India has called on BRICS member and partner countries to strengthen economic cooperation by promoting trade in local currencies, linking payment systems and building more resilient supply chains amid growing global economic uncertainty. External Affairs Minister S. Jaishankar, addressing the BRICS Business Forum in New Delhi, said the grouping needs greater economic resilience while remaining...
India and the United States are working toward a trade relationship that is fair, reciprocal and mutually beneficial, US Ambassador to India Sergio Gor said on Wednesday, signalling continued momentum in negotiations between the two countries. Speaking at the 66th annual session of the Automotive Component Manufacturers Association of India (ACMA) in New Delhi, Gor...
The Bharatiya Janata Party has announced a major reshuffle of its national organisational structure under party president Nitin Nabin, bringing several experienced leaders into important positions while introducing a wider mix of regional, social and organisational representation. The new team was announced on Monday, seven months after Nitin Nabin took charge as the BJP’s national...
India is continuing negotiations with the United States for an interim trade agreement aimed at strengthening bilateral economic ties, while making it clear that discussions will be guided by national interests rather than external deadlines. Union Commerce and Industry Minister Piyush Goyal emphasized that India is focused on securing a fair and mutually beneficial arrangement...
New York: US Secretary of State Marco Rubio described India as a “critical partner” for the United States after meeting External Affairs Minister S. Jaishankar on Monday during the UN General Assembly session. According to the US State Department, Rubio appreciated India’s continued engagement on key areas including trade, defense, energy, pharmaceuticals, and critical minerals....
Dubai: UAE-based companies are set to ramp up their investments in India across multiple sectors, including infrastructure, data centres, banking, startups, and logistics, Commerce and Industry Minister Piyush Goyal said on Friday. Speaking to reporters during his visit for the 13th India-UAE High-Level Joint Task Force on Investments, Goyal highlighted that both nations have “reset...
The government is set to implement a 100-day transformation agenda aimed at accelerating India’s journey toward becoming a developed nation, Union Commerce and Industry Minister Piyush Goyal announced on Monday at the second Lokmat Global Economic Convention. Goyal said the agenda will align with the ‘Panch Prans’ (Five Pledges) outlined by Prime Minister Narendra Modi...
The Indian government on Wednesday said it has “taken note” of US President Donald Trump’s announcement imposing a 25% tariff plus penalties on India effective August 1 and is closely studying its implications. In a statement, the Ministry of Commerce and Industry emphasized that India remains committed to concluding a fair and mutually beneficial trade...
US President Donald Trump on Wednesday announced that India will face a 25% tariff along with an additional penalty starting August 1, 2025. The decision comes as part of Trump’s efforts to address what he described as India’s high tariffs, trade barriers, and continued purchases of oil and military equipment from Russia amid the Ukraine...
During Prime Minister Narendra Modi’s visit to the UK, a significant event will be the signing of a free trade agreement (FTA) between the two nations. Whisky, automobiles, electric vehicles, and textiles are among the sectors that will gain advantages following the agreement, the negotiations for which wrapped up in May after three years of...