Ottawa: Following his decisive victory in the Liberal Party leadership race, Mark Carney is set to become the next Prime Minister of Canada. With 85.9% of votes in his favor, Carney’s leadership marks the beginning of a new chapter for Canadian politics. Carney’s rise to power brings with it a promise to mend India-Canada ties, which reached their lowest point during Justin Trudeau’s tenure. The 59-year-old former banker has expressed his intent to rebuild diplomatic relatio

US President Donald Trump reiterated his strong criticism of India’s high tariffs on Friday, calling them “massive” and emphasizing that they make it difficult for American businesses to sell products in the Indian market. Trump, addressing reporters at the White House, stated that India has now agreed to reduce these tariffs significantly, following continuous pressure and public scrutiny from his administration."India charges us massive tariffs. Massive. You can't

The United States has reportedly asked India to eliminate tariffs on nearly all goods except agricultural products, according to a CNBC-TV18 report on March 6. If India accepts this demand, it would mean removing key trade protections while receiving little in return. The proposal has raised concerns in India, as it comes amid escalating trade tensions between the two countries.US President Donald Trump has been vocal in his criticism of India’s trade policies, repeatedly labeling them

India and the European Union (EU) have set a year-end deadline to finalize a long-awaited free trade agreement (FTA), marking a crucial milestone in their bilateral trade relations. The announcement came after Prime Minister Narendra Modi and European Commission President Ursula von der Leyen met in New Delhi to strengthen India-EU economic and strategic ties.The trade agreement, under negotiation for several years, aims to expand economic cooperation, boost trade, and enhance market access b

The World Bank has advised India to lower import tariffs, ease regulatory restrictions, and simplify trade processes to enhance its global trade competitiveness and attract foreign investment. In a report released on Friday titled the Economic Memorandum on India, the World Bank highlighted that high trade costs caused by import tariffs on intermediate and capital goods, as well as non-tariff barriers, are limiting India's participation in global value chains (GVCs).The report emphasized

During a visit to SpaceX's Starbase facility in Texas on Friday, Elon Musk shared his optimistic view on the growing India-US trade relationship, stating that the bilateral ties are “trending positive.” Musk, a key player in both the automotive and technology sectors, expressed his support for lowering trade barriers between the two nations to foster increased commerce and

Impact of China’s Export Restrictions on Indian Manufacturing: India’s manufacturing industry is facing significant disruptions due to China’s export restrictions, which are part of the ongoing trade tensions between the United States and China. These curbs primarily affect industries in India that rely on raw materials, machinery, and components from China, such as the solar po

India has initiated anti-dumping investigations into two Chinese products—nylon filament yarn and trimethyl dihydroquinoline (TDQ). The investigations were triggered by petitions from domestic companies, such as Century Enka Ltd., Gujarat Polyfilms Ltd., and Oriilon India Ltd., for nylon filament yarn, and NOCIL Ltd. for TDQ. The Directorate General of Trade Remedies (DGTR) is looking into whether these cheap imports from China and Vietnam have caused material harm to local industries.

 In light of US President-elect Donald Trump's proposed tariff measures on China, Canada, and Mexico, India is poised to capitalize on potential shifts in global manufacturing. With Trump’s plan to impose tariffs of 25% on Canada and Mexico and 10% on China, manufacturers may seek alternative locations to bypass the 60% levy on Chinese goods. India, with its low-cost labor, skilled workforce, and growing tech sector, is an attractive destination for this shift. Invest

With Donald Trump set to become the US president, Indian exporters may face challenges due to potential changes in trade policies. Experts suggest that the 'America First' agenda could lead to higher customs duties on goods like automobiles, textiles, and pharmaceuticals. Additionally, stricter H-1B visa rules may impact Indian IT firms, as a significant portion of their revenue comes from the US market. The US is India's largest trading partner, accounting for a substantia

The possibility of Donald Trump returning to the White House in 2024 raises important questions about the future of India-US relations. A second Trump presidency could bring significant shifts across several key areas, including trade, immigration, military cooperation, and broader diplomatic engagement. During his first term, Trump’s “America First” agenda and his transactional approach to foreign policy led to major policy changes such as tariffs on foreign goods

Crown Prince Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan of Abu Dhabi has arrived in New Delhi for his inaugural official visit to India as the Crown Prince. The visit underscores the deepening relationship between India and the UAE. In a significant diplomatic move, Prime Minister Narendra Modi hosted the Crown Prince at the Hyderabad House, where the two leaders engaged in discussions aimed at furthering bilateral ties. This marks a pivotal moment as India officially interacts with the ne