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Jun 20, 2025 News Image India’s Trade With G7 Nations Hits $248 Bn In FY25: Report.
India’s merchandise trade with G7 nations reached USD 248 billion in the financial year 2024–25 (FY25), growing at a compound annual rate of 13 per cent since FY21, according to data released by Rubix Data Sciences on Tuesday. Exports to the G7 — comprising the United States, United Kingdom, Germany, France, Italy, Canada and Japan — stood at USD 138 billion, while imports were recorded at USD 110 billion, resulting in a trade surplus of USD 28 billion. India maintained a surplus with four of the seven countries: the US, UK, France and Italy.
 Source:  businessworld.in
Jun 20, 2025 News Image India seeking trade deals with rich, democratic countries: Goyal.
Commerce and Industry Minister Piyush Goyal said on Thursday the government was interested in doing trade deals with rich countries and democratic allies, as he distanced himself from previous governments’ efforts to explore deals with countries he considered competitors. Mr. Goyal’s comments were made at the India Global Forum 2025 conference, during a conversation with Ian Blatchford at London’s Science Museum.
 Source:  thehindu.com
Jun 20, 2025 News Image Union Minister of Commerce & Industry, Shri Piyush Goyal Showcases India’s Strategic Economic Vision at India Global Forum 2025 in London.
Union Minister of Commerce & Industry, Shri Piyush Goyal showcased India’s strategic global outlook and economic leadership at the India Global Forum (IGF) 2025 in London today. His visit marks a significant moment following the historic signing of the India–UK Free Trade Agreement (FTA) in May 2025.
 Source:  pib.gov.in
Jun 20, 2025 News Image Sealed Over Ice Cream: India-UK Free Trade Agreement Finalised During Hyde Park Stroll.
The India–UK Free Trade Agreement (FTA), finalised on 6 May 2025, was sealed not across negotiating tables, but over an impromptu walk and a chocolate ice cream in London’s Hyde Park. The casual meeting between Indian Commerce and Industry Minister Piyush Goyal and UK Business and Trade Secretary Jonathan Reynolds settled the remaining differences in what has been described as a 'balanced' and 'practical' trade pact.
 Source:  timesnownews.com
Jun 19, 2025 News Image Centre calls States’ meet on June 24 to discuss follow-up action after ‘Lab to Land’ campaign ends.
Union Agriculture Minister Shivraj Singh Chouhan today announced a comprehensive review of the recently concluded 'Viksit Krishi Sankalp Abhiyan,' a 15-day campaign aimed at bridging the gap between agricultural research and farmers. He will chair a meeting on June 24 with State agriculture ministers, officials, and scientists to assess the campaign’s outcomes and formulate future action plans. Virtual participation will be available for those unable to attend the meeting physically.
 Source:  thehindubusinessline.com
Jun 19, 2025 News Image India-Ukraine 1stJoint Working Group Meeting on Agriculture Held.
The first Joint Working Group (JWG) meeting on Agriculture was held between India and Ukraine today in virtual mode. The meeting was co-chaired by Shri Ajeet Kumar Sahu, Joint Secretary (IC), Department of Agriculture & Farmers Welfares and Ms. Oksana Osmachko, Deputy Minister of Agrarian Policy and Food of Ukraine. Officials from both countries emphasized that the meeting marks an important milestone in strengthening bilateral cooperation in agriculture and allied sectors.
 Source:  pib.gov.in
Jun 19, 2025 News Image No major economic impact of Iran-Israel conflict, but vigil up: India official.
The ongoing Israel-Iran conflict is unlikely to have any major economic impact on India unless it escalates into a broader and protracted regional conflagration but the government is keeping a close watch on the evolving situation, a senior official said. The conflict, however, could potentially stoke volatility in global crude oil prices, capital flows, currency movement and shipping costs in the short term, the official conceded.
 Source:  economictimes.indiatimes.com
Jun 19, 2025 News Image Union Minister of Commerce and Industry Shri Piyush Goyal Embarks on Official Visit to the United Kingdom from 18–19 June 2025.
Union Minister of Commerce and Industry Shri Piyush Goyal is on a high-level official visit to the United Kingdom from 18th to 19th June 2025. The visit underscores India’s strategic focus on strengthening its economic and trade partnership with the UK, particularly in the backdrop of the announcement by the two Prime Ministers to conclude the India–UK Free Trade Agreement (FTA).
 Source:  .pib.gov.in
Jun 19, 2025 News Image FAS USDA forecasts record Indian rice harvest and exports.
In the 2025/2026 season, which begins on October 1, India may harvest 150 million tonnes of rice, the Foreign Agricultural Service of the US Department of Agriculture (FAS USDA) predicts. The current season’s harvest is estimated at a record 149.0 million tonnes. From October 2024 to March 2025, India has already exported 12.7 million tonnes of rice, which is 5.6 million tonnes more than in the same period last season. If the export pace does not slow down until the end of the season, the volume of rice exports for the entire current season will amount to a record 24.5 million tonnes.
 Source:  ukragroconsult.com
Jun 19, 2025 News Image 'India's exports share growth among fastest over 2010-23'.
India's export sector demonstrates resilience. A new report suggests a steady upward trend from 2010 to 2023. India's growth rate is the highest among major economies. The country outperforms the EU, China, and the US. Trade policies and export initiatives contribute to global integration. Total exports reached $776.3 billion in 2022-23.
 Source:  timesofindia.indiatimes.com