Union Commerce and Industry Minister Shri Piyush Goyal held virtual discussions with his South Korean counterpart to explore avenues for strengthening bilateral trade and economic cooperation. The talks focused on enhancing trade flows, addressing market access issues, and expanding collaboration in key sectors such as technology, manufacturing, and supply chains. Both sides emphasised the importance of deepening economic engagement amid evolving global trade dynamics. India and South Korea have maintained a robust trade partnership, and the meeting aimed to further build on the Comprehens
India has achieved a record export figure of USD 860 billion in the financial year 2025-26, according to Union Commerce and Industry Minister Shri Piyush Goyal. The milestone reflects strong performance across goods and services exports, driven by robust global demand and policy support. The growth in exports has been supported by key sectors such as engineering goods, electronics, pharmaceuticals, and services. Government initiatives aimed at improving ease of doing business, expanding trade agreements, and enhancing manufacturing capabilities have played a crucial role. The minister h
The International Monetary Fund (IMF) has revised Malaysia’s economic growth projections upward, forecasting real GDP growth of 4.7 percent for 2026 and 4.3 percent for 2027. The improved outlook reflects stronger domestic demand, steady investment activity, and resilience in key economic sectors. The revised projections indicate confidence in Malaysia’s macroeconomic stability and policy direction. Growth is expected to be supported by continued expansion in manufacturing, services, and exports, particularly in technology-driven industries. The IMF’s assessment also highlights th
Union Commerce and Industry Minister Piyush Goyal has announced that India is set to gain preferential market access to 38 developed countries, marking a significant step in strengthening its global trade footprint. The development comes as part of ongoing trade negotiations and agreements aimed at expanding India’s export opportunities. According to the minister, these trade arrangements will provide Indian businesses with reduced tariffs and improved market entry conditions, enabling them to compete more effectively in international markets. The move is expected to benefit sectors such
Prime Minister Narendra Modi inaugurated the ₹12,000-crore Delhi–Dehradun corridor, marking a major milestone in India’s infrastructure development. The newly launched expressway is expected to significantly enhance connectivity between the national capital and Uttarakhand, reducing travel time from nearly six hours to approximately 2.5 hours. The project forms part of the government’s broader push to modernize road infrastructure and improve regional accessibility. The corridor is designed to ease congestion, promote tourism, and facilitate faster movement of goods and passengers
Prime Minister Narendra Modi has underscored a significant transformation underway in India’s pharmaceutical sector, stating that the country is evolving from being the “pharmacy of the world” to an emerging hub of innovation. Highlighting the sector’s growth trajectory, the Prime Minister emphasized that India is moving up the value chain by focusing on research-driven development rather than relying solely on generic drug manufacturing. India has long been recognized globally for supplying affordable medicines, particularly generic drugs. However, recent policy initiatives and in
India has marked a significant milestone in its clean mobility journey by exporting 100 electric buses to Mauritius, the largest such deal undertaken by the country to date. The buses were supplied by Switch Mobility, an electric vehicle arm of the Hinduja Group, under a government-to-government initiative aimed at strengthening sustainable transport infrastructure in the island nation. The final batch of buses was formally handed over during an official ceremony attended by senior leaders from both nations, highlighting the diplomatic importance of the transaction. The project was facilit
The Government of Sri Lanka and the World Bank Group have launched a new partnership aimed at generating jobs and attracting private investment to support the country’s economic recovery. The initiative focuses on strengthening key sectors and improving the business environment to encourage sustainable growth. The partnership comes at a crucial time as Sri Lanka continues to rebuild its economy following recent financial challenges. By prioritising private sector development, the programme aims to create employment opportunities, particularly for youth and small business entrepreneurs.
India and Nepal are set to enhance their bilateral trade ties with the development of National Highway 927, a key infrastructure project aimed at improving cross-border connectivity. The new highway is expected to facilitate smoother movement of goods and people between the two neighbouring countries, thereby boosting economic cooperation. The project aligns with India’s broader strategy of strengthening regional connectivity under its neighbourhood-first policy. Improved road infrastructure is anticipated to reduce travel time, lower logistics costs, and enhance trade efficiency between
Malaysia has introduced a $1.3 billion low-cost financing initiative aimed at supporting small and medium enterprises (SMEs) in scaling up their operations and enhancing competitiveness. The move is part of the government’s broader strategy to strengthen the SME sector, which plays a vital role in economic growth, employment generation, and innovation. The financing programme is designed to provide affordable credit to businesses, enabling them to invest in expansion, adopt new technologies, and improve productivity. By easing access to capital, the initiative seeks to address one of the