The Federation of Indian Chambers of Commerce and Industry (FICCI) has nominated Priyanka Mittal, the Director of KRBL (Khushi Ram & Behari Lal) Ltd, as the Co-Chair of the Saudi-India Business Council (SIBC).
Dr Siddeek Ahmed, the Chairman of Eram Holdings, has been appointed as the Chair of the Indian side of the SIBC.
The United States Trade Representative (USTR) has released the 38th annual “2026 Special 301 Report” to evaluate the Intellectual Property Rights (IPR) protection of global trading partners. India remains on the Priority Watch List along with 5 other nations.
Vietnam is designated as a Priority Foreign Country (PFC), which represents the highest level of scrutiny. Argentina and Mexico were moved to the Watch List following improvements in regulatory frameworks, while Bulgaria was removed from the report entirely.
The European Union (EU) was added to the report due to concerns regarding Geographical Indications (GI) and pharmaceutical legislation. It is to be noted that the review of Ukraine is suspended due to the ongoing conflict.
Union Minister Jitin Prasada has paid a two-day official visit to the Czech Republic to bolster bilateral trade, investment, and industrial cooperation. He co-chaired the 13th session of the India-Czech Republic Joint Commission for Economic Cooperation (JCEC) along with his Czech counterpart Jan Sechter in Prague, the capital of the Czech Republic.
The event witnessed the signing of the protocol of the 13th India-Czechia JCEC to formalize economic and industrial agreements. Additionally, the India-Czech Business Forum was inaugurated in Prague to promote mutual investment and strengthen Business-to-Business (B2B) linkages between the two countries.
Union Minister Jitin Prasada has paid a two-day official visit to the Czech Republic to bolster bilateral trade, investment, and industrial cooperation. He co-chaired the 13th session of the India-Czech Republic Joint Commission for Economic Cooperation (JCEC) along with his Czech counterpart Jan Sechter in Prague, the capital of the Czech Republic.
The event witnessed the signing of the protocol of the 13th India-Czechia JCEC to formalize economic and industrial agreements. Additionally, the India-Czech Business Forum was inaugurated in Prague to promote mutual investment and strengthen Business-to-Business (B2B) linkages between the two countries.
The 7th Joint Group of Customs (JGC) meeting between India and Bhutan was held in Munnar, Keralam. The session was co-chaired by Yogendra Garg, Special Secretary and Member (Customs) of the Central Board of Indirect Taxes and Customs (CBIC), and his Bhutanese counterpart Sonam Jamtsho.
India is the largest trading partner of Bhutan, accounting for 80% of the total trade volume of Bhutan. Bilateral trade between the two nations reached over $1.9 billion in FY25, showing a growth of more than 46% compared to FY24.
According to the government data, China has emerged as the largest trading partner of India for FY26, with total bilateral trade reaching $151.1 billion. The country has replaced the USA, which served as the primary trading partner of India for four consecutive years until FY25.
The trade deficit between India and China widened to $112.16 billion. During this period, the exports of India to China increased by 36.66% to $19.47 billion, while imports from China grew by 16% to $131.63 billion.
According to a report by the International Monetary Fund (IMF), the Gross Domestic Product (GDP) growth of India for FY27 is revised to 6.5% from the 6.4% growth rate estimated in the January outlook.