India’s imports contracted to $36.89 billion in September against $42.82 billion a year ago, a sharp drop of 13.85 per cent that indicates weakening demand in the economy.Exports, too, contracted 6...

...

China is where Prime Minister Narendra Modi can hope to find a major breakthrough. This is one opportunity that Modi — he has taken unusual interest in foreign policy and will perhaps continue to do...

India has stopped importing oil from Iran since the American waivers granted to eight buyers expired early this month, New Delhi’s envoy here said on Thursday.Indian ambassador Harsh Vardhan Shringl...

The country’s trade deficit narrowed to $9.6 billion in February, a 17-month low, dragged down by a fall in gold and oil imports.Exports grew 2.44 per cent year-on-year to $26.67 billion and imports...

Indian Oil Corporation (IOC) has signed a deal to buy 3 million tonnes of crude worth $1.5 billion from the United States during the next fiscal.The deal, which is the first ever by an Indian firm, is...

India’s decision to exit RCEP will protect the economy from cheap imports, particularly from China, thereby saving jobs even as the country misses out on the opportunity to become a part of the glo...

...

The rupee weakened further and dipped by 54 paise to 73.04 against the US dollar on Monday, owing to increased demand for the American currency from importers amid increasing global crude oil prices.I...

India had started importing crude from the US from 2015 after a ban imposed in 1974 was lifted by President Obama. Sources said GAIL was exploring more gas import contracts. Similarly, Indian state-ru...