Economy News ( English version)

India's apple imports are facing disruption. Geopolitics are influencing prices this harvest season. Traders are avoiding Turkish apples due to political tensions. The Attari-Wagah border closure halts Afghan imports. This may increase prices for Kashmiri and Himachali apples. Iranian apple imports are risky. India's domestic production is less tha […]

India has reserved its rights to impose retaliatory duties on the US concerning tariffs on auto parts, a procedural move under WTO safeguards. This action won't impede ongoing negotiations for the proposed India-US trade pact, aiming to significantly increase bilateral trade.

Union Minister Piyush Goyal highlighted that new technologies will drive India's growth, emphasizing the country's shift towards becoming a nation of job creators. He underscored the government's commitment to fostering innovation through initiatives like the Fund of Funds for Startups and the Research & Development and Innovation Scheme. […]

India and the Maldives have engaged in discussions to strengthen economic cooperation and trade, as highlighted during a meeting between officials in Male. Both nations are exploring new avenues for collaboration, with India emphasizing its role as a key development partner through infrastructure projects and financial support.

Despite heightened tensions and border closures, trade between Pakistan and India persisted in May, primarily through indirect channels. Imports from India reached a three-year high during July-May FY25, totaling USD 211.5 million, while exports from Pakistan remained minimal. Although formal trade suffered, unofficial trade, estimated at USD 10 billion annu […]