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Searched Tag: imports
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India halts all imports from Pakistan citing security threat

May 3, 2025, 12:14 PM - 4 min read

India has banned all imports from Pakistan with immediate effect, citing national security in the aftermath of the deadly Pahalgam terror attack. The move forms part of broader punitive actions that include cancelling visas, expelling diplomats, and suspending the decades-old Indus Waters Treaty.

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India’s trade deficit shrinks, but yearly gap widens

India’s trade deficit shrinks, but yearly gap widens

January 15, 2025, 04:06 PM - 3 min read

India's merchandise exports dropped by 1% to USD 38.01 billion in December 2024, compared to USD 38.39 billion in December 2023. Imports rose by 4.8% to USD 59.95 billion, leading to a trade deficit of USD 21.94 billion for the month, as per government data.

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India's exports decline 9.3 pc to USD 34.71 bn in August

India's exports decline 9.3 pc to USD 34.71 bn in August

September 17, 2024, 05:59 PM - 1 min read

India's August trade deficit widened to USD 29.65 billion as exports fell 9.3% and imports rose 3.3%, with cumulative exports for April-August up 1.14% and imports up 7%.

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US's top trade partner, major deficit with China: GTRI

US's top trade partner, major deficit with China: GTRI

August 23, 2024, 03:46 PM - 3 min read

From January to June 2024, the US surpassed China to become India’s top trading partner. India’s trade deficit with China reached USD 41.6 billion, while overall exports grew by 5.41% to USD 230.51 billion, contributing to a record total foreign trade of USD 849 billion.

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India's services exports dip 1.3% in March, imports down by 2.1%

India's services exports dip 1.3% in March, imports down by 2.1%

May 2, 2024, 09:21 PM - 2 min read

Despite ongoing global challenges, India's services exports for fiscal year 2023-24 are estimated at USD 339.62 billion, with imports standing at USD 177.56 billion, contributing to an overall export projection of USD 776.68 billion, a slight increase from the previous fiscal year's USD 776.40 billion.

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India saves $7.9 billion in oil import bill, lowers Current account deficit through Russian oil deals

India saves $7.9 billion in oil import bill, lowers Current account deficit through Russian oil deals

May 2, 2024, 01:58 PM - 2 min read

During April this year, India imported more Russian oil but less from Iraq and Saudi Arabia than it did a month earlier, according to data compiled by trade tracking agencies Kpler and LSEG.

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The US on Friday said it has raised concerns with India regarding the import regime of certain information and communications technology products, including laptops and tablets, amid New Delhi's decision to restrict inbound shipments of such products.

US continues to raise concerns with India on import regime of certain IT hardware goods: US report

March 30, 2024, 12:52 PM - 2 min read

The report alleged that the ‘opaque and unpredictable’ nature of India’s application of quantitative restrictions has affected the ability of US exporters to access the market.

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India set to become exporter of forged wheels used in railways: Ashwini Vaishnaw

India transitions from importer to exporter of forged train wheels, boosting railway industry; aims for global market

March 14, 2024, 04:10 PM - 2 min read

The Indian Railways has partnered with Ramakrishna Forgings Ltd to establish a manufacturing facility for forged wheels in Gummidipoondi, Tamil Nadu, with an initial investment of Rs 650 crore. The plant is expected to have a production capacity of 2.5 lakh wheels, out of which 80,000 will be utilized domestically, and the remaining 1.70 lakh wheels will be exported.

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Prahlad Joshi

Coal Ministry aims to fulfill 874 million tonnes power sector demand in FY 2024-25 ; targets zero coal imports by 2026, saving billions

March 13, 2024, 02:29 PM - 2 min read

In FY24, coal imports for blending stood at approximately 22.20 million tonnes, down from 30.80 million tonnes in FY 2022-23. The government is striving to eliminate coal imports entirely by 2026.

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Indian government has authorized the export of 4,750 tonnes of onions to Bhutan, Bahrain, and Mauritius

India allows 4,750 tonnes of onion exports to Bhutan, Bahrain, and Mauritius; imposes import restrictions on premium duck Meat; revises yellow pea imports

March 6, 2024, 10:56 PM - 2 min read

In a move to strengthen trade ties, the DGFT has approved the export of 4,750 tonnes of onions to Bhutan, Bahrain, and Mauritius, while also implementing import restrictions on premium duck meat for hotels and restaurants, and revising registration timelines and procedures for yellow pea imports on Wednesday.

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India has initiated an anti-dumping probe into imports of certain solar glass from China and Vietnam, following a complaint by domestic players.

India initiates anti-dumping probe into imports of solar glass from China, Vietnam

February 16, 2024, 11:59 AM - 2 min read

"On the basis of the duly substantiated application by the domestic industry, and having satisfied itself, on the basis of prima facie evidence submitted by the applicant substantiating the dumping and consequent injury to the domestic industry, the authority hereby initiates an anti-dumping investigation into the alleged dumping," the notification said.

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