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India and Qatar eye trade surge as West Asia shipping disruption forces supply chain pivots

India and Qatar eye trade surge as West Asia shipping disruption forces supply chain pivots

India and Qatar held talks focused on boosting trade and strengthening supply chains after West Asia shipping disruptions. Bilateral trade reached about $14 billion in 2024-25, and both sides aim to double it by 2030. They also discussed exploring a Comprehensive Economic Partnership Agreement as India pursues a free trade deal with GCC members.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India seafood exports jump 11.2% to 8.28 billion despite US dip in 2025 26

India seafood exports jump 11.2% to 8.28 billion despite US dip in 2025 26

India’s seafood exports climbed 11.2% to $8.28 billion in 2025–26, helped by rising demand from China, the EU, and Southeast Asia. Frozen shrimp drove earnings, while a drop in US shipments was offset by gains in alternate markets. Export volumes reached 19.32 lakh tonnes, with major ports managing most shipments.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Rupee slide pushes Indian firms to pay Chinese suppliers in yuan and ramp up local sourcing

Rupee slide pushes Indian firms to pay Chinese suppliers in yuan and ramp up local sourcing

As the rupee weakens, Indian firms are changing how they pay for imports and where they source goods. Many are shifting Chinese purchase payments to yuan to secure better terms, while simultaneously increasing local sourcing to cut import dependence. The dual move helps manage costs and currency pressure in a tougher trade environment.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India engineering exports hit record 122 43 billion as WANA shipments plunge 51 amid tensions

India engineering exports hit record 122 43 billion as WANA shipments plunge 51 amid tensions

Indian engineering exports reached a record US$122.43 billion in FY26, with the US remaining the biggest destination even amid tariffs. Shipments to West Asia and North Africa fell 51% amid rising regional tensions. While exports to the UAE and Saudi Arabia declined, Germany, the UK, and China powered growth.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Exporters demand removal of interest subvention cap as costs climb and trade shifts

Exporters demand removal of interest subvention cap as costs climb and trade shifts

Indian exporters are urging the government to remove the cap on interest subvention, saying the current support is too low to withstand rising global trade uncertainty. The Federation of Indian Export Organisations wants the scheme revised to offer stronger relief, particularly for firms hit by higher borrowing costs and unstable export demand.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Govt weighs cutting import duties and GST to make induction cooktops cheaper

Govt weighs cutting import duties and GST to make induction cooktops cheaper

Facing the West Asia crisis and supply pressures, the government is considering policy changes to improve access to induction cooktops. Officials are reportedly discussing a cut in customs duties on key components and a possible reduction in GST, aiming to lower prices for consumers and boost uptake of energy-efficient cooking appliances.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Smartphones lead Indias export surge as electronics shipments jump 24 percent in FY26

Smartphones lead Indias export surge as electronics shipments jump 24 percent in FY26

India’s electronics exports jumped about 24% in the last fiscal year, with smartphones driving nearly a 22% rise. The gains are linked to the government’s production-linked incentive push, while major markets included the US, UAE, and China. The results underline India’s fast-growing clout as a global manufacturing hub for electronics.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India Korea sign MoU to deepen MSME cooperation and unlock new business opportunities

India Korea sign MoU to deepen MSME cooperation and unlock new business opportunities

India and Korea have signed a MoU to strengthen ties focused on MSMEs. The agreement sets up a structured framework for ongoing dialogue on key MSME issues and encourages both sides to look for mutually beneficial opportunities. The ministry said the MoU is meant to create continuity in cooperation rather than one-off discussions.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India seafood exports to US plunge as reciprocal tariffs bite exports overall still hit records

India seafood exports to US plunge as reciprocal tariffs bite exports overall still hit records

India’s seafood exports to the US dropped sharply in FY26, with volume down 19.8% and value down 14.5%, blamed on reciprocal tariffs. Even so, India’s overall seafood exports reached a record $8.28 billion as demand grew in China, the EU, and Southeast Asia, helping offset the US decline.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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