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Oct 21, 2025 News Image Exports record positive growth in 24 nations in Apr-Sep; reflect market diversification.
Reflecting a clear trend of market diversification, Indian exporters registered positive growth in 24 countries during the first half of the current fiscal year, even as shipments to the US declined due to high tariffs in September, official data showed. These 24 countries include Korea, UAE, Germany, Togo, Egypt, Vietnam, Iraq, Mexico, Russia, Kenya, Nigeria, Canada, Poland, Sri Lanka, Oman, Thailand, Bangladesh, Brazil, Belgium, Italy and Tanzania.
 Source:  economictimes.indiatimes.com
Oct 21, 2025 News Image India's counter-tariff strategy begins to show results.
After the United States under President Donald Trump imposed a sweeping 50% tariff on a large basket of Indian exports, India's trade outlook began appearing gloomy. The tariffs impacted more than 60% of India’s exports to the US, including critical labour-intensive sectors such as textiles, gems and jewellery, marine products and leather goods, while some sectors such as pharmaceuticals, electronics.
 Source:  economictimes.indiatimes.com
Oct 21, 2025 News Image India pushes to expand rupee settlement with key trade partners.
India’s central bank is taking active steps to allow free-trade partners to settle transactions with it more easily in the rupee, a person familiar with the matter said, a move that could help boost the local currency over time. Initial steps include establishing direct rupee rates that don’t rely on a third currency, such as the US dollar, for cross-reference, said the person familiar with the central bank’s thinking, asking not to be named because the discussions are private.
 Source:  economictimes.indiatimes.com
Oct 21, 2025 News Image Pacts with UK, EFTA to bring in $100bn investments: Piyush Goyal.
Minister of Commerce and Industry Piyush Goyal on Sunday listed the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) which has now come into force, and his meeting with UK Prime Minister Keir Starmer in Mumbai to advance the India-UK trade and investment partnership as major highlights of his ministry in the last fortnight.
 Source:  economictimes.indiatimes.com
Oct 21, 2025 News Image Finance Minister Sitharaman inaugurates pulse processing unit in Raichur, pledges support to farmers.
Finance Minister Nirmala Sitharaman on Thursday assured farmers that the government will continue support to improve their income. She inaugurated the Farmers’ Training and Common Facility Centre in Karnataka’s Raichur district aimed at boosting the pulse value chain and empowering farmers.
 Source:  economictimes.indiatimes.com
Oct 21, 2025 News Image Nirmala Sitharaman inaugurates Farmers' Training Centre in Karnataka under MPLAD scheme.
Union Finance Minister Nirmala Sitharaman on Friday inaugurated a Farmers' Training and Common Facility Centre under the MPLAD scheme here. The centre in Kasapura village aims to train self-help groups (SHGs) and farmers through Farmer Producer Organisations (FPOs) to enhance value addition to their agricultural produce, officials said.
 Source:  economictimes.indiatimes.com
Oct 21, 2025 News Image Andhra Pradesh sets 51 lakh tonne paddy procurement target for 2025-26 Kharif season: Minister.
Andhra Pradesh Civil Supplies Minister N Manohar on Friday said the state government has set a target of procuring 51 lakh tonnes of paddy during the 2025-26 Kharif season. Manohar noted that the NDA coalition government cleared Rs 763 crore dues allegedly left unpaid by the previous YSRCP administration, which had pending payments exceeding Rs 1,500 crore. Last year, the state procured 34 lakh metric tonnes of grain.
 Source:  economictimes.indiatimes.com
Oct 21, 2025 News Image Tamil Nadu expands paddy storage by 3 lakh metric tonnes, total capacity exceeds 7 lakh tonnes.
Tamil Nadu Minister for Food and Civil Supplies R Sakkarapani on Friday said the state government is setting up additional storage facilities with a capacity of 3 lakh metric tonne for paddy. Combined with the existing storage capacity of 4.63 lakh metric tonne, the total infrastructure to hold the paddy would exceed 7 lakh metric tonnes, he informed the Assembly.
 Source:  economictimes.indiatimes.com
Oct 17, 2025 News Image India aims to double agri exports, open new global markets for rice in five years: Minister Pralhad Joshi.
Over the next five years, India aims to double its agricultural and agri-based exports and open new global markets for Indian rice, Pralhad Joshi, Minister of Consumer Affairs, Food and Public Distribution, said in a video message, 'Over the next 5 years, we aim to reform and modernize the public distribution system, double Agri and Agri based exports and open new global markets for Indian rice,' he noted.
 Source:  tribuneindia.com
Oct 17, 2025 News Image India a bright spot in a fragmented global economy, but must deepen trade ties: IMF MD Kristalina Georgieva.
India remains one of the strongest pillars of global growth even as the world economy turns more unpredictable amid rising tariffs, uneven expansion, and the rapid advance of artificial intelligence (AI), International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday. Answering ET Online's query at an IMF press conference, Georgieva said, 'India is one of the fastest growing economies. Given its size, it contributes to global growth substantially. India is where it is because it has pursued very significant reforms—tax reform, investing in infrastructure, digital infrastructure, but also roads, connectivity in the country. That has injected this growth potential.'
 Source:  economictimes.indiatimes.com