Economy News ( English version)

Commerce Minister Piyush Goyal had a productive discussion with US Trade Representative Jamieson Greer on a bilateral trade agreement, emphasizing 'India First' and 'Viksit Bharat'. Leaders set a target to boost bilateral trade to USD 500 billion by 2030, aiming for fairness and job creation, while discussing tariff reciprocity.

Union Minister Nitin Gadkari informed that 26,425 km of Bharatmala projects have been awarded, with 19,826 km constructed. High-speed corridors are enhancing logistics and travel efficiency. Smart technology and regular safety audits ensure road quality and safety in the National Highways development under the PM Gati Shakti initiative.

The Consumer Price Index is expected to be below the Reserve Bank's target in Q4 of 2025, allowing for potential policy rate cuts, as reported by Bank of Baroda. February saw retail inflation drop to 3.61%, the lowest in six months, mainly due to declining vegetable prices. Food inflation remains manageable, with prospects for a good Rabi harvest.

India stands to gain significantly from the global shift to net zero emissions, but if climate policies fall short, economic and financial risks will rise. Central banks are discussing the impacts of climate change and its risks, emphasizing the need for ongoing analysis and action.

Commerce Minister Piyush Goyal reassured exporters of safeguarding India's interests in the US Bilateral Trade Agreement. He urged against protectionism, encouraged industry input on export-promotion, and discussed measures to counter Chinese dumping. With plans to surpass $800 billion exports, Goyal highlighted ongoing efforts to finalize beneficial tr […]