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Mint Explainer | How India’s trade deals have evolved

Livemint

Livemint · 28d ago

Mint Explainer | How India’s trade deals have evolved

The India-UK free trade agreement reflects a strategic evolution in India’s trade deals, offering insights to countries like the US, Europe, and others negotiating similar agreements with India. Initially, India's trade deals were unsuccessful, but adjustments in strategy have led to improved outcomes. The India-UK pact serves as a notable example of this progression, demonstrating India's enhanced approach to securing beneficial trade arrangements.

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India refuses to play 'dead economy'. Will Trump back off?

Economic Times

Economic Times · 24d ago

India refuses to play 'dead economy'. Will Trump back off?

India has responded firmly to the U.S.’s imposition of 25% tariffs on its goods, with Commerce Minister Piyush Goyal asserting that India will not yield to unfavorable trade deals or deadlines. Goyal emphasized India’s strategic confidence, rejecting Trump’s characterization of India as a “dead economy” and highlighting India’s growth potential. The firm stance signals India’s insistence on fair trade negotiations that protect domestic interests, urging the U.S. to reconsider its approach for a mutually beneficial relationship.

Trump’s new tariffs may open doors for India’s textiles, but tough rivals remain in play

Economic Times

Economic Times · 1m ago

Trump’s new tariffs may open doors for India’s textiles, but tough rivals remain in play

The recent tariff impositions by the Trump administration have created opportunities for India’s textile industry, as Bangladesh faces a 35% duty while India deals with a 10% baseline tariff. Indian exporters are cautiously optimistic, navigating global competition and awaiting favorable trade negotiations with the USA. The tariffs have created a competitive advantage for India, particularly in natural garments, but challenges remain in scaling production and expanding capacity amidst international cost disparities and market pressures.

Mission 500: Donald Trump, PM Modi agree to double bilateral trade to $500 bn by 2030, sources to BT

Business Today

Business Today · 5m ago

Mission 500: Donald Trump, PM Modi agree to double bilateral trade to $500 bn by 2030, sources to BT

Donald Trump and PM Modi have agreed to increase bilateral trade between the U.S. and India to $500 billion by 2030. This agreement does not involve any commitment from India regarding trade tariffs. In the fiscal year 2023-24, the U.S. was India’s largest export market, accounting for 17.74% of India’s total exports, with Indian exports to the U.S. totaling $77.52 billion.

Bhavish Aggarwal shares Ola Electric’s design philosophy, says ’function defines form’ in nature | Mint

Livemint

Livemint · 1y ago

Bhavish Aggarwal shares Ola Electric’s design philosophy, says ’function defines form’ in nature | Mint

Ola Electric Mobility's CEO, Bhavish Aggarwal, shared the company's design philosophy in a social media post. Aggarwal emphasized the importance of function over form and how nature serves as the best inspiration in creating balanced products. He mentioned the ongoing debate in the automotive industry regarding form versus function and highlighted that everything in nature has evolved to maximize its function. Ola Electric recently went public and focuses on manufacturing electric vehicles, including scooters and motorcycles.

Five chapters finalised in India-EU FTA

Economic Times

Economic Times · 2m ago

Five chapters finalised in India-EU FTA

India and the EU have concluded five chapters in their proposed Free Trade Agreement (FTA), focusing on intellectual property, customs, and trade facilitation, during the 11th round of negotiations in New Delhi. The discussions also covered easing certification processes under India’s Quality Control Orders. The 12th round is anticipated in Brussels in July, with continuous engagement expected, aiming to finalize the FTA by 2025. Substantial progress was made on digital trade facilitation provisions.

India can't cross certain red lines: Top officials to Parliamentary panel on trade negotiations with US

Economic Times

Economic Times · 13d ago

India can't cross certain red lines: Top officials to Parliamentary panel on trade negotiations with US

Top Indian officials have emphasized the challenges in ongoing trade negotiations with the US, stating there are non-negotiable red lines India cannot cross. Despite these tensions, India remains committed to resolving issues through dialogue. The discussions highlighted the broader context of Indo-US relations, including extradition approvals and designations of terrorist organizations. Efforts are underway to diversify trade partners and expedite negotiations with the EU, reflecting India’s strategic approach to foreign trade relations.

US-China trade war: Indian airlines may benefit from Boeing’s ‘unsold fleet’

Business Today

Business Today · 4m ago

US-China trade war: Indian airlines may benefit from Boeing’s ‘unsold fleet’

The US-China trade war opens a window for Indian airlines like Air India Express and Akasa Air to benefit from Boeing's unsold fleet. As China avoids purchasing Boeing aircraft due to US tariffs, India could capitalize on nearly 100 idle Boeing 737 MAX jets China originally ordered. With Air India’s large order for Boeing aircraft, Indian carriers are positioned well to strengthen their fleets, potentially negotiating favorable deals with the manufacturer amid shifting global priorities.

ETtech Explainer: Why Uber is in hot water over ‘advance tipping’

Economic Times

Economic Times · 3m ago

ETtech Explainer: Why Uber is in hot water over ‘advance tipping’

Uber is facing criticism over its Advance Tip feature, which encourages users to tip drivers before booking to potentially receive faster service. The Indian government, led by union minister Pralhad Joshi, and the Central Consumer Protection Authority (CCPA) have deemed the feature unethical, labeling it an unfair trade practice. Social media users and other ride-hailing apps are also in uproar. Previously, Uber faced scrutiny for alleged pricing disparities based on mobile operating systems.

Sensex, Nifty 50 trim weekly gains as Kashmir attack fuels geopolitical concerns

VCCircle

VCCircle · 4m ago

Sensex, Nifty 50 trim weekly gains as Kashmir attack fuels geopolitical concerns

The Nifty 50 and Sensex indices fell slightly on Friday, limiting their weekly gains due to concerns over geopolitical tensions after a militant attack in Kashmir. Despite rising earlier in the week, the indices faced broad-based sectoral losses. The IT index gained notably due to favorable earnings outlooks. In contrast, domestic small-cap and mid-cap stocks fell as risk aversion increased. Positive foreign inflows and potential trade deals are market tailwinds amidst uncertainty over India’s response to the attack.

Mint Quick Edit | India’s trade has held up

Livemint

Livemint · 2m ago

Mint Quick Edit | India’s trade has held up

India's trade data for May provided relief amid global uncertainties, with exports remaining steady and the trade gap narrowing. Despite concerns about the ongoing tariff war's potential impact, India's merchandise shipments have held up well. Exports slightly decreased from $39.6 billion to $38.7 billion compared to the previous year, but no signs of a trade crisis were evident. The situation suggests cautious optimism but warns that nothing can be taken for granted.

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