The latest insights into India’s import-export trends, key industry shifts, recent policy changes, and how global dynamics shape India’s trade landscape. India’s overall trade, encompassing goods and services, is projected to surpass USD 814 billion in 2024, a 5.6% increase from the previous year. While merchandise exports from April 2024 to January 2025 showed modest […]
Russia’s 2024-25 wheat export forecast drops to 40.5 MMT, the lowest in years, due to declining shipments and logistical challenges impacting global wheat markets. Moscow, Russia: Russia’s wheat exports for the 2024-25 marketing year are now projected to total 40.5 million metric tons (MMT), marking a 1.5 MMT decrease from the previous forecast, according to
With India competing globally in turmeric production, can a GI tag help secure export markets? Experts weigh in on its impact on trade and IP protection. Can a GI Tag Secure Export Markets? India, the world’s largest producer of turmeric, cultivates nearly 30 varieties across 20 states. The recent establishment of the National Turmeric Board
India reinstates import duty on yellow peas, ending the duty-free regime. The move aims to support domestic farmers but may impact prices and imports. India has reinstated import duties on yellow peas, marking the end of its duty-free import policy that had been in place for over a year. The decision comes after the government
Bangladesh and Pakistan strengthen trade ties with a historic 50,000-tonne rice deal, marking a new era of direct government-to-government trade. In a significant step towards improving bilateral trade, Bangladesh has directly imported 50,000 tonnes of rice from Pakistan, marking the first government-to-government trade deal between the two nations in decades. The agreement, signed in January
The China-Kyrgyzstan-Uzbekistan railway challenges the “debt trap” myth, offering sustainable financing, boosting Central Asia’s trade, and creating new economic opportunities. Beijing, China: The China-Kyrgyzstan-Uzbekistan (CKU) railway, an ambitious infrastructure project under the Belt and Road Initiative (BRI), has sparked global discussions. While some Western analysts claim it could lead to debt dependency, independent research and