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AI Boom Drives Global Trade Growth, Boosting China and India, IMF Says

By Uniquetimesorg October 13, 2026 0

The growing demand for artificial intelligence (AI) has strengthened economic growth in China, India and other Asian countries, while driving global trade beyond its overall growth rate, the International Monetary Fund’s chief economist, Silvana Tenreyro, said on Tuesday. Speaking at the IMF and World Bank annual meetings in Bangkok, she noted that global trade would Continue Reading

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India’s August Trade Deficit Narrows as Gold Imports Plunge

By Uniquetimesorg September 16, 2026 0

India’s goods trade deficit unexpectedly narrowed to $26.86 billion in August, down from $31.98 billion in July, government data showed. The decline came mainly from a sharp fall in imports, particularly gold, even as merchandise exports slipped slightly from the previous month. Gold imports nearly halved to $2.3 billion from $4.16 billion in July, helping […]Continue Reading

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EU Drops Aluminium Scrap Duty Plan Amid India Trade Deal Concerns

By Uniquetimesorg September 12, 2026 0

The European Union has abandoned a proposed export duty on aluminium scrap amid concerns that the measure could complicate the finalisation of its free trade agreement with India, according to sources familiar with the discussions. The European Commission had considered a 15% duty for three years, aimed at protecting the bloc’s aluminium industry and supporting […]Continue Reading

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US Tariffs Hit Indian Textile Exports

By Uniquetimesorg July 25, 2026 0

India’s textile and apparel exporters are expected to face tougher competition after the United States imposed a new 10% tariff on Indian goods. The Confederation of Indian Textile Industry (CITI) warned that the additional duty could make Indian products less competitive than those from several Asian countries. Under the new policy, Bangladesh, Cambodia, Indonesia, Continue Reading

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India Halts Seafarer Deployments Through Hormuz

By Uniquetimesorg July 16, 2026 0

India has directed shipowners, ship managers, and recruitment agencies to stop deploying Indian seafarers on vessels passing through the Strait of Hormuz until further notice. The order comes as security risks in the region escalate following renewed fighting and recent attacks on commercial ships. The Directorate General of Shipping said the decision was taken to […]Continue Reading

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India to Ban Imports Made With Forced Labour

By Uniquetimesorg July 14, 2026 0

India has announced a ban on the import of goods produced using forced labour, introducing a new measure aimed at strengthening trade regulations and addressing international concerns. According to a notification issued by the Ministry of Commerce, the central government will have the authority to prohibit the import of products found to be manufactured wholly […]Continue Reading

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Freight Rates for Russia’s Urals Oil Shipments to India Drop as Tanker Availability Improves

By Uniquetimesorg July 11, 2026 0

Freight rates for transporting Russia’s Urals crude oil to India have declined in July as more oil tankers became available and seasonal demand eased, according to industry sources. The drop in shipping costs offers some relief to Russian oil exporters, who have been facing lower profit margins due to weaker demand for Urals crude in […]Continue Reading

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EU–India Free Trade Deal to Be Signed by End of 2026, Says EU Chief

By Uniquetimesorg June 18, 2026 0

India and the European Union are set to formally sign their landmark Free Trade Agreement (FTA) by the end of 2026, according to European Commission President Ursula von der Leyen. She shared the update after meeting Indian Prime Minister Narendra Modi during the G7 Summit in France. The trade pact, finalized in January after years […]Continue Reading

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Strait of Hormuz Reopens: 34 India-Bound Ships Prepare for Safe Passage Following US-Iran Peace Deal

By Uniquetimesorg June 16, 2026 0

Maritime traffic has resumed in the Strait of Hormuz following a recent truce and plans for a comprehensive peace treaty between the US and Iran, scheduled for signing on June 19. US President Donald Trump announced that commercial vessels and oil tankers have begun moving safely along a designated Southern “Highway.” This breakthrough was marked […]Continue Reading

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West Asia Conflict Disrupts Bikaner’s Namkeen Exports, Costs Surge

By Uniquetimesorg April 4, 2026 0

The ongoing conflict in West Asia has begun to significantly impact exporters in Rajasthan’s Bikaner region, with shipments of popular food items such as bhujia, papad, and spices facing major disruptions. Known for its thriving namkeen industry, Bikaner exports large quantities of snacks and spices to Gulf countries and parts of Europe. However, traders report […]Continue Reading