global trade | DD News

March 28, 2026 5:02 PM

Innovation, opportunity must be shared equitably among WTO members: Piyush Goyal

Commerce and Industry Minister Piyush Goyal emphasised that WTO discussions must address the asymmetries stemming from the Uruguay Round, underlining the need for all members to have a fair opportunity to build productive capacity, create employment, and participate meaningfully in global trade. The minister said that the multilateral trading system must ensure that innovation, development, and opportunity are shared equitably among members. He also reaffirmed India’s commitment to engage con...

March 17, 2026 4:42 PM

India entering new phase in global trade, says Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal on Tuesday said India’s economic fundamentals remain strong and the country is entering a new phase in global trade that could expand its international footprint. Speaking in the Lok Sabha, Goyal said services exports continue to grow steadily, while merchandise exports have remained stable so far. “While services exports continue to grow every month, merchandise exports have remained flat till February, which means they have not declined,�...

January 29, 2026 3:58 PM

India rising steadily as key player in global trade, says Eco Survey

India’s steady rise as a key player in global trade is evident in its increasing share of both global merchandise exports and commercial services exports, said the Economic Survey 2025-26 released on Thursday. According to the WTO’s World Trade Statistics, between 2005 and 2024, India’s share of global merchandise exports has nearly doubled, rising from 1 per cent to 1.8 per cent. Similarly, its share in global commercial services exports has more than doubled, rising from 2 per cent to ...

October 22, 2025 10:47 PM

India stresses inclusive, sustainable growth at UNCTAD conference in Geneva

Union Minister of Commerce and Industry, Piyush Goyal, led India’s delegation at the XVIth Session of the United Nations Conference on Trade and Development (UNCTAD) in Geneva, underlining the nation’s growing economic stature and commitment to sustainable, inclusive development. Addressing the conference, Goyal highlighted India’s transformation into one of the top five global economies, maintaining an average annual growth of over seven per cent over the past three years. He noted that ...

September 30, 2025 6:34 PM

South Korea’s Lee, outgoing Japan PM Ishiba hold talks on global trade, North Korea

The leaders of South Korea and Japan agreed on Tuesday to work together to tackle global trade turmoil while reaffirming their commitment to denuclearisation on the Korean peninsula, a South Korean presidential spokesperson said. President Lee Jae Myung hosted Japan's outgoing Prime Minister Shigeru Ishiba on a goodwill visit to highlight the neighbours' commitment to improve once-frosty ties and cooperate more closely on trade. "The two leaders shared the view that ... Korea and Japan, as nei...

September 10, 2025 3:17 PM

India’s economy shows resilience amid global trade uncertainty: report

India’s economy has shown resilience in the face of global trade disruptions and fiscal challenges, supported by strong domestic consumption and government spending, according to a report by SBI Capital Markets. The report noted that while aggressive tariff regimes, particularly by the United States, have emerged as a global concern, India remained relatively insulated in the first quarter, recording GDP growth of 7.8 per cent. It added that ongoing reforms, including the simplified GST stru...

September 8, 2025 2:32 PM

President Murmu urges EEPC to help make India a leading innovation economy

President Droupadi Murmu on Monday called on the Engineering Export Promotion Council (EEPC) to work with determination to help position India as a leading innovation economy. She was addressing the Platinum Jubilee celebrations of EEPC India in New Delhi. The President said that India, once known as a global centre of trade and knowledge, must regain that status. “EEPC, being an important stakeholder in the economic sector, should take this resolution with great determination,” she remarke...

June 17, 2025 9:33 AM

India well positioned to regain strong export growth as global trade conditions likely to stabilize in H2 of 2025: Experts

India's trade performance in May 2025 has shown strength and stability despite uncertain global conditions, according to views shared by industry experts and economists. FIEO President S C Ralhan highlighted that India's total exports, including goods and services, increased by 2.8 per cent to USD 71.12 billion in May 2025, up from USD 69.20 billion in May 2024. The growth was mainly driven by services such as software, consultancy, and financial services. Even though merchandise exports dipped...

May 21, 2025 1:50 PM

India’s strong domestic market cushions economy against global trade shocks: Report

India is in a stronger position than other countries to withstand global trade disruptions, in the wake of the US tariff turmoil, due to the large size of its domestic market and the country’s low dependence on goods exports, according to a Moody’s report released on Wednesday. The report points out that the government initiatives, such as increasing infrastructure investment, steps taken to boost private consumption, will help shield India’s economy from weakening global demand. “Indi...

May 16, 2025 4:41 PM

APEC highlights ‘fundamental challenges’ in global trade as tariffs overshadow meeting

The Asia-Pacific Economic Cooperation group adopted a statement on Friday that cited "fundamental challenges" facing the global trading system, but stopped short of discussing a joint response to U.S. tariffs looming large over its meeting. The annual gathering is the first major multilateral trade gathering since U.S. President Donald Trump's announcement of sweeping tariffs that hit more than half of the 21 members of the bloc with U.S. import duties in excess of the 10% minimum. ...