INDONESIA TRADE AGREEMENT
India bonds emerge as top Asian performers as oil, Treasury yields decline
This week, Indian government bonds saw a positive trend following a Democratic win in the U.S. midterm elections. The reduction in oil prices and Treasury yields eased rupee pressure, boosting investor confidence. The benchmark bond yield improved significantly, declining by approximately 22 basis points. Furthermore, the surge in foreign investments into Indian bonds marked a notable high since July, leading to enhanced overall market sentiment.
Reset will keep India busy as Trump’s midterm loss redraws US politics
The recent US midterm elections have significant implications for international relations and the economy. Incoming policies may impact trade agreements between India and the US, affecting both countries' economies. Additionally, potential conflicts involving Iran could influence energy prices in India, creating economic uncertainty. The evolving political landscape in Washington will require India to adjust its diplomatic strategies.
India has never allowed genetically modified products' import, won't do in future: Piyush Goyal
India continues to maintain a strict policy against the import of genetically modified products, as stated by Minister Piyush Goyal. He highlighted that the dairy sector remains particularly sensitive and has not been opened in trade agreements. Goyal emphasized India's commitment to protecting its agricultural and fisheries sectors while seeking preferential market access for textiles and pharmaceuticals.
India has never allowed import of GM products, will never open dairy sector: Piyush Goyal
Commerce and Industry Minister Piyush Goyal emphasized India’s commitment to safeguarding its dairy sector from free trade agreement pressures. He reiterated the nation's opposition to imports of genetically modified products, considering them sensitive. Goyal mentioned efforts to unlock new employment opportunities and promote domestic agriculture for competitive exports.
US trade deal will protect all sensitive Indian interests, says Piyush Goyal
Commerce Minister Piyush Goyal said India’s trade deal with the US would protect sensitive interests, including those of farmers, and give the country a competitive advantage. He criticised opposition parties for questioning the agreement before its details were released, while defending India’s trade strategy and its decision to stay out of RCEP.
US demand slowdown hits apparel, diamond exporters as factories shut and orders dry up
The apparel industry in Noida is experiencing significant upheaval, with a reduction of operational units from 2,400 to 1,800 in just six months, all due to a decline in orders. The unpredictable US tariffs have caused confusion in negotiations and production timelines. In a related trend, Surat's diamond manufacturers have extended their Diwali shutdowns, resulting in the closure of roughly 300 small businesses.
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India, Mexico begin talks for trade pact; aim to boost commerce, investments
India and Mexico have initiated negotiations for a preferential trade agreement to enhance bilateral trade and investment. The agreement aims to create new economic opportunities while addressing market access, customs procedures, and trade facilitation. Discussions included organising a Mexican business mission to India in early 2027 to improve commercial ties. India had a trade surplus with Mexico, largely due to exports in autos and pharmaceuticals.
School assembly headlines for October 22: Top India, international, business and sports updates
School assembly news headlines for October 22, 2026, cover major national, international, business and sporting developments. Key updates include India-US trade talks, an SBI customer-data security incident, proposed incentives for solar farming, global conflicts and protests, and India’s growing medal tally at the Asian Para Games. Students can use these headlines to stay informed about current affairs and prepare for school morning assemblies.
Dr Doom, who predicted global financial crisis, has a forecast for India
Economist Nouriel Roubini, known as “Dr Doom” for predicting the 2008 Global Financial Crisis, sees India emerging as a major growth story over the coming decades. He believes easing US tariffs, deeper trade ties, friendshoring and continued reforms could strengthen India's economic prospects. However, India must accelerate growth towards 9% to create enough jobs for its young workforce as artificial intelligence reshapes employment and global manufacturers diversify beyond China.
Canada aims to seal India trade pact by year-end amid push to diversify ties
Canada aims to finalize a Comprehensive Economic Partnership Agreement with India by the end of this year. Foreign Minister Anita Anand emphasized the need for diversifying trade partnerships beyond reliance on the United States. Indian trade negotiators recently visited Canada as both nations work to strengthen economic ties. A significant uranium supply agreement between Cameco and India illustrates growing cooperation between the two countries.
Australia Work and Holiday- Subclass 462 Explained: Indians have limited opportunities to live, travel, and work
The Australia-India Economic Cooperation and Trade Agreement opens the door for young Indians to join the Work and Holiday visa program. With only 1,000 visas available each year, eligible candidates must enter a ballot to secure a chance to apply. Selected individuals can work in various fields, enhancing their international experience and English proficiency while exploring the beauty of Australia.
Industry body seeks higher duty on copper used in solar module
The Indian Primary Copper Producers Association has urged the government to raise customs duties on solar copper products. They recommend increasing the duty on solar PV ribbon and busbars from 5% to 10%. The association also requests maintaining existing duties on refined copper and copper pipes. Domestic production is underutilized due to imports from China affecting the market.
PM Modi's free trade push could lead to $140 billion GDP gain for India
A more protectionist US could unexpectedly benefit India as New Delhi expands its free-trade agreements (FTAs) to diversify export markets and attract investment. A World Trade Organization-based model estimates that India’s concluded and proposed trade deals, including agreements with the EU and New Zealand, could add about $140 billion to GDP by 2035, lifting it 1.7% above the baseline.
India, Asean push to expedite AITIGA review, next round of talks in New Delhi in January
A new review meeting for the Asean-India Trade in Goods Agreement will occur in January 2024. This meeting aims to assess progress and guide future negotiations between the parties involved. Previous discussions were held in Indonesia, where the committee urged expediency in addressing pending issues. Emerging trade topics such as sustainability and digital trade were highlighted as important considerations.
India to be fastest-growing large economy at 7.3% in 2026 as global trade slows to 4%, says UNCTAD
Global trade is projected to grow by 4% in 2026, which is slower than the 4.4% expansion in 2025. Increased trade values are driven by rising prices and strategic sector challenges due to policy changes. Trade between China and the US has declined, while East Asia's trade with both regions has increased. Developing economies show a bifurcation in growth rates, with India leading at 7.3% in 2026.
Global trade to grow 4% in 2026, slower than 4.4% in 2025: UNCTAD
Global trade is projected to grow by 4% in 2026, although slower than the previous year. The report indicates higher trade values resulting from energy price increases and export controls. Trade between China and the US has decreased significantly, while East Asia is expanding trade with both regions. Developing economies, particularly India, are expected to drive notable growth despite overall global economic slowdowns.
Next round of review meeting of ASEAN-India Trade in Goods Agreement to be held in Jan
India and ASEAN will hold the next review meeting of their goods trade agreement in January 2027, as both sides push to speed up negotiations on updating the 2009 pact. The joint committee has asked sub-groups to clear pending chapters and work to firm timelines, with ASEAN accounting for about 11% of India’s global trade.
US spice traders seek tariff exemptions for Indian spices under potential trade deal
American spice traders are optimistic about maintaining tariff exemptions for Indian spices to manage prices for consumers. The United States imports around USD 700 million in spices from India each year, indicating substantial market demand. The American Spice Trade Association is working with the Indian Embassy to strengthen trade ties. Growth in spice exports from India to the United States is expected to continue in future years.
Stocks in news: Titan, HCL Tech, Adani Ports and Utkarsh SFB
Indian equities extended their recovery on Tuesday, driven by positive global cues and corporate updates. The Nifty 50 index closed at 22,714.80, marking a gain of 195.05 points. Several companies, including Titan Company and HCLTech, reported encouraging business developments that are likely to impact their stock performance. Technical analysts suggest that the Nifty will remain constructive if it stays above 22,600.
Indonesia's mandatory halal rules may raise compliance burden for Indian exporters: GTRI
On October 17, Indonesia’s new halal-certification policies will take effect, significantly influencing Indian exporters across sectors. Encompassing food, cosmetics, medicines, and medical devices, these requirements are projected to increase operational costs. Indian businesses must obtain certifications from accredited entities to prevent customs disruptions and product recalls. This regulation, especially impactful for buffalo meat and pharmaceuticals, highlights the urgency of ensuring proper traceability and compliance ahead of the deadline.
Sun Pharma, Aurobindo Pharma, other stocks in focus as Trump exempts India from 100% tariffs on some speciality drugs
Indian pharma stocks, including Sun Pharma and Aurobindo Pharma, are in focus after the US exempted India and 19 other countries from 100% tariffs on certain patented specialty pharmaceuticals and ingredients. Eligible products include rare-disease drugs, gene and cell therapies, and infertility treatments. Generic medicines remain outside the Section 232 tariffs.
US exempts India and 19 nations from 100% tariff on certain speciality drugs: Report
The United States has announced it will exempt certain speciality drugs and ingredients imported from India and 19 other countries from tariffs. This decision follows US President Donald Trump's proclamation imposing a 100% tariff on specified patented pharmaceuticals. Drugs intended for rare diseases and infertility, along with their components, will qualify for the zero-tariff treatment. The exemption applies to 20 other jurisdictions that have trade agreements with the US.
US hiring appetite is healthy as economy powers ahead
The labor market in the US is poised for notable growth as nonfarm payrolls are anticipated to climb in September. Economists foresee the unemployment rate holding steady at a low 4.1%. Promising economic data highlights strong consumer spending and substantial capital investments, painting a picture of economic resilience.
Jaishankar meets Russia, Iran foreign ministers at UNGA days after Trump signs sanctions law
During the UN General Assembly, India's External Affairs Minister S. Jaishankar conferred with officials from Russia and Iran, highlighting vital areas like bilateral ties, BRICS collaboration, and the Gulf conflict. He reaffirmed India's focus on energy security in light of recent US sanctions. Furthermore, Jaishankar participated in discussions with the Gulf Cooperation Council to fortify partnerships, alongside co-chairing a dialogue centered on the ramifications of artificial intelligence on maritime security.
US, UK, China drive India's engineering goods exports in August
Engineering exports increased 24.86% on-year in August to $12.32 billion of which shipments to the US rose 31% to $2.2 billion, and to China were $424.65 million, up 75%.
India pitches for mutually beneficial trade at ASEAN meet
India highlighted its continued commitment to fostering strong trade partnerships and ensuring that regional trade agreements are mutually beneficial at the ASEAN-India Economic Ministers Consultation held in Manila, the Commerce Ministry said on Thursday.
El Nino weather pattern enters record territory: Scientist
The current El Niño is making waves as it ties for the strongest ever recorded, bringing serious consequences worldwide. With climate change intensifying its reach, global trade and natural systems are under strain.
India’s billion-dollar trade juggernaut has an unwanted case of missing balance
India’s early FTAs promised a two-way trade highway, but 15 years later the traffic looks decidedly one-sided. Deficits with ASEAN, Japan and South Korea have ballooned as imports raced ahead of exports. Trade experts say the answer is not to shut the road, but to repair it — from tariff imbalances and non-tariff barriers to poor FTA utilisation and costly inputs at home.
EEPC India calls for eliminating non-tariff barriers and smooth payment mechanism among BRICS nations
EEPC India calls on BRICS countries to dismantle non-tariff barriers and streamline payment systems. Such actions could greatly enhance India's engineering exports.
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