NEW DELHI: With the US imposing additional 25 per cent duty on imports worth USD 34 billion from China, certain Indian products may become more competitive, CII said today. An analysis by the industry chamber revealed that India should focus on the US market for items in the categories of machinery, electrical equipment, vehicles and […]

Confederation of Indian Textile Industry (CITI) on Friday highlighted that the India’s huge trade deficit with China is a matter of great concern. India’s trade deficit with China has increased from $51.1 bn. in 2016-17 to $62.9 bn in 2017-18. India’s bilateral trade with China was $89.6 bn in 2017-18. India exported $1,362 mn worth […]

Prices of orthodox teas, which are largely exported to Iran, have fallen 9.1% year-on-year as Indian banks are not showing interest in rupee-denominated letters of credit for doing business in Iran, said senior executives. This is a fallout of the uncertainty in Iran after the US re-imposed economic sanctions on the country, they said. “We […]