1. Home
  2. Market Intelligence
  3. Market News
Back
26 May, 2025 News Image Indian bananas resilient to climate change.
The Indian staple, Desi Banana, can tolerate diseases and adverse weather conditions. Despite concerns being raised on the looming impact of climate change, it will survive the test of time, due to India’s geography and the regions for banana cultivation expanding across the country. A recent report by UK NGO Christian Aid has warned that 60 per cent of the best banana growing areas are in danger from climate change-driven rising temperatures.
 Source:  thehindubusinessline.com
26 May, 2025 News Image India becomes world's fourth largest economy, overtaking Japan: NITI Aayog CEO.
India has become the fourth largest economy in the world, overtaking Japan, NITI Aayog CEO B V R Subrahmanyam said on Saturday. Briefing reporters after the 10th Governing Council meeting of Niti Aayog, Subrahmanyam said overall geopolitical and economic environment is favourable to India. 'We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I speak,' he said.
 Source:  economictimes.indiatimes.com
26 May, 2025 News Image India, Maldives to review implementation of economic, maritime security partnership on Monday.
External Affairs Minister S Jaishankar and his Maldivian counterpart Abdulla Khaleel will on Monday take stock of the implementation of the India-Maldives comprehensive economic and maritime security partnership. Khaleel, accompanied by a high-level delegation, is paying a three-day visit to India beginning Sunday evening. It is his third trip to India this year. The India-Maldives vision document on comprehensive economic and maritime security partnership was adopted by Prime Minister Narendra Modi and Maldivian President Mohamed Muizzu in October last year.
 Source:  economictimes.indiatimes.com
26 May, 2025 News Image India, Brazil to sweeten global sugar output in 2025-26.
Increase in sugar production in India and Brazil on account of favourable weather conditions is set to drive higher global output of the sweetener during the 2025-26 marketing year, starting October. According to the US Department of Agriculture (USDA), this increase will help offset the decline in the European Union. Brazil and India are the top two sugar producers in the world followed by the EU.
 Source:  thehindubusinessline.com
26 May, 2025 News Image Preparations for ‘Viksit Krishi Sankalp Abhiyan’ in Final Stage under Union Minister Shri Shivraj Singh Chouhan’s Leadership.
Under the leadership of Union Minister for Agriculture & Farmers' Welfare, and Rural Development, Shri Shivraj Singh Chouhan, preparations for the ‘Viksit Krishi Sankalp Abhiyan’ are now in their final stages. This nationwide campaign will be formally launched on 29th May from the sacred land of Puri, Odisha. The Indian Council of Agricultural Research (ICAR) and the Ministry of Agriculture & Farmers' Welfare, in collaboration with state governments, are fully engaged in the planning and execution of this massive initiative. As part of these preparations, Shri Shivraj Singh Chouhan addressed agricultural scientists from across the country at NASC Complex, New Delhi.
 Source:  pib.gov.in
26 May, 2025 News Image Pakistan rice exports in trouble on internal, external conflicts.
Pakistan rice exports in trouble as the unrest in Sindh has added the problems it is facing in shipping its consignments, after its bilateral relations with India deteriorated. In April, Pakistan rice exports declined to a little less than 44,000 tonnes, the lowest during the country’s current fiscal to June, data released by the State Bank of Pakistan showed.
 Source:  thehindubusinessline.com
26 May, 2025 News Image Piyush Goyal meets EU counterpart for second time in a month on FTA talks.
Commerce and Industry Minister Piyush Goyal has met European Commissioner for Trade Maros Sefcovic in Brussels, their second meeting within a month, to discuss the proposed free trade agreement (FTA), currently under negotiation between the two regions. Goyal travelled to Brussels on May 23 from Washington, while India's chief negotiator L Satya Srinivas and his team are already at the EU headquarters for the FTA negotiations. The Indian minister held meetings with his EU counterpart earlier this month.
 Source:  economictimes.indiatimes.com
26 May, 2025 News Image BRICS trade ministers' meet: India calls for dismantling export controls among members.
India has urged member nations of BRICS group to dismantle export controls within the bloc to boost trade, an official statement said on Friday. Representing India at the 15th BRICS trade ministers' meeting in Brazil, Economic Adviser in Department of Commerce Yashvir Singh emphasised the need to eliminate restrictive trade measures that disrupt critical supply chains. 'India used the platform to oppose export controls among BRICS members, encouraging mutual support within the bloc,' the commerce ministry said.
 Source:  economictimes.indiatimes.com
26 May, 2025 News Image Piyush Goyal meets US commerce secretary for 2nd time in a week to discuss proposed trade pact.
Commerce and Industry Minister Piyush Goyal on Friday met US Commerce Secretary Howard Lutnick in Washington, their second meeting within a week, to discuss the proposed bilateral trade agreement currently under negotiation between the two countries. On May 20 also, Goyal held a meeting with Lutnick to expedite the talks on the first phase of the trade pact. 'Held a constructive meeting with Secretary @HowardLutnick for a mutually beneficial trade agreement. Committed to enhancing opportunities for our businesses and people,' Goyal said in a post on X.
 Source:  economictimes.indiatimes.com
23 May, 2025 News Image India has scope to grow exports as supply chains are changing.
An opportunity to grow exports is knocking on India’s door as supply chains are getting redrawn and steps which raise mid-tech labour-intensive exports can boost the country’s trade interlinkages, mass consumption, investment, and GDP growth, according to an HSBC report released on Thursday. While there is a general sense that India is mostly a domestic demand-driven economy, it is in periods of rising integration with the world that India has grown its fastest, the report states.
 Source:  thehansindia.com