Customs Duty Exemption on Petrochemicals: How India is Responding to West Asia Crisis

To mitigate the impact of the West Asia crisis on domestic industries and consumers, India has temporarily waived customs duties on critical petrochemical imports, ensuring supply stability and reducing cost pressures. Photograph: Reuters Key Points The Indian government has exempted

Indian Exports See Marginal Decline in February Amid Geopolitical Tensions

India’s February trade data reveals a slight dip in exports and a surge in imports, with the looming West Asia crisis poised to further disrupt trade dynamics and increase economic uncertainty. Photograph: Wolfgang Rattay/Reuters Key Points India’s merchandise exports decreased