Economy News ( English version)

India is likely to finalize a trade deal with the US soon, but GTRI advises caution as President Trump increases pressure with tariff threats. He has issued formal tariff letters to 14 countries, setting an August 1 deadline for deals. GTRI warns that these deals could be imbalanced and disrupt global trade flows.

The US has extended the suspension of reciprocal tariffs on India until August 1, offering respite to Indian exporters and fostering ongoing trade negotiations. This extension allows both nations additional time to resolve outstanding issues and potentially finalize an interim trade deal.

India US Trade Deal News: President Trump announced the U.S. is nearing a trade agreement with India, extending the deadline for reciprocal tariffs to August 1. This follows finalized agreements with the UK and China. The administration has notified 14 other countries of substantial new tariffs starting in August, amidst ongoing free trade agreement talks wi […]

India is planning to mandate the purchase of green-rated steel in central government projects and centrally-sponsored schemes starting from FY28. The steel ministry has drafted a cabinet note proposing minimum procurement percentages for 3-star, 4-star, and 5-star rated steel, aiming to drive demand for green steel in public procurement and promote sustainab […]

M Nagaraju, Financial Services Secretary, emphasized the crucial role of fintech in promoting financial inclusion and urged companies to prioritize consumer protection through robust security measures against fraud and cyber threats. He highlighted the government's commitment to fostering fintech innovation with strong digital infrastructure and welfare […]