Economy News ( English version)

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  • Synthetic mint dents India's grip on global mentha market January 7, 2026
    India's natural mentha oil industry faces a crisis. Exports and production have fallen significantly. Synthetic mint, a cheaper lab-grown alternative, is flooding markets. Farmers are shifting to other crops as demand for natural mentha wanes. Bulk buyers now prefer the synthetic version for its consistent quality and lower cost. This trend threatens th […]
  • Cotton imports zoom as traders reap zero duty window benefit January 7, 2026
    In an unprecedented move, India has brought in three million cotton bales during the December quarter, spurred by a newly established duty-free window. This influx can be attributed to declining domestic yields and crop damage affecting quality. With projections indicating sustained high imports through FY26, mills have fortified their inventories of cotton, […]
  • India must rein in imports, push exports: Nitin Gadkari January 7, 2026
    India aims to be the world's third-largest economy. Minister Nitin Gadkari stated this requires reducing imports and boosting exports. He highlighted converting agricultural waste into a national resource. This process can cut pollution from crop burning. It also strengthens the circular economy. Blending 15% with agro-waste can save foreign exchange. T […]
  • Leather exports hit by US tariffs: Industry tells Parl panel January 7, 2026
    The Indian leather industry met with a Parliamentary Standing Committee on Commerce, highlighting that 50% US tariffs are significantly harming exports and impacting the sector's competitiveness. They urged for bilateral engagements to address trade barriers and requested policy and diplomatic support to mitigate socio-economic consequences.
  • Piyush Goyal invites Liechtenstein investment in India January 7, 2026
    Commerce Minister Piyush Goyal urged Liechtenstein companies to invest in India, leveraging the India-EFTA trade pact for expansion. He highlighted India's scale, talent, and manufacturing depth, complementing Liechtenstein's specialized industrial and financial expertise. The minister encouraged collaboration to build resilient value chains and a […]

 

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