Following India’s sustained significant imports of Russian oil, the US levied retaliatory “reciprocal” import taxes of up to 50% on a variety of Indian goods in August 2025. Textiles, jewelry, leather goods, and fisheries were among the industries severely impacted. But by November 2025, the US government had lifted the punitive tariffs on over 200…
Due to a rise in gold imports and a fall in exports to the United States, India’s goods trade imbalance grew to a new high of $41.68 billion in October, according to government figures released on Monday. September saw a 13-month high of $32.15 billion for the trade deficit. The Reserve Bank of India reports…
Aluminum prices rose 0.06% to ₹238.4 as supply concerns persisted in the LME market. Aluminum production in December was above $40. More metal is set to leave LME warehouses soon. The International Aluminum Institute (IAI) said global primary aluminum production rose 3% year-on-year to 6.04 million tonnes in November. In the first ten months of…
Natural gas prices fell 1.4% yesterday to settle at 197.6, as forecasts of milder weather over the next two weeks indicated less than normal heating demand. Meteorologists predict warmer-than-normal temperatures in the Lower 48 U.S. states through Nov. 1, which will reduce natural gas consumption. As a result, LSEG forecasts that average gas demand, including…
India’s merchandise exports increased somewhat year over year to $34.58 billion in September, albeit from a low base (-2.8%). However, with import growth also being moderate at 1.6%, the trade imbalance shrank to $20.78 billion, its lowest level in five months. With exports falling sharply by 9.3% year over year in August, the trade imbalance…
In FY23, pharmaceutical exports increased by 3.25 percent to $25.3 billion. Export growth in 2021–2022 was nearly flat at 0.71 percent, or $24.62 billion. The US, Canada, and Mexico (NAFTA), then Europe, received a significant portion of exports. According to R Uday Bhaskar, Director-General of the Pharmaceuticals Export Promotion Council (Pharmexcil), “I think this is…
