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Goyal says limited fuel price rise proves Modi govt absorbed global oil shocks

Goyal says limited fuel price rise proves Modi govt absorbed global oil shocks

Commerce and Industry Minister Piyush Goyal said India’s small fuel-price increase reflects how the government absorbed global oil shocks. He pointed out petrol and diesel rose by only Rs 3 because excise duty revenue was reduced by Rs 10. Fertiliser prices, he added, were kept unchanged even as costs increased, with farmers receiving heavily subsidised fertiliser. Goyal also backed Prime Minister Modi’s voluntary austerity appeal and said India is working to cut import dependence, improve efficiencies, and advance an India-US trade approach.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Seafood exporters rebound after a 50% US tariff as India records record FY26 shipments

Seafood exporters rebound after a 50% US tariff as India records record FY26 shipments

India’s seafood sector is turning tariff shock into momentum. After the US slapped a cumulative 50% tariff on Indian seafood last year—citing trade imbalance, anti-dumping claims, and links to energy purchases from Russia—exports were disrupted and some processing units had to pause. Instead of breaking, the sector diversified markets, boosted domestic demand measures, and restored access to high-value buyers. By FY26, India logged record exports, and the government is now considering a production-linked incentive scheme for deeper value-added growth.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Rahul Gandhi brands Modi compromised as US Adani charges near drop over alleged deal

Rahul Gandhi brands Modi compromised as US Adani charges near drop over alleged deal

Rahul Gandhi intensified his attack on Prime Minister Narendra Modi, accusing him of “bargaining” for Gautam Adani’s relief in the US instead of delivering an India-US trade deal. The comments come after Reuters and other reports said the US Justice Department is close to dropping criminal fraud charges against Adani, amid his pledged $10 billion US investment. Separately, Bloomberg reported an SEC settlement: Adani and his nephew would pay $18 million, pending court approval.

Summarised by Beize from a story on The Economic Times on 15 May 2026
India US trade talks restart next round but Section 301 probe blocks any deal

India US trade talks restart next round but Section 301 probe blocks any deal

India is expecting a US trade delegation for the next round of talks covering all pending issues, including the Section 301 probe. Washington launched the investigation in March, citing India’s alleged excess capacity in multiple sectors. Officials say any proposed trade deal will not move forward until the probe reaches a conclusion, keeping negotiations in limbo.

Summarised by Beize from a story on The Economic Times on 11 May 2026
US team may soon head to India for next trade talks as dates remain unconfirmed

US team may soon head to India for next trade talks as dates remain unconfirmed

India expects a US delegation to visit for the next round of trade talks, though the schedule is still being finalized. Both sides say they remain committed to moving forward on a bilateral trade agreement after April discussions, where negotiators focused on issues such as market access and digital trade.

Summarised by Beize from a story on The Economic Times on 11 May 2026
India exports surge in April despite West Asia tensions says Piyush Goyal

India exports surge in April despite West Asia tensions says Piyush Goyal

India’s exports gained strong momentum in April even as tensions persist in West Asia, Commerce Minister Piyush Goyal said. He pointed to improving global demand and newly inked trade agreements as key drivers for outbound shipments. Exporters are also pushing to expand market access, while progress continues on discussions surrounding an India-US trade deal.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026

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USTR Greer calls India a tough nut as US trade talks end in recalibration

USTR Greer calls India a tough nut as US trade talks end in recalibration

US Trade Representative Jamieson Greer said India is a “tough nut to crack” as US and India negotiators wrapped up talks toward a bilateral trade agreement. India is pushing to protect agricultural markets, while the sides still need to agree on specific products such as distillers dried grains (DDGs). A US Supreme Court ruling against reciprocal tariffs has forced the deal to be recalibrated.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Can India US trade deal halt the rupee slide as markets watch foreign inflows

Can India US trade deal halt the rupee slide as markets watch foreign inflows

The rupee has bounced about 1.75% versus the dollar in the 10 days after the US trade deal news, offering brief relief to currency watchers. Still, economists caution that the medium to long-term trend will depend less on trade headlines and more on foreign fund flows into Indian markets, which can quickly outweigh trade optimism.

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