Commerce and Industry Ministry

January 20, 2026 6:31 PM

India’s core sector grows 3.7% in December 2025 on higher output of cement, steel and coal

India's eight core infrastructure industries recorded a 3.7 per cent growth in December 2025, supported by higher production of cement, steel, coal, electricity and fertilisers, said the Commerce & Industry Ministry on Tuesday. The Index of Eight Core Industries (ICI), which tracks the performance of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, rose to 175.7 points in December 2025, compared to 169.4 points in the same month last year. The cor...

December 10, 2025 1:32 PM

India’s foreign trade rebounds in 2025 as reforms, digitisation and global partnerships strengthen economic outlook

The Department of Commerce’s 2025 Year-End Review highlights a year of remarkable gains across India’s trade performance, export promotion reforms, digital transformation, bilateral and regional engagements, free trade negotiations and overall trade facilitation. India achieved a historic milestone in external trade in 2024–25, with total exports of merchandise and services reaching an unprecedented US$ 825.25 billion, reflecting a strong annual growth of 6.05 percent. This momentum carri...

December 10, 2025 1:33 PM

DPIIT releases 2025 year-end review: PLI gains, startup expansion, logistics reforms and major industrial growth highlight India’s economic momentum

The Department for Promotion of Industry and Internal Trade (DPIIT) has released its 2025 Year-End Review, outlining major achievements across manufacturing, startups, logistics, ease of doing business, intellectual property, and foreign investment. The review shows steady progress in India’s push toward becoming a global manufacturing and innovation hub. A key highlight of the year has been the continued progress of the Production Linked Incentive (PLI) schemes, launched for 14 strategic sec...

October 15, 2025 9:10 PM

India’s merchandise exports rise 6.75% in September despite global trade headwinds

India’s merchandise exports rose by 6.75% in September 2025 to USD 36.38 billion, compared to USD 34.08 billion in the same month last year, according to data released by the Ministry of Commerce and Industry on Wednesday. The growth comes despite tariff hikes by major trading partners, including the United States, and a challenging global trade environment. However, the trade gap widened as imports surged 16.7% year-on-year to USD 68.53 billion, compared to USD 58.74 billion in September 20...

September 22, 2025 10:47 PM

India’s eight core industries post 13-month high growth of 6.3% in August

India’s eight core industries recorded a robust growth of 6.3% in August 2025, the highest in 13 months, driven by strong performances in steel, coal, and cement production, according to data released by the Commerce and Industry Ministry on Monday. The Index of Eight Core Industries (ICI), which tracks the combined output of coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity, accounts for 40.27% of the Index of Industrial Production (IIP). The ICI gr...

August 29, 2025 2:01 PM

India’s exports to surpass last year despite tariffs: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Friday said that despite the tariffs, India’s exports this year are likely to exceed those of last year. Addressing a curtain raiser event of Bharat Buildcon 2026 in New Delhi, the Union Minister said, "If any country wants to enter into a free trade agreement with us, we are always ready. But I believe that any form of discrimination affects the self-confidence and self-respect of India's 1.4 billion citizens. Keeping that in mind, we will...

June 20, 2025 11:35 AM

DGFT imposes new restrictions on imports of precious metal alloys and compounds

The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, has issued two new notifications aimed at regulating the import of certain precious metal alloys and chemical compounds. As per the notification issued on 17 June, the government has restricted the import of alloys of palladium, rhodium and iridium containing more than 1 % gold by weight. This expands the earlier restriction on platinum imports (issued on 5 March 2025) to cover the entire Customs Tarif...

April 17, 2025 1:23 PM

IMEC to slash logistics costs by 30%, transit time by 40%, says Piyush Goyal

The India-Middle East-Europe Economic Corridor (IMEC) is expected to reduce logistics costs by up to 30% and cut transportation time by 40%, Union Minister of Commerce and Industry Piyush Goyal said on Wednesday. The Minister was addressing the IMEC High-Level Roundtable on Connectivity and Economic Growth in New Delhi. Highlighting these figures, Goyal said IMEC is poised to become a transformative corridor for global trade, offering faster, more cost-effective, and sustainable connectivity be...

April 2, 2025 1:23 PM

GeM facilitates hiring of over 1 million resources in FY 2024-25, PM Modi lauds platform’s impact

The Government e-Marketplace (GeM) has achieved a significant milestone by facilitating the hiring of over 1 million manpower resources by government organizations in the current fiscal year (2024-25), according to the Ministry of Commerce & Industry. Recognizing GeM’s contribution to employment generation and economic growth, Prime Minister Narendra Modi commended the platform’s impact. Responding to a post by Union Minister Piyush Goyal on social media platform X, the Prime Minister s...

March 28, 2025 12:25 PM

90th Network Planning Group meeting evaluates key infrastructure projects under PM GatiShakti

The 90th meeting of the Network Planning Group (NPG) was held in Delhi on Thursday to assess key infrastructure projects in the Road, Railway, and Metro sectors. The discussion centred on advancing multimodal connectivity and improving logistics efficiency in line with the PM GatiShakti National Master Plan (PMGS NMP), as stated by the Ministry of Commerce & Industry. Five projects were reviewed during the meeting, including two road projects, two railway projects, and one metro project. Th...