims to enhance bilateral trade and investment cooperation between the two countries.During their meeting, PM Modi highlighted the potential for "limitless opportunities" through new partnerships in sectors such as
External Affairs Minister S Jaishankar recently met with British Prime Minister Keir Starmer at 10 Downing Street in London, conveying warm greetings from Prime Minister Narendra Modi. The discussions centred around advancing bilateral economic cooperation and enhancing people-to-people exchanges between India and the UK.Additionally, PM Starmer shared the UK’s perspective on the ongoing