India

April 11, 2025 7:30 PM

Italy eyes deeper investment ties with India, boost in bilateral trade

Italy’s Deputy Prime Minister and Minister of Foreign Affairs, Antonio Tajani, on Friday expressed strong interest in expanding economic cooperation with India. Speaking at the "Italy-India Business, Science and Technology Forum," Tajani said Italy is keen to invest more in India, increase exports, and encourage greater Indian investments in Italy. He described India as a vital partner for ensuring stability in the Indo-Pacific region—a key factor in strengthening global trade. “India is ...

April 11, 2025 6:45 PM

India’s forex reserves surge to $676.3 billion

India’s foreign exchange reserves rose sharply by $10.8 billion to reach $676.3 billion in the week ended April 4, according to the Reserve Bank of India’s latest data released on Friday. This marks the fifth straight week of gains in the country's forex reserves. A major contributor to this increase was the rise in foreign currency assets, which grew by $9 billion to $574.08 billion. Gold reserves also saw a notable rise of $1.5 billion, bringing the total to $79.36 billion. Additionally, ...

April 11, 2025 6:19 PM

India’s industrial output grows 2.9% in February 2025

India’s Index of Industrial Production (IIP) rose 2.9% year-on-year in February 2025, a moderate expansion compared to the 5.0% growth recorded in January, according to the Ministry of Statistics and Programme Implementation. The data reflects a mixed performance across sectors. Manufacturing, which has the highest weight in the IIP, grew 2.9%, while electricity generation rose 3.6% and mining increased by 1.6%. The overall IIP stood at 151.3 in February, up from 147.1 in the same month last...

April 8, 2025 3:59 PM

PLI boost: India’s smartphone exports cross Rs 2 lakh crore for 1st time in FY25

India's smartphone exports reached a new milestone in the financial year 2024–25 (FY25), surpassing ₹2 lakh crore for the first time, Union Minister for Electronics and IT, Ashwini Vaishnaw, announced on Tuesday. In a post on X, the minister described it as yet another record-breaking achievement under the government’s Production-Linked Incentive (PLI) scheme. According to Vaishnaw, smartphone exports rose by 54% compared to the previous financial year, as global value chains (GVCs) cont...

April 7, 2025 10:13 PM

India, US work on ‘early conclusion’ of trade pact

India and the United States on Monday reaffirmed their commitment to an "early conclusion" of a bilateral trade agreement, amid ongoing global trade tensions following new tariff announcements by the US. Talks between the two countries have gained momentum in recent weeks, particularly after US President Donald Trump announced a reciprocal tariff of 26 percent on goods imported from India. This move is part of a broader tariff framework covering nearly all of the United States’ trading partne...

April 4, 2025 11:48 AM

India, South Korea discuss measures to bolster trade cooperation

South Korea and India held a joint forum on growth strategy on Friday and discussed measures to expand bilateral cooperation in trade, Seoul’s Industry Ministry said. At the Seoul forum, the two sides explored ways to strengthen cooperation in trade, investment, and emerging industries such as advanced manufacturing and renewable energy, Yonhap News Agency reported, citing the Ministry of Trade, Industry, and Energy. The two countries upgraded their bilateral relations to a special strategic...

April 1, 2025 9:31 AM

‘I am going to my father’s home country,’ Sunita Williams plans trip to India

NASA Astronaut Sunita Williams said she plans to visit India soon and meet with ISRO's team during her visit. Williams said during NASA's SpaceX Crew-9 Post-Flight News Conference, she found India to be 'amazing', with each time her spacecraft passing by the Himalayas during her extended stay of nine months in space. "I hope and I think for sure I'm going to be going back to my father's home country and visiting with people and getting excited about the Indian astronauts who's going up on the I...

March 27, 2025 12:05 PM

India and China take “step-by-step” approach to resume dialogue, discuss bilateral cooperation

India and China on Wednesday discussed resuming dialogue mechanisms between the two nations "in a step-by-step manner," focusing on "each other’s priority areas of interest and concern," according to a statement from India’s Ministry of External Affairs (MEA). During a meeting in Beijing between Gourangalal Das, Joint Secretary (East Asia) from India's Ministry of External Affairs, and Liu Jinsong, Director General of the Department of Asian Affairs at China’s Ministry of Foreign Affairs,...

March 26, 2025 3:32 PM

Argentina football team set for India visit in October

The Argentina national football team, led by Lionel Messi, will visit India in October 2025 for an international exhibition match, the Argentine Football Association (AFA) made the announcement on Wednesday. This visit comes as part of Argentina’s global outreach efforts ahead of the 2026 World Cup qualification final matches. AFA President Claudio Fabian Tapia hailed the initiative as a milestone in Argentina’s international growth. "A new milestone has been achieved for the expansion of ...

March 26, 2025 2:35 PM

India cruising towards $300 billion electronics production by 2026: Centre

India, which is the second-largest mobile phone producer in the world, is all set to reach $300 billion in electronics production by 2026, driven by the ‘Make in India’ and the production-linked incentive (PLI) scheme, the Centre said on Wednesday. In 2014-15, 26 per cent of mobile phones sold in India were locally made, which rose to 99.2 per cent by December 2024 In 2014, India had just two mobile manufacturing units; today, it has over 300. The mobile phone exports surged from Rs 1,566 ...