India's Trade Dynamics

Analysis on exports, imports, policy, and global partnerships.

Policy Deep Dive

Decoding the New Foreign Trade Policy (FTP)

The new FTP 2024 aims to shift India from an incentive-based regime to a remission and entitlement-based one. We explore the key pillars:

Digitization and process re-engineering for faster clearances.
New focus on "Towns of Export Excellence" (TEE).
Streamlining of the popular EPCG and Advance Authorisation schemes.
Special provisions for MSMEs to boost e-commerce exports.

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Monthly Trade Data

Total Exports (Merch.)

$38.1B

+15.2% (YoY)

Total Imports (Merch.)

$55.9B

+8.5% (YoY)

Trade Deficit

$17.8B

vs. $18.2B last month

Latest in Trade

Logistics

National Logistics Policy: One Year On

Assessing the impact of the NLP on warehouse consolidation and freight movement efficiency. The policy has led to improvements in intermodal transport integration and digitization of supply chain management. However, challenges remain in last-mile logistics and state-level policy alignment.

Trade Pacts

India-UK FTA Talks Enter Final Stage

Key sticking points remain in services, data localization, and agricultural market access. Officials from both sides express optimism, citing progress on tariff rationalization and digital trade norms. A conclusion before the fiscal year-end could boost bilateral trade volumes significantly.

Shipping

Container Freight Rates Stabilize After Peak

After months of volatility, shipping container rates from Asia show signs of cooling. Analysts attribute this stabilization to easing port congestion, improved vessel availability, and reduced demand pressures from Western markets. Freight forwarders anticipate steady pricing into Q1 2026.