Import News

The rupee's current real undervaluation is beneficial for exports, but its impact risks quick neutralization by high import costs for inputs and the influx of cheaper, often dumped, Chinese goods.

The government's plan to rejig its customs regime is good news. Apart from easing compliance, it may yield an opportunity to reset tariffs for export orientation in adaptive response to today’s trade flux.

The two countries’ reliance on each other in the energy sector is coming under strain.

This move for quality control norms comes even as India is rolling back some QCOs covering sectors such as key textile, plastic and metal inputs to boost manufacturing.

India's crude oil imports from Russia are projected to drop sharply by nearly 47% in December.

Dropping quality control orders (QCOs) that act as import barriers for factory inputs will cut costs and help turn Indian manufacturers more competitive, but let’s also tackle other distortive aspects of our trade policy that result in resource misallocation and do the economy a disservice.

Imports of finished and unfinished permanent magnets, largely made of rare-earth metals, fell 56% over a year earlier to 16,281 tonnes during the April to September period.

India informed the WTO that it hasn't blocked imports of certain agricultural products. The unutilized quota for these goods indicates that market conditions, not protective measures, drive import patterns, with domestic production satisfying demand.