India and New Zealand are expected to sign a Free Trade Agreement (FTA) on Thursday, April 24, 2026, in India, marking a significant step toward strengthening bilateral trade and economic cooperation. The agreement, which follows the conclusion of negotiations announced on Sunday, December 22, 2025, is expected to provide tariff-free access for Indian exporters to the New Zealand market while attracting an estimated $20 billion in investment over the next 15 years. According to offi

India has officially confirmed that it is importing crude oil and liquefied petroleum gas (LPG) from Iran, marking a notable development in its energy policy amid evolving global market conditions. The confirmation was issued by India’s Petroleum Ministry on Saturday, April 4, 2026 (IST), providing clarity on ongoing reports about energy trade involving Iranian supplies. The acknowledgment highlights India’s continued reliance on diversified fuel sources to meet rising domestic demand. As one of the world’s largest importers of crude oil, India depends heavily on international suppliers to sustain economic growth, industrial activity, and consumer energy needs. Iranian crude and LPG are considered commercially attractive due to pricing advantages and established supply channels. Officials emphasized that India’s crude supply remains secure and that there are no reported payment-related disruptions affecting imports from Iran. The clarification comes amid heightened global scrutiny over transactions involving Iranian energy exports, which remain sensitive due to international sanctions frameworks and geopolitical considerations. Energy analysts note that India’s confirmation underscores a broader trend among major economies seeking flexibility in sourcing oil and gas. With global oil markets experiencing volatility, countries are increasingly prioritizing energy security and affordability over rigid sourcing constraints. India’s approach reflects a pragmatic balance between domestic economic priorities and external diplomatic pressures. The development may also influence broader market sentiment, particularly if it signals sustained or increased flows of Iranian crude into global supply chains. At the same time, it highlights the complexities of international energy trade, where economic necessity, regulatory environments, and geopolitical dynamics intersect. India’s confirmation on Saturday, April 4, 2026 (IST) reinforces its strategic focus on ensuring uninterrupted fuel access while navigating a rapidly shifting global energy landscape.

India has approved changes to its foreign direct investment policy to allow Chinese companies to invest in selected sectors, marking a cautious step toward improving economic ties between the two countries after years of strained relations. The decision was cleared by the Union Cabinet led by Prime Minister Narendra Modi and is aimed at easing investment constraints faced by certain industries while strengthening domestic manufacturing capacity. Under the revised policy framework, C

United States President Donald Trump has issued a fresh warning to global trade partners, threatening significantly higher tariffs for countries he claims have taken advantage of the American economy for years. The remarks come amid heightened uncertainty following a recent Supreme Court ruling that has reshaped the administration’s tariff authority and complicated ongoing trade negotiations. In a post on Truth Social, Trump cautioned that any nation attempting to “play games” in the w

The Indian government has decided to reschedule a planned visit by its trade delegation to Washington, DC, following fresh uncertainty triggered by the US Supreme Court’s decision to strike down former president Donald Trump’s “Liberation Day” tariffs. Officials indicated that the move reflects a cautious approach as both sides assess the legal and strategic implications of the ruling on the ongoing India-US trade deal discussions. The Indian delegation, led by chief negotiator Darpa

The Government of India on Saturday said it is closely examining recent developments in the United States after the US Supreme Court struck down former President Donald Trump’s sweeping global tariffs. The Commerce Ministry stated that officials are assessing the implications of both the court ruling and subsequent announcements made by the US administration. In its first formal reaction, the ministry confirmed it had taken note of the Supreme Court’s judgment delivered on Frida

The United States Supreme Court on Friday struck down a series of broad tariffs imposed by President Donald Trump, ruling that the administration had exceeded its authority under federal law. In a closely watched 6–3 decision, the court determined that the International Emergency Economic Powers Act does not authorize the president to unilaterally impose sweeping duties on foreign imports, a finding that could have significant implications for future trade policy and executive power. The ruling addressed the legal limits of presidential authority under the IEEPA, a statute historically used to regulate economic activity during national emergencies. Writing for the majority, the court concluded that the law does not grant the executive branch the expansive tariff powers claimed by the administration. The decision effectively invalidates the contested measures and reinforces congressional oversight over major trade actions. In his dissent, Justice Brett Kavanaugh pointed to the administration’s use of tariffs as a tool of foreign policy leverage, including duties imposed on India over its purchases of Russian oil. He argued that the tariffs were part of sensitive international negotiations and should be viewed within the broader context of the president’s conduct of foreign affairs. Kavanaugh noted that the government had maintained the tariffs helped secure trade concessions from major partners such as China, the United Kingdom and Japan. According to the administration’s position, the measures were intended to open foreign markets to American businesses and support trade agreements valued in the trillions of dollars. The dissent specifically referenced the August 2025 decision to impose a 25 percent tariff on India for what the administration described as direct or indirect imports of Russian Federation oil. At the time, the White House framed the move as part of broader efforts tied to geopolitical negotiations and energy security concerns. The tariffs included a reciprocal component initially set at 25 percent and later reduced to 18 percent. Kavanaugh further observed that the administration subsequently eased the India-specific penalties in February 2026 after the government reported that New Delhi had committed to halting purchases of Russian oil and to increasing imports of American energy products. He argued that such developments demonstrated the traditional diplomatic use of tariffs as leverage in complex international negotiations. Despite these arguments, the majority held that statutory limits must guide the exercise of executive power, even in matters touching on foreign affairs and national security. The court emphasized that significant economic measures with wide domestic consequences require clear authorization from Congress. The decision marks a notable judicial check on presidential trade authority and is likely to influence how future administrations deploy tariffs in pursuit of foreign policy objectives. Legal analysts say the ruling reinforces the principle that emergency economic powers cannot be broadly interpreted to reshape global trade relationships without explicit legislative backing. While the immediate policy effects remain to be fully assessed, the judgment underscores ongoing tensions between the executive branch’s flexibility in foreign affairs and the constitutional role of Congress in regulating commerce. The case is expected to shape debates over trade strategy, energy diplomacy and the scope of presidential economic powers in the years ahead.

US President Donald Trump on Tuesday said that tariff threats played a decisive role in resolving several international conflicts during his tenure, claiming that economic pressure through trade measures helped prevent violence and bring rival nations to the negotiating table. In an interview with Fox Business, Trump asserted that at least six of what he described as eight wars were settled after he warned countries that they would face higher tariffs if hostilities continued. Among

A broad range of American goods, including wines, spirits, dry fruits, technology products and select industrial items, are set to enter the Indian market at zero or reduced import duties under the first phase of a new trade pact between India and the United States. The move is expected to lower retail prices for consumers, expand market access for businesses and strengthen bilateral trade ties between the two economies. Officials from both countries confirmed that they have finalised the framework for the initial phase of a bilateral trade agreement aimed at cutting tariffs and easing barriers that have historically slowed cross-border commerce. The framework will now be converted into a legally binding agreement, with signing expected by mid-March. Duty concessions are likely to come into effect immediately upon implementation, while some reductions will be introduced in stages. Under the arrangement, India will eliminate or reduce tariffs on several categories of US industrial and agricultural goods. These include dried distillers’ grains, red sorghum used for animal feed, soybean oil, fresh and processed fruits, and a variety of tree nuts. Almonds, walnuts, pistachios and certain lentils are among the products that will benefit from lower import duties. Alcoholic beverages such as wine and spirits are also expected to become more competitively priced in the Indian market as tariffs decline. The concessions extend beyond food and farm products. High-end cars and motorcycles, along with aircraft, semiconductor components and specialised machinery, will receive duty benefits. Medical and healthcare products, including select medicines for neurological, cardiac and diabetes treatment, as well as medical devices, diagnostic reagents, pacemakers, imaging equipment, hearing aids and artificial joints, are also covered under the pact. Both sides have agreed to address non-tariff barriers that affect trade flows. India has committed to easing restrictions that have delayed market access for US medical devices and to simplifying import licensing procedures for information and communication technology goods. These products are considered essential for India’s expanding data centres and industrial infrastructure. At the same time, New Delhi said it will adopt a calibrated approach to protect domestic producers, including small and medium enterprises and farmers. Minimum import prices on certain products, such as apples, have been fixed to safeguard local interests. In return, a wide basket of Indian exports will gain duty-free or preferential access to the US market. Spices, tea, coffee, coconut-based products, cashews, fruits such as mangoes, bananas, guavas and pineapples, along with bakery goods, cocoa products, seeds, vegetable planting material and processed foods, are among the items set to attract zero reciprocal tariffs. Officials said the measures could provide a significant boost to India’s agriculture and food processing sectors. Trade experts view the agreement as a step toward deeper economic integration between the two countries, with the potential to diversify supply chains and stimulate two-way investment. By reducing tariff and non-tariff barriers, the pact is expected to increase trade volumes, enhance competitiveness and create new opportunities for exporters and consumers on both sides.

India's relationship with the Gulf Cooperation Council (GCC) nations is evolving into a major trade partnership. In 2024-25, the bilateral trade between India and the six-nation bloc reached a substantial $179 billion, driven by strong exports such as gems, metals, electronics, and chemicals. With an existing free trade pact with the UAE since 2022, and a recent agreement with Oman, India is now focused on formalizing a comprehensive free trade agreement (FTA) with the GCC. This new agreement

India and the United States are moving closer to concluding what officials describe as a landmark trade agreement, with External Affairs Minister S. Jaishankar indicating that the final details are being worked out and an announcement could come soon. Speaking at the conclusion of his visit to Washington on February 5, Jaishankar said negotiations had reached an advanced stage and expressed confidence that the pact would usher in a new phase of cooperation between the two countries.

India’s national security advisor Ajit Doval conveyed a firm message to senior United States officials months before the announcement of a new trade agreement between New Delhi and Washington, underscoring that India would not yield to public pressure or coercive tactics during negotiations. According to officials familiar with the discussions, Doval made it clear during meetings in Washington that India was prepared to wait out the current US administration if necessary rather than accept terms it viewed as unfavorable. The visit took place in early September, shortly after Prime Minister Narendra Modi held talks with Russian President Vladimir Putin and Chinese President Xi Jinping, signaling an active diplomatic phase for New Delhi across major global powers. During his interaction with US Secretary of State Marco Rubio, Doval reportedly emphasized that while India remained committed to reviving trade talks, it expected a more measured tone from Washington and less public criticism that could complicate bilateral ties. Officials said Doval sought to put recent acrimony behind the two countries and expressed interest in restarting substantive discussions on a trade deal that has been under negotiation for several years. At the same time, he warned that India would not be “bullied” by President Donald Trump or senior members of his team, stressing that any agreement must respect India’s economic interests and strategic autonomy. The remarks came months before Trump publicly announced progress on a trade deal with India following a phone call with Modi on February 2. That announcement marked a fresh attempt by both sides to rebuild momentum in economic cooperation after a period marked by tariff disputes and disagreements over market access. Diplomatic observers note that India’s approach reflects a broader foreign policy strategy that balances engagement with firmness. By signaling willingness to continue talks while resisting overt pressure, New Delhi appears intent on safeguarding domestic priorities while preserving its long-term partnership with Washington. The United States remains one of India’s largest trading partners, and both governments view closer economic integration as central to strengthening strategic ties in the Indo-Pacific. The Washington meeting is seen as part of quiet backchannel diplomacy aimed at lowering tensions and creating space for practical negotiations. With both sides now indicating readiness to resume dialogue, officials say the focus will be on rebuilding trust and advancing a mutually beneficial trade framework that supports growth and stability in the relationship.

The Lok Sabha session on Tuesday was thrown into chaos after Rahul Gandhi, Leader of the Opposition, attempted to refer to an article based on former Army chief M M Naravane’s unpublished memoir. The reference ignited a fierce confrontation between the opposition Congress and the ruling BJP, which ultimately led to the adjournment of the proceedings. The tension arose when Gandhi, speaking on the Motion of Thanks to the President’s address, insisted on citing an article he claimed was lin

European Council President Antonio Costa on Tuesday said the conclusion of a comprehensive trade agreement between the European Union and India carried special personal significance for him, citing his Indian heritage and long-standing connection to the country. The agreement was announced following high-level talks in New Delhi, where Costa addressed a joint press conference alongside Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen. Speaki

United States Treasury Secretary Scott Bessent has accused European nations of indirectly financing Russia’s war in Ukraine by purchasing refined oil products originating from Russian crude processed in India. His remarks come amid ongoing geopolitical tensions over energy trade and sanctions linked to the conflict in Eastern Europe. In an interview aired on Sunday, Bessent alleged that while European leaders publicly condemn Russia’s actions in Ukraine, their trade practices ar

India and the European Union are set to announce the conclusion of negotiations on a long-awaited free trade agreement during a high-level summit in New Delhi on January 27. Senior leaders from both sides are expected to participate in the meeting, which will focus on trade liberalisation, security cooperation and mobility arrangements for students and professionals. The conclusion of the talks marks a significant moment in bilateral relations, reflecting renewed political momentum after years of intermittent progress. Officials involved in the process have indicated that the agreement is designed to be balanced and forward-looking, aligning with the long-term economic interests of both partners. While the pact is expected to boost trade volumes, policymakers see it as a qualitative shift in India–EU engagement, strengthening cooperation across manufacturing, services, technology and sustainable development. The timing is notable, as global trade flows continue to face uncertainty amid rising tariff barriers and geopolitical tensions. Economic experts have described the agreement as a landmark step that could reshape commercial ties between the two economies. They point to strong complementarities, with India offering a large and growing market and the European Union bringing advanced technology, investment capacity and diversified demand. The efficient exchange of goods and services under the agreement is expected to enhance supply chains and open new opportunities for businesses on both sides. From India’s perspective, the trade pact reflects a strategic effort to deepen integration with major global partners while safeguarding domestic priorities. Officials confirmed that negotiations have been completed and that the agreement is undergoing final legal review. The remaining procedural steps are expected to be completed soon, paving the way for formal signing and implementation. The announcement has drawn international attention, including criticism from some quarters in the United States. A senior US official recently expressed concern over the deal, linking it to broader disputes over energy trade and tariffs. The remarks underscored differing approaches to trade policy and highlighted how the India–EU agreement fits into a complex global economic landscape shaped by competing interests and sanctions regimes. The summit in New Delhi is also expected to mark progress beyond trade. Leaders are likely to finalise a Security and Defence Partnership aimed at enhancing strategic coordination, as well as a framework to facilitate mobility for Indian students and professionals seeking opportunities in Europe. These initiatives reflect a broader effort to strengthen people-to-people ties and cooperation in emerging areas of mutual interest. Negotiations for an India–EU free trade agreement first began in 2007 but were suspended in 2013 due to differences over ambition and market access. The process was revived in 2022, following renewed political commitment on both sides to address outstanding issues and adapt the talks to changing global conditions. The European Union remains India’s largest trading partner, accounting for a significant share of the country’s total trade in goods and services. With the conclusion of the free trade negotiations, both sides are positioning the agreement as a cornerstone of their economic relationship, one that could provide stability and growth amid an evolving global trade environment.

United States Secretary of State Marco Rubio extended greetings to India on the occasion of its Republic Day, underscoring the importance of the bilateral partnership and highlighting areas of close cooperation between the two countries. In his message, Rubio emphasized that sustained engagement across strategic sectors continues to yield tangible outcomes for both nations and the broader Indo-Pacific region. Rubio described the relationship as a historic bond strengthened by collab

United States President Donald Trump on Wednesday expressed strong optimism about the future of India–US trade relations, indicating that discussions between the two countries were moving in a positive direction. Speaking about the ongoing trade negotiations, Trump highlighted his confidence that both sides would be able to arrive at a mutually beneficial agreement, underlining the importance of c

Global geopolitics is witnessing a major shift as India positions itself for what is being described as the “Mother of All Trade Deals” with the European Union. This development comes at a time when United States President Donald Trump has intensified tariff pressures and sanctions on several nations, including India. These aggressive trade policies have forced multiple global powers to rethink their economic alliances, creating fresh opportunities for India on the international stage.

External Affairs Minister S Jaishankar on Tuesday said he held a constructive and wide-ranging discussion with United States Secretary of State Marco Rubio, focusing on key areas of bilateral and strategic cooperation between the two countries. The conversation reflected the ongoing engagement between New Delhi and Washington as both sides continue to strengthen ties across multiple sectors of mutual interest. In a message shared on social media platform X, Jaishankar described the interaction as a “good conversation,” noting that the talks covered important subjects including trade, critical minerals, nuclear cooperation, defence collaboration and energy security. These areas have emerged as central pillars of the evolving India-US partnership, particularly in the context of shifting global economic and geopolitical dynamics. The discussion on trade and economic engagement comes at a time when both countries are exploring ways to deepen supply chain resilience and expand market access. Cooperation on critical minerals has gained added importance amid global efforts to secure resources essential for advanced manufacturing, clean energy technologies and strategic industries. Nuclear cooperation and defence ties were also part of the agenda, underscoring the growing convergence in security interests and technological collaboration. Energy cooperation featured prominently in the talks, reflecting shared priorities related to energy security, sustainability and long-term growth. India and the United States have increasingly worked together on conventional and clean energy initiatives, including efforts to address climate challenges while meeting rising energy demands. Jaishankar said both sides agreed to remain in close touch on these and other issues, signalling continuity in diplomatic engagement and policy coordination. The exchange highlights the emphasis placed by both governments on maintaining regular dialogue to address global challenges, regional stability and economic opportunities. The conversation forms part of ongoing diplomatic efforts to reinforce the strategic partnership between India and the United States, which continues to expand across political, economic and security domains.