India has temporarily removed the 11% import duty on raw cotton until September 30, aiming to boost its textile industry. This move, eliminating both

A scheduled trip by a U.S. trade delegation to India later this month has been called off, according to reports. Several rounds of talks on a bilateral trade deal between the U.S.—the world's largest economy—and India, the world's most populous nation and itself a major economic power, have so far failed to yield an agreement.

Former Foreign Secretary Kanwal Sibal on Wednesday rejected US accusations that India is "profiteering" from Russian oil, calling the claim "pure humbug" and accusing Washington of double standards in its own energy practices.

India's trade deficit with China, which hit a record $100 billion in FY2025, is not just alarming in scale but also in structure, GTRI said.

Indian Prime Minister Narendra Modi meets with visiting Chinese Foreign Minister Wang Yi, who is also a member of the Political Bureau of the Communist Party of China Central Committee and director of the Office of the Central Commission for Foreign Affairs, in New Delhi, India, on Aug. 19, 2025. (Xinhua/Javed Dar)

Apple ($AAPL) is ramping up iPhone production in India, even as trade tensions grow between Washington and New Delhi over Russian oil imports. The

Move reflects India’s desire to insulate itself from foreign currency fluctuations and could reduce country’s reliance on US dollar, analysts say.

The Indian rupee is poised to open higher on Monday, supported by a likely rally in local equities after Prime Minister Narendra Modi’s sweeping tax reforms to boost growth, though persistent U.S.–India trade tensions should cap the advance.