Shruti Srivastava

India posted the smallest trade gap in more than three years last month as softening oil prices provided some relief to policymakers grappling with the threat of tariffs by the US President Donald Trump.

India’s government must prepare to take action against the US if President Donald Trump follows through with his threat to impose higher import tariffs, a senior industry executive said.

European Commission President Ursula von der Leyen will seek assistance from Indian Prime Minister Narendra Modi to enforce sanctions on Russia when the two leaders meet this week in New Delhi.

The nation was one of the most vocal objectors at last year’s UN climate summit, arguing that rich countries were not doing enough to raise funding for developing economies.

India will continue to bring down tariffs and phase out additional levies on imports as domestic manufacturing improves, a top finance ministry official said, ahead of Prime Minister Narendra Modi’s visit to the US.

India will cut tariffs on a slew of products in sectors ranging from electronics to textile, in an attempt to boost local manufacturing and create jobs.

India’s government is still finalizing revisions to gold import figures and trade data after discovering discrepancies in their calculation last month, according to people familiar with the matter.

India has outpaced China as a destination for clean technology funding in recent months, as efforts to boost domestic green manufacturing help attract investors.

India is aiming to finalize a potential carbon credit deal with Japan early in 2025 and then advance similar negotiations with nations including South Korea and Singapore

India’s main opposition party sought an investigation into business dealings of billionaire Gautam Adani after US prosecutors indicted the tycoon for promising bribes to the South Asian nation’s government officials.