After a slew of programmes to facilitate electric-vehicle (EV) adoption in India, the NITI Aayog has said the government has done enough on incentives and now it's time to take the programme a step further with "strong signals" through regulations and mandates.
The government has identified critical sectors, including electronics, chemicals, leather and footwear, and toys, where value chains can be strengthened to facilitate and drive foreign direct investment (FDI) into the country. Invest India, the investment promotion and facilitating agency under the Department for Promotion of Industry and Internal Trade (DPIIT), has been actively identifying key value chains to focus on.
China accounts for about 70 per cent of global rare earth mining and nearly 90 per cent of rare earth magnet production, making it a dominant player and giving it significant leverage in global supply chains.
Incidents in the maritime sector involving Indian seafarers, and foreign vessels in Indian waters rose by 21.6 per cent in 2024 to 186, highlighting the need to strengthen safety frameworks.
Experts say Indian Railways must grow its share in the freight market to remain financially sustainable.
At the Mumbai campus the institute will offer both UG and graduate degrees, most of its courses will focus on science, technology, engineering and mathematics.
Merchandise exports to the US jumped 23.5 per cent year-on-year (Y-o-Y) to $8.3 billion in June, even as India's overall outbound shipments witnessed contraction during the month, according to the data released by the commerce department on Tuesday. The increase in outbound shipments to the US was largely driven by the rush among exporters to utilise America's pause on its plans to impose country-specific reciprocal tariffs.
India has a comparative edge over key competitors in a majority of products it exports to the US and stands to gain market share as the US raises tariffs on its major trade partners, NITI Aayog said on Monday. In its quarterly trade report, it recommended that the government fast-track the India-US free trade agreement with time-bound goals to resolve non-tariff barriers and finalise digital trade rules on data flows and e-signatures to support services exports.
'I am not an aspiration-oriented politician.' 'This is the time to redefine politics.' 'Politics of power is not real politics.'
'In 2024-25, 1 million units of cars were transported via railways. This is 20.6 per cent of India's total car production of over 5 million.'
'Once all the sanctioned works have been commissioned, the railways will be in a position to run 4,500 trains daily.'
Railways ramps up project to instal AI-based cameras that can recognise faces.
'I think that kind of change is coming. We should stay prepared for that change, whichever industry or sector we are in, we must be prepared.'
India's major imports from the US include crude oil and petroleum products, gold and jewellery, plastics, aircraft, and electrical machinery and components. The key exports to the US comprise pharmaceuticals and biologicals, telecom equipment, precious and semi-precious stones, petroleum products, gold and precious metal jewellery, and ready-made garments.
India's trade deficit with China neared $100 billion in FY25, amid escalating concerns of dumping, data released by the commerce department on Wednesday showed. Chinese imports rose by 11.5 per cent to $113.45 billion, while outbound shipments to the neighbouring country saw 14.5 per cent contraction to $14.2 billion.
After US President Donald Trump announced a 90-day tariff pause for several nations, including India, global manufacturers are in a rush to ensure that bulk of their goods reach the US during this window. "The 90-day suspension of tariffs will be welcomed by shippers, but it should not be a cause for celebration.
A government official said India and the US are exploring an interim trade deal within 90 days.
With US President Donald Trump "temporarily suspending" country-specific reciprocal tariffs until July 9, India sees the three-month window as an opportunity to renew its push for a proposed bilateral trade agreement (BTA) with the US and expedite finalisation of the first tranche of the trade deal.
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'
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