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China faces plastic overcapacity; strains global trade relations

Some sectors of China's vast petrochemical industry are operating at half capacity as producers scale back.Read more

Focus on incremental reforms

According to a recent report of DSP Mutual Fund, the manufacturing sector's contribution to India's GDP is anticipated to rise from 14 per cent in FY24 to 21 per cent by FY34, bolstered by lower logistics costs and improved infrastructure. Read more

India to become landfill for Chinese products amid US Beijing tariff war; GTRI

These tariffs include a 100% duty on electric vehicles, a 50% duty on semiconductors, and a 25% duty each on electric vehicle batteries originating from China.Read more

India's imports from ASEAN FTA partners; $187.92 billion in FY24

Exports to Asean countries grew from $37.47 billion in FY19 to $41.21 billion in FY24, marking a 9.96 per cent increase. Read more

GTRI urges govt to maintain import duties on smartphone components

The think tank suggested that maintaining the current import tariffs, ranging from 7.5 to 10% on imported smartphone parts, is essential for balancing industry growth and ensuring long-term development.Read more

India's medical device imports surge by 21%, sparks calls for policy re-evaluation

The top five HS codes, constituting almost 80% of total imports, witnessed a 26% increase, notably in consumables and equipment (HS code 9018), which saw a 14% rise to approximately Rs 18,700 crore, forming 32% of the import basket.Read more

India's 2023 exports decline 5.3%, electronics shines amid challenges

According to the Global Trade Research Initiative (GTRI), India's merchandise exports are projected to decrease to $429 billion in 2023 from $453 billion in 2022, representing a 5.3% fall.Read more

Indian industries concern over EU Carbon tax data demands

This issue was raised during a meeting convened by the Ministry of Commerce on September 6, where government representatives discussed the challenges associated with the European Union's implementation of a carbon tax.Read more

Indian auto industry discusses changing dynamics of global trade policies

SIAM organizes the Auto Trade Dialogue at Auto Expo 2023 on the fourth day, foreign delegates discuss dynamics of Global Automotive Trade Policies with Indian industrialist and policy makersRead more

Union Cabinet gives nod to India's National Logistics Policy

The policy aims to reduce logistics costs and help in increasing India's share in the global trade. Policy to ensure technologically-enabled, integrated, cost-efficient, resilient and sustainable logistics ecosystem for accelerated and inclusive growth.Read more

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