1. Home
  2. Market Intelligence
  3. Market News
Back
07 Jul, 2025 News Image India’s BRICS trade volume up.
India’s trade with the key BRICS bloc—Brazil, Russia, India, China, and South Africa—has expanded significantly over the past four years, reaching a total volume of US$ 399 billion in 2024. This reflects a robust compound annual growth rate (CAGR) of nearly 20% between 2020 and 2024. However, the sharp rise in trade has also resulted in a widening imbalance. While India’s imports from BRICS countries touched US$ 304 billion, its exports stood at a relatively modest US$ 95 billion, leaving a trade deficit of US$ 209 billion.
 Source:  newindianexpress.com
07 Jul, 2025 News Image PM Modi meets Argentina President Javier Milei with focus on trade ties.
India and Argentina agreed on Saturday to enhance collaboration in trade, defence, technology, space and pharmaceuticals as Prime Minister Narendra Modi and President Javier Milei met in Buenos Aires to review bilateral ties. Modi, the first Indian premier to make a bilateral visit to Argentina in 57 years, was given a ceremonial welcome before holding talks with Milei that extended to informal discussions over lunch. Argentina was the third destination in Modi’s five-nation tour that will also take him to Brazil and Namibia.
 Source:  hindustantimes.com
07 Jul, 2025 News Image Union Minister Shri Shivraj Singh Chouhan Visits SKUAST-K Horticulture Gardens; Holds Stakeholder Meeting on Agriculture and Allied Sectors.
Union Minister for Agriculture and Farmers’ Welfare and Rural Development, Shri Shivraj Singh Chouhan today visited the horticulture research and demonstration blocks of Sher-e-Kashmir University of Agricultural Sciences and Technology of Kashmir (SKUAST-K), Shalimar. As part of his two-day visit to Jammu & Kashmir, the Minister reviewed on-ground innovations in horticulture and later held an extensive interaction with key stakeholders from the agriculture and allied sectors.
 Source:  pib.gov.in
07 Jul, 2025 News Image Trade deal may double India goods exports to US, report says.
A comprehensive trade deal between New Delhi and Washington could significantly boost the South Asian nation’s exports and manufacturing sector, paving the way for sustained growth, according to Bloomberg Economics. A broad agreement could nearly double India’s exports of goods to the US — its largest market overseas accounting for 19.3% of total exports — within a decade, and increase gross domestic product by 0.6%, economists Abhishek Gupta and Eleonora Mavroeidi wrote in a report Friday. Including services, overall exports to the US should rise 64%, the report said.
 Source:  economictimes.indiatimes.com
07 Jul, 2025 News Image 'We are committed to the development of Jammu and Kashmir under the leadership of Prime Minister Shri Narendra Modi' – Shri Shivraj Singh.
Union Minister for Agriculture, Farmers’ Welfare and Rural Development Shri Shivraj Singh Chouhan on the second day of his visit to Jammu & Kashmir, attended the sixth convocation ceremony of Sher-e-Kashmir University of Agricultural Sciences and Technology (SKUAST-K), Srinagar, and conferred degrees upon the graduates. The event was graced by Lieutenant Governor and Chancellor of the University Shri Manoj Sinha, Chief Minister and Pro-Chancellor of SKUAST-K Shri Omar Abdullah, Agriculture and Rural Development Minister Shri Javed Ahmad Dar, Deputy Chief Minister Shri Rajendra Chaudhary, Education Minister Ms. Sakina Masood, along with vice chancellors, professors, senior officials, and other dignitaries.
 Source:  pib.gov.in
07 Jul, 2025 News Image ‘No trade deal under pressure of deadline’: Piyush Goyal.
Days ahead of the US’ July 9 deadline for reciprocal tariffs, commerce and industry minister Piyush Goyal on Friday said India does not enter into trade agreements based on deadlines but on mutual benefits and national interest. 'FTAs (free trade agreements) are possible only when both sides get benefits. It should be a win-win agreement. India never negotiates trade deals based on deadlines. Our focus is always on fairness and the country’s benefit,' Goyal told media persons on the sidelines of an event, a day after Indian trade negotiators returned from an eight-day visit to the US to close a trade pact before July 9.
 Source:  economictimes.indiatimes.com
07 Jul, 2025 News Image Millet push, kiwi boost, dragon fruit drive: Uttarakhand's Dhami government reflects on 4 years of farm and horticulture reforms.
The Uttarakhand government has expanded focus on both traditional agriculture and high-value horticulture, introducing a series of initiatives aimed at increasing farmers' incomes and diversifying crop production across the state, under chief minister Pushkar Singh Dhami's four year tenure. Efforts to promote traditional crops have included the procurement of mandua (finger millet) under the National Food Security Mission since 2022. The state has integrated millets into the public distribution system, mid-day meals, and Anganwadi nutrition programs to boost both demand and nutritional access.
 Source:  timesofindia.indiatimes.com
07 Jul, 2025 News Image Cold storage boosts cherry and plum sales in Kashmir.
In Kashmir, advancements in cold storage units are reshaping the marketing prospects for cherry and plum growers. Previously constrained by the short shelf life of these fruits, local farmers often faced limits in market reach, resorting to distress sales. Enhanced cold storage networks now enable extended preservation of produce, facilitating access to markets across India, such as Delhi, Mumbai, Bengaluru, and Kolkata.
 Source:  freshplaza.com
07 Jul, 2025 News Image India moving towards a unified quality standard for domestic and global markets: Shri Piyush Goyal.
Union Minister of Commerce and Industry, Shri Piyush Goyal said that the number of Quality Control Orders (QCOs) in the country has grown from just 14 covering 106 products in 2014 to 156 QCOs covering 672 products over the last decade. He said this while addressing the 75th anniversary celebration of SGS in India in New Delhi today, adding that the government is working to introduce more horizontal and product-specific standards to ensure that all goods and services made in India meet global benchmarks.
 Source:  pib.gov.in
04 Jul, 2025 News Image US-India trade deal: India may relent on GM animal feed, stays firm on dairy & agri.
India is looking to allow imports of certain genetically modified (GM) farm products used in animal feed as part of the proposed bilateral trade deal with the US but New Delhi remains firm on not giving concessions in market access in the sensitive dairy and agricultural sectors, people said. Talks on the deal are nearing conclusion with some last minute finetuning, said a person privy to the development, adding it could be announced well before the July 9 deadline when the US government's moratorium on reciprocal tariffs ends.
 Source:  economictimes.indiatimes.com