GTRI
India blocks battery waste exports to recover more lithium, nickel and cobalt at home
India has enforced a ban on exporting lithium-ion battery black mass to promote local recycling initiatives. The prohibition aims to ensure that valuable materials from battery waste remain accessible for domestic refiners. This regulation will help reduce reliance on imported materials essential for battery manufacturing. Furthermore, the decision addresses the capacity issues faced by local recycling facilities in processing battery waste.
India's battered rupee finds an unlikely rescue party in cheaper oil and Wall Street's AI rout
As crude oil prices fall, India's import costs see a positive shift, bolstering the rupee's steadiness. The return of foreign portfolio investors to the Indian equities market, following significant sell-offs in October, has led to the rupee appreciating against the dollar. Enhanced energy supply is expected to mitigate inflation risks, contributing to a potential stabilization range of ₹92 to ₹93 per dollar for the currency.
Trump's midterm poll setback won't derail India-US trade talks: Official
India and the US are continuing technical negotiations on the first tranche of their proposed bilateral trade agreement, with a US customs and trade facilitation team visiting New Delhi on November 2-3. Officials said the talks will continue despite the Republican Party losing its majorities in both chambers of Congress. India is seeking lower US tariffs than those faced by competitors such as Bangladesh, Vietnam and Cambodia.
American midterm results will not have an impact on India-US interim trade deal: Sources
The Democrats' sweeping victory in the US midterm elections is unlikely to affect the India-US interim trade agreement, as the pact does not require formal Congressional ratification, sources said. However, ongoing Section 301 investigations into forced labour and excess industrial capacity could influence Washington's tariff structure and the finalisation of the agreement.
Trump's midterm election setback may fast-track India-US trade deal within two months says founder, GTRI
Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI) said the election results could push Trump to focus more on trade negotiations and expedite the proposed agreement with India.
Trump's midterm setback may put India under pressure for quick trade deal on US terms: GTRI
Amid electoral challenges, US President Donald Trump is likely to ramp up pressure on India to seal a trade deal. This potential agreement would require India to decrease import tariffs on US goods while the US keeps its tariffs intact. Analysts caution that such an arrangement may breach WTO MFN principles, undermining India's trade credibility. Additionally, compromising energy security and development aspirations could have serious implications.
Out of Europe? India's steel MSMEs battle data gaps, rising cost and EU's carbon wall
Smaller Indian steel exporters say they are struggling to obtain emissions data from raw-material suppliers and bear the cost of carbon accounting and verification under the EU’s carbon border rules.
India considers measures to boost local production of 100 critical inputs to cut import reliance, government official says
India is taking steps to encourage the local manufacturing of 100 key items that are currently imported. This initiative aims to decrease dependence on foreign suppliers, especially from China, to enhance domestic production capabilities. The government has identified these crucial items from a broader import list valued at $51 billion, which includes various sectors. By reducing reliance on imports, India hopes to strengthen its economy and mitigate supply chain risks.
India's gold import route changing course for a benefit all jewellers want
India is diversifying its gold import sources as expanding domestic refining capacity, tax incentives and the India-UAE trade pact reshape supply chains. Switzerland’s share of India’s bullion imports fell to 21.9% in FY26 from 42.4% five years earlier, while the UAE’s share rose to 16.5% from 10.8%, according to Crisil Intelligence.
India eyes a $20 billion pot of gold in New Zealand as its trade pact goes live
The free trade agreement between India and New Zealand promises to promote trade and enhance professional movement. While some goods may enjoy duty-free status, a significant rise in merchandise exports might take time. However, New Zealand's engagement in several service sectors holds potential benefits for Indian companies. The agreement also opens up new job opportunities for Indian students and creates pathways for skilled professionals.
India’s $100 billion European Free Trade Association cheque is slow to clear as Vietnam joins the club
Vietnam recently signed a free trade agreement with the European Free Trade Association, expanding its trade network. This agreement comes as India's interaction with EFTA continues to evolve, with potential impacts on competition. Both countries aim to enhance exports to these markets despite different timelines of agreement enactment.
India-New Zealand FTA comes into force, offers zero-duty access for Indian goods, new visa pathways
The India-New Zealand Free Trade Agreement (FTA) came into force on Tuesday, marking India's 17th operational free trade pact and opening up new opportunities for Indian exporters.
Trump's waiver of Graham law curbs comes as a relief to India, other Russian energy buyers
Trump’s waiver of Graham bill provisions could leave US navigating competing priorities: sustaining pressure on Moscow, containing domestic fuel costs and avoiding unnecessary trade disputes with major energy buyers. For India, the suspension offers immediate relief from a potentially damaging tariff escalation, but similar future threats have not disappeared.
Trump’s 100% Russian oil tariff U-turn has a catch India can’t ignore
GTRI has warned that Donald Trump’s waiver of threatened 100% tariffs on Russian oil buyers offers India only temporary relief, as Washington can reinstate the duties at any time. The think tank cited US purchases of Russian diesel, tariff protection for China and ongoing India-US trade talks as possible reasons for the move. It also urged New Delhi to protect its energy security and avoid permanent trade concessions in exchange for reversible tariff relief.
India needs to leverage FTAs, export promotion mission initiatives to boost shipments: CII's Budhia
Indian businesses are encouraged to utilise free trade agreements and the export promotion mission for expansion. Recent data shows that India’s merchandise exports have increased significantly over the past year. Services exports show a small decline yet cumulative growth remains positive compared to last year. Ongoing efforts aim to strengthen India’s overall export capabilities and international partnerships.
US has India as an ally and a target of investigation in the same manufacturing fight
India has aligned itself with a US-led initiative aimed at mitigating global manufacturing overcapacity, joining 15 nations in this cooperative effort. This initiative raises questions about the future of India’s expanding manufacturing sectors, particularly in solar modules and steel. Meanwhile, a US investigation continues, with conclusions anticipated by March 2027, further complicating the landscape for India’s domestic manufacturing ambitions and regulatory legitimacy.
US green-card freeze hits TCS, Infosys, Wipro; GTRI warns of wider IT curbs
The US government has suspended eight technology companies, including TCS, Infosys, Wipro and HCLTech, from the PERM green-card sponsorship programme, raising concerns over potential restrictions on foreign tech workers. A Global Trade Research Initiative (GTRI) report warns that curbs could extend to H-1B hiring and skilled-worker mobility. The move may push Indian IT firms to diversify markets and expand domestic delivery.
Keep UPI free, govt should withdraw proposed charges: GTRI
The Global Trade Research Initiative has urged the government to withdraw the proposed UPI charges set for October 15. Introducing fees on UPI transactions may adversely affect small businesses and consumer spending. Maintaining free UPI supports broader digital payments and benefits banks and payment apps. The anticipated changes could lead to higher prices for consumers and reduced earnings for merchants.
Sitharaman sees a ‘plateau’, but India-US trade deal may not be at a dead end yet: GTRI
As India and the US engage in talks for a bilateral trade deal, uncertainties loom over tariff treatments. Finance Minister Nirmala Sitharaman mentioned that the scope for concessions is limited, indicating a plateau. Ajay Srivastava from GTRI cautioned against making unilateral concessions, stressing that additional tariffs might complicate trade relations. An effectively designed interim agreement is crucial for ensuring substantial benefits for India.
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