PM Modi on 'deepening bilateral ties, boosting trade' with Belgium King.
Prime Minister Narendra Modi on Thursday spoke to King Philippe of Belgium, where he discussed the deepening of India-Belgium strong bilateral ties. PM Modi said that he appreciated the recent Belgian Economic Mission to India led by Princess Astrid. In a post on X, he said, 'It was a pleasure to speak with HM King Philippe of Belgium. Appreciated the recent Belgian Economic Mission to India led by HRH Princess Astrid.
Source: tribuneindia.com
Indian exports soften on global tariff uncertainties, government says.
India's export growth has softened in the current fiscal year due to global tariff-related developments that have raised trade risks and affected investments and trade flows, the government said in its February economic report on Wednesday. Uncertainties around trade policies, geopolitical tensions, and volatile commodity prices pose significant risks to next year's growth outlook, the government said, while retaining its growth estimate for the fiscal year 2024/2025 at 6.5%.
Source: reuters.com
India's exports are bound to grow despite global uncertainties: DGFT.
India's exports are bound to grow in the coming years despite uncertainties over global trade and tariff, a senior government official said on Wednesday. Director General of Foreign Trade Santosh Kumar Sarangi said that exporters should tread the path pragmatically and wisely to navigate the current global trade contours. He also said that the current scenario presents a 'golden' opportunity for India to do a variety of things which will propel exports and increase manufacturing competitiveness.
Source: economictimes.indiatimes.com
India 1st, Thailand 2nd…, list where India’s dominance leaves US and China far behind as it leads global market in…
Rice is a major commodity in global trade, and India holds the top spot as the world’s largest rice exporter. Even a small policy shift by India can significantly impact international rice prices. Following India, the other major rice-exporting countries include Thailand, Vietnam, Pakistan, China, and the United States.
Source: india.com
India, US engaged in ‘very active, intense’ trade negotiations, says Jaishankar.
India and the US are engaged in 'active and intense' negotiations for a trade deal and the Trump administration has shown it is more open to forging a stronger partnership with New Delhi in crucial areas such as defence, energy and tech, external affairs minister S Jaishankar said on Wednesday.
Source: hindustantimes.com
3rd Session of India-Uganda Joint Trade Committee held in New Delhi.
The Third Session of the India-Uganda Joint Trade Committee (JTC) was held in New Delhi on 25th-26th March 2025. The session marked a significant step in strengthening India-Uganda trade relations after a gap of 23 years. Both sides reviewed the bilateral trade and agreed that the current trade volume does not reflect the full potential of economic collaboration. They resolved to take concerted efforts to enhance, deepen, and diversify bilateral trade. Discussions were also held on the formation of an India-Uganda Joint Business Forum to facilitate increased engagement between industry leaders from both nations.
Source: pib.gov.in
India surpasses Sri Lanka to become second largest tea exporter.
Finally, the Indian tea industry, which has been reeling under problems for years, has something to cheer about. According to data released by the Tea Board of India, India has exported 254 million kg of tea in 2024, thus becoming the second-highest exporter in the world. While Kenya retained the first spot in global tea exports, India surpassed Sri Lanka to take the second spot. Kenya exported over 500 Mkg of tea in 2024.
Source: timesofindia.indiatimes.com
India seeks easier export rules as US pushes for lower tariffs.
India-US trade discussions that kicked off on Wednesday focused on reducing India's tariff levels on goods imported from the US to the same levels as what US levies on such imports from India, two people aware of the talks said. The effort aims to avert US reciprocal tariffs that US president Donald Trump has promised to roll out on 2 April.
Source: livemint.com
India may play bigger role in global value chains soon.
The NITI Aayog is working on a programme to improve India's penetration into global value chains for the growth of domestic micro, small and medium enterprises (MSMEs), its chief executive BVR Subrahmanyam said on Wednesday. Observing that MSMEs are more affected by regulations than large companies, he said the PM has taken a major step towards deregulation and a task force under the cabinet secretary is working on it. Subrahmanyam was addressing a gathering after launching the 'Digital Excellence for Growth and Enterprise' (Dx-EDGE), a platform to empower MSMEs with the tools, knowledge and ecosystem needed to become future-ready, competitive and resilient.
Source: economictimes.indiatimes.com
Potato Powerhouse: India’s Global Surge in Potato Production and Exports.
In recent years, India has solidified its position as a potato powerhouse on the global stage, impressively emerging as the second-largest producer of potatoes worldwide. As detailed in a podcast episode from the State of the Economy, hosted by Subramani Ra Mancombu with Mr Haresh Karamchandani, Managing Director & Group CEO of HyFun Foods, we delve into this remarkable rise and its implications for both Indian and global food markets.
Source: potatopro.com