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    June 18, 2026
    India to allow import of 3.78 lakh UK cars at concessional duty in first 15 years of trade pact
    June 18, 2026
    Attack on ED officials: Court rejects bail plea of three accused
    June 18, 2026
    Indian money in Swiss banks dips to CHF 3.25 bn; customer deposits up
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    June 18, 2026
    India-UK social security pact to benefit 90-95 pc of Indian professionals working in Britain
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    OFCD case: SC agrees to hear SEBI's plea against SAT relief to SICCL managers
    June 18, 2026
    Gold imports drop 70 pc to 30 tonnes after duty hike: Official
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    India and the United Kingdom Unleash a Next Generation Economic Corridor: Comprehensive Economic and Trade Agreement (CETA) and Agreement on Social Se...
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    India-UK trade pact: 85 pc of India's exports out of British steel measures
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June 18, 2026
India to allow import of 3.78 lakh UK cars at concessional duty in first 15 years of trade pact
Show AI Summary
Phased customs duty cuts on UK passenger car imports set quota limits, price bands and EV concession rules.
India-UK Comprehensive Economic and Trade Partnership provides for phased, quota-based reduction of customs duty on passenger car imports from the UK into India over the first 15 years of implementation. Conventional-engine passenger cars are subject to specified annual quotas across engine-size categories, with duty reductions tapering to a final 10 per cent, while electric, hybrid and hydrogen passenger cars receive concessions only from the sixth year, subject to price bands and quotas. Zero-emission two-wheelers, buses and trucks are excluded from any customs duty concession commitment.
June 18, 2026
Attack on ED officials: Court rejects bail plea of three accused
Show AI Summary
Bail petitions in alleged attack on ED officials dismissed amid continuing investigation and attempted murder charges.
Bail petitions filed by three accused in connection with the alleged attack on Enforcement Directorate officials were dismissed in proceedings arising from the CMRL money laundering probe. The accused argued that the allegations were baseless and that investigation against them had been completed, but the prosecution said investigation was still continuing. The matter relates to an alleged attack on ED and CRPF personnel after searches at the residence of the former Chief Minister, with police invoking multiple offences, including attempted murder.
June 18, 2026
Indian money in Swiss banks dips to CHF 3.25 bn; customer deposits up
Show AI Summary
Swiss bank deposits by Indian clients fell overall, while individual customer accounts and tax information exchange continued to expand.
Swiss National Bank data showed that Indian money in Swiss banks fell in 2025 to CHF 3.25 billion, with the decline driven mainly by funds held through local branches and other financial institutions. Customer deposits rose to CHF 524 million, while amounts due to banks remained the largest component at CHF 2.6 billion. Separate locational banking statistics showed an increase in deposits by Indian individuals to USD 89.73 million. The article also notes the automatic exchange of information in tax matters between Switzerland and India since 2018.
June 18, 2026
Bharat Buildcon 2026 Inaugurated Under the Theme ‘One Nation, One Expo’
Show AI Summary
Free Trade Agreements support Indian industry as Bharat Buildcon 2026 showcases construction sector collaboration and global market access.
Bharat Buildcon 2026 was inaugurated as an industry exhibition for the building materials and construction sector under the theme "One Nation, One Expo". The event brought together participants from more than 90 countries and over 100 Indian cities for industry interaction and business engagement. The Minister highlighted the role of Free Trade Agreements in expanding opportunities for Indian industry, including expected market access and stronger trade relations under the India-UK Comprehensive Economic and Trade Agreement.
June 18, 2026
Rahul Gandhi only hugs people of same caste, alleges CPI(M) leader Balan
Show AI Summary
Money laundering probe over alleged sham payments and loans, with proceedings under the Prevention of Money Laundering Act.
The Enforcement Directorate's money-laundering investigation concerns alleged transactions between Cochin Minerals and Rutile Ltd., Exalogic, and associated entities, including payments said to have been made without corresponding services and loans allegedly extended despite non-repayment. The agency alleges that these transactions generated proceeds of crime and has registered a case under the Prevention of Money Laundering Act on the basis of a prosecution complaint filed by the Serious Fraud Investigation Office.
June 18, 2026
India-UK social security pact to benefit 90-95 pc of Indian professionals working in Britain
Show AI Summary
Social security exemption for temporary India-UK assignees will cut duplicate contributions and support skilled worker mobility.
The India-UK Double Contribution Convention will exempt employees temporarily transferred between the two countries from host-country social security contributions for up to five years, subject to a certificate of coverage. The arrangement is reciprocal for eligible UK nationals working in India and is intended to preserve home-country social security coverage during temporary overseas assignments while reducing duplicate contribution burdens on workers and employers.
June 18, 2026
OFCD case: SC agrees to hear SEBI's plea against SAT relief to SICCL managers
Show AI Summary
Public offer classification of OFCD issuances and employee liability remain under challenge before the Supreme Court.
Securities law issues concerning the issuance of optionally fully convertible debentures (OFCDs) by Sahara India Commercial Corporation Ltd. are under challenge, with SEBI contesting a part of the Securities Appellate Tribunal's relief granted to four managers and the company secretary. The tribunal had treated the OFCD issuances as a public offer within SEBI's regulatory jurisdiction, while also distinguishing the position of employees from that of the directors who had authorised the prospectus and remained responsible as principals for acts done through their agent. SEBI has now challenged this limited relief before the Supreme Court.
June 18, 2026
Gold imports drop 70 pc to 30 tonnes after duty hike: Official
Show AI Summary
Gold import duty hike drives sharp fall in volumes as foreign exchange conservation becomes policy priority.
Gold imports in India declined sharply in volume terms after the customs duty on gold and silver was raised from 6 per cent to 15 per cent. Imports reportedly fell to about 25-30 tonnes in a month from earlier levels of 75-100 tonnes, while higher global prices kept import values elevated. The duty increase is presented as part of a broader policy response aimed at curbing gold purchases and conserving foreign exchange for essential imports.
June 18, 2026
ED carries out searches across Kerala in organ donation racket money laundering probe
Show AI Summary
Money laundering probe over forged organ donation racket focuses on intermediaries, hospital transactions, and verification bypasses.
Enforcement Directorate searches were conducted at hospitals and residences across Kerala in a money laundering probe linked to an alleged racket facilitating illegal organ donations through forged documents. The investigation was based on multiple police FIRs, with preliminary material indicating that intermediaries arranged donations between donors, recipients and hospitals for substantial sums. Investigators were examining bank transactions and medical records connected with the alleged organ donation arrangements. Police enquiries also indicate that the accused forged hospital letterheads, police clearance certificates and recommendation letters to bypass verification and clearance requirements.
June 18, 2026
India and the United Kingdom Unleash a Next Generation Economic Corridor: Comprehensive Economic and Trade Agreement (CETA) and Agreement on Social Security Contributions Set to Enter into Force on 15th July 2026
Show AI Summary
Trade and social security framework expands duty-free access, services mobility, and temporary worker contribution relief.
India and the United Kingdom will bring CETA and the Agreement on Social Security into force on 15 July 2026, creating a broad trade and mobility framework covering goods, services, digital trade, telecommunications, financial services, intellectual property, government procurement, innovation, SMEs, sustainability and transparency. CETA provides immediate duty-free access for nearly 99% of India's exports to the UK, expands services market access across 137 sub-sectors, and preserves protection for sensitive Indian sectors. The Social Security Agreement exempts temporary workers from dual contributions and extends the exemption period from 3 years to 5 years.
June 18, 2026
Modi, Trump direct officials to fast-track 'commercially meaningful' trade Pact
Show AI Summary
Trade agreement talks advance as India and the United States push for a balanced, commercially meaningful pact.
Trade negotiations between India and the United States were advanced through a directive by the two leaders to their officials to work towards a balanced, mutually beneficial and commercially meaningful interim bilateral trade agreement at the earliest. The talks were described as having made significant progress, with further negotiations already underway and a visiting trade representative expected to take them forward. Both sides also reaffirmed commitment to strengthen the India-US Comprehensive Global Strategic Partnership and expand cooperation across defence, strategic technologies, energy and bilateral trade.
June 18, 2026
President Lula warns Trump not to meddle in Brazil's elections
Show AI Summary
Foreign interference in elections fuels Brazil-US tensions amid tariff disputes, sanctions, and criticism of drug-cartel designations.
Brazilian President Luiz Inacio Lula da Silva warned against foreign interference in Brazil's October presidential election after remarks by the US President and renewed criticism linked to judicial action involving Lula's political rivals. The dispute reflects escalating tensions between Brazil and the United States over Brazil's domestic politics, including US sanctions against a Brazilian Supreme Court Justice and public comments about the Bolsonaro family. The article also notes proposed additional tariffs on Brazilian imports and Lula's criticism of the US designation of two Brazilian drug-trafficking groups as foreign terrorist organizations.
June 18, 2026
India to allow reduced-duty import of 3.78 lakh UK cars in first 15 years of trade pact
Show AI Summary
Phased customs duty cuts and quota limits govern UK passenger car imports under the India-UK trade pact.
India-UK trade pact provides phased reduction of customs duty on passenger vehicle imports from the UK, with quota-based access across specified engine-capacity and price bands. Conventional-engine passenger cars receive concessional treatment over 15 years, while electric, hybrid and hydrogen passenger cars are covered only from later years under limited quotas and reduced duties. Vehicles priced below GBP 40,000 CIF are excluded from market opening, and zero-emission two-wheelers, buses and trucks are excluded from any preferential customs duty concession.
June 17, 2026
NSE Files for Rs 30,000-cr IPO; set to become India's biggest-ever public issue
Show AI Summary
Offer for sale structure drives National Stock Exchange's long-delayed public listing filing after regulatory hurdles ease.
National Stock Exchange filed preliminary papers for a proposed initial public offering structured entirely as an offer for sale by existing shareholders. The filing follows board approval and a no-objection certificate, after years of delay caused by regulatory concerns, including the co-location controversy and governance lapses. The exchange later made further compliance representations, appointed merchant bankers and other advisers, and pursued settlement in the unfair market access matter, with in-principle approval of that settlement described as removing a key obstacle to the proposed listing.
June 17, 2026
India-UK trade pact: 5-yr exemption from social security payments to benefit 75,000 Indian professionals
Show AI Summary
Social security exemption for Indian workers in the UK extends to five years under the trade pact.
Social security arrangements under the India-UK trade pact provide a temporary exemption from dual social security contributions for Indian workers and employers in the United Kingdom during overseas assignments. The exemption period is extended from three years to five years, applying to employees seconded from India to support UK operations. The arrangement is intended to preserve continued social security coverage during temporary postings and to facilitate labour mobility between the two countries.
June 17, 2026
India-UK trade pact: 85 pc of India's exports out of British steel measures
Show AI Summary
Steel trade safeguards shape India-UK CETA implementation as quota limits and tariff rules are adjusted for exporters.
India-UK CETA is set to enter into force from 15 July 2026, with steel trade arrangements designed to keep a substantial share of India's exports outside the UK's safeguard measures. India's interests are said to be protected through country-specific quota, residual quota and access under the Authorised Use Scheme, while the UK's new steel regime will limit tariff-free imports, reduce quota volumes and impose a higher tariff on imports above the permitted levels. The article also notes the UK's planned carbon border adjustment mechanism from 2027.
June 17, 2026
India-UK trade pact to come into force from July 15
Show AI Summary
India-UK free trade pact expands duty-free market access and extends social security relief for temporary workers.
India and the United Kingdom will bring into force the free trade agreement and the Agreement on Social Security, or Double Contribution Convention, on 15 July 2026 after completing internal procedures and ratifications. The pact is said to provide immediate duty-free access for 99 per cent of Indian exports, tariff reductions on selected British goods, and broader market access for services, while preserving exclusion lists for sensitive sectors. The Double Contribution Convention will exempt Indian companies in the UK from social security contributions for up to five years for employees sent from India.
June 17, 2026
SKM warns Centre against India-US FTA, calls for nationwide protests if pact signed
Show AI Summary
Minimum Support Price guarantee and trade pact opposition drive a nationwide farmers' protest campaign.
Opposition to the proposed India-US Free Trade Agreement centred on demands for a legal guarantee of Minimum Support Price at C2 plus 50 per cent with assured procurement, repeal of free trade agreements, and a comprehensive farm loan waiver. The campaign also included planned nationwide protest action, protest forms to be by state bodies, and related demands on rural employment, wages, water rights and other local agitations.
June 17, 2026
India-UK trade deal to come into effect on July 15: PM Modi and PM Starmer
Show AI Summary
Trade liberalisation and tariff cuts under the India-UK economic pact are set to begin on 15 July 2026.
The India-UK Comprehensive Economic and Trade Agreement is scheduled to enter into force on 15 July 2026, initiating a framework for deeper bilateral trade, investment and market access. The agreement is described as providing substantial tariff liberalisation across goods and services, including staged reductions or elimination of duties on selected products, and reciprocal social security coordination for highly skilled professionals on pre-existing visa routes.
June 17, 2026
Navi Mumbai Airport to launch international operations on July 15
Show AI Summary
International passenger and freighter operations set to begin at Navi Mumbai airport as customs readiness nears completion.
Navi Mumbai International Airport is expected to commence international passenger flights and international freighter operations from July 15, with Air India Express and IndiGo reported as the initial operators. Customs readiness for international operations was nearing completion, including relevant notifications and trial procedures for courier and cargo systems, with a further trade notice anticipated. The operator also said cargo would follow a hub-and-spoke model and that planning had begun for the next phase of terminal expansion.

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The cumulative exports (merchandise & services) during April-May 2026-27 is estimated at US$ 162.69 Billion, as compared to US$ 141.89 Billion in April-May 2025-26, an estimated growth of 14.66%

June 15, 2026

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The cumulative value of merchandise exports during April-May 2026-27 was US$ 88.91 Billion, as compared to US$ 76.59 Billion during April-May 2025-26, registering a positive growth of 16.09%

The cumulative Non-Petroleum exports in April-May 2026-27 valued at US$ 70.74 Billion registered an increase of 10.49% as compared to US$ 64.03 Billion in April-May 2025-26

Major drivers of merchandise exports growth in May 2026 include Petroleum Products, Engineering Goods, Organic & Inorganic Chemicals, Electronic Goods, and Gems & Jewellery

Petroleum Products exports increased by 54.89% from US$ 5.44 Billion in May 2025 to US$ 8.42 Billion in May 2026

Engineering Goods exports increased by 24.48% from US$ 9.89 Billion in May 2025 to US$ 12.31 Billion in May 2026

Organic & Inorganic Chemicals exports increased by 12.71% from US$ 2.41 Billion in May 2025 to US$ 2.72 Billion in May 2026

Electronic Goods exports increased by 11.62% from US$ 4.57 Billion in May 2025 to US$ 5.10 Billion in May 2026

Gems & Jewellery exports increased by 6.66% from US$ 2.38 Billion in May 2025 to US$ 2.53 Billion in May 2026

India’s total exports (Merchandise and Services combined) for May 2026* is estimated at US$ 81.96 Billion, registering a positive growth of 15.83 percent vis-à-vis May 2025. Total imports (Merchandise and Services combined) for May 2026* is estimated at US$ 92.47 Billion, registering a positive growth of 19.23 percent vis-à-vis May 2025.

Table 1: Trade during May 2026*

 

 

May 2026

(US$ Billion)

May 2025

(US$ Billion)

Merchandise

Exports

45.20

38.30

Imports

73.41

60.86

Services*

Exports

36.76

32.46

Imports

19.06

16.70

Total Trade

(Merchandise +Services) *

Exports

81.96

70.76

Imports

92.47

77.55

Trade Balance

-10.51

-6.79

* Note: The latest data for services sector released by RBI is for April 2026. The data for May 2026 is an estimation. (ii) Data for April-May 2025-26 and April-December 2025 has been revised on pro-rata basis using quarterly balance of payments data.

Fig 1: Total Trade during May 2026*

India’s total exports during April-May 2026-27* is estimated at US$ 162.69 Billion registering a positive growth of 14.66 percent. Total imports during April-May 2026-27* is estimated at US$ 182.83 Billion registering a growth of 14.38 percent.

Table 2: Trade during April-May 2026-27*

 

 

April-May 2026-27

(US$ Billion)

April-May 2025-26

(US$ Billion)

Merchandise

Exports

88.91

76.59

Imports

145.35

126.24

Services*

Exports

73.79

65.30

Imports

37.48

33.61

Total Trade

(Merchandise +Services) *

Exports

162.69

141.89

Imports

182.83

159.85

Trade Balance

-20.13

-17.96

 

Fig 2: Total Trade during April-May 2026-27* 

        

MERCHANDISE TRADE

  • Merchandise exports during May 2026 were US$ 45.20 Billion as compared to US$ 38.30 Billion in May 2025.

  • Merchandise imports during May 2026 were US$ 73.41 Billion as compared to US$ 60.86 Billion in May 2025.

Fig 3: Merchandise Trade during May 2026

  • Merchandise exports during April-May 2026-27 were US$ 88.91 Billion as compared to US$ 76.59 Billion during April-May 2025-26.

  • Merchandise imports during April-May 2026-27 were US$ 145.35 Billion as compared to US$ 126.24 Billion during April-May 2025-26.

  • Merchandise trade deficit during April-May 2026-27 was US$ 56.44 Billion as compared to US$ 49.65 Billion during April-May 2025-26.

Fig 4: Merchandise Trade during April-May 2026-27

  • Non-petroleum and non-gems & jewellery exports in May 2026 were US$ 34.24 Billion compared to US$ 30.49 Billion in May 2025.

  • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in May 2026 were US$ 46.09 Billion compared to US$ 41.44 Billion in May 2025.

Table 3: Trade excluding Petroleum and Gems & Jewellery during May 2026

 

May 2026

(US$ Billion)

May 2025 (US$ Billion)

Non- petroleum exports

36.78

32.87

Non- petroleum imports

50.73

46.11

Non-petroleum & Non-Gems & Jewellery exports

34.24

30.49

Non-petroleum & Non-Gems & Jewellery imports

46.09

41.44

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 5: Trade excluding Petroleum and Gems & Jewellery during May 2026

 

  • Non-petroleum and non-gems & jewellery exports in April-May 2026-27 were US$ 65.89 Billion, compared to US$ 59.15 Billion in April-May 2025-26.

  • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in April-May 2026-27 were US$ 91.97 Billion, compared to US$ 81.19 Billion in April-May 2025-26.

Table 4: Trade excluding Petroleum and Gems & Jewellery during April-May 2026-27

 

April-May 2026-27

(US$ Billion)

April-May 2025-26

(US$ Billion)

Non- petroleum exports

70.74

64.03

Non- petroleum imports

104.05

90.79

Non-petroleum & Non Gems & Jewellery exports

65.89

59.15

Non-petroleum & Non Gems & Jewellery imports

91.97

81.19

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-May 2026-27

SERVICES TRADE

  • The estimated value of services export for May 2026* is US$ 36.76 Billion as compared to US$ 32.46 Billion in May 2025.

  • The estimated value of services imports for May 2026* is US$ 19.06 Billion as compared to US$ 16.70 Billion in May 2025.

Fig 7: Services Trade during May 2026*

 

  • The estimated value of service exports during April-May 2026-27* is US$ 73.79 Billion as compared to US$ 65.30 Billion in April-May 2025-26.

  • The estimated value of service imports during April-May 2026-27* is US$ 37.48 Billion as compared to US$ 33.61 Billion in April-May 2025-26.

  • The services trade surplus for April-May 2026-27* is US$ 36.31 Billion as compared to US$ 31.69 Billion in April-May 2025-26.

Fig 8: Services Trade during April-May 2026-27*

  • Exports of  Other Cereals  (262.73%), Petroleum Products (54.89%), Meat, Dairy & Poultry Products (42.51%), Oil Meals (24.61%), Engineering Goods (24.48%), Handicrafts Excl. Hand Made Carpet (23.85%), Plastic & Linoleum (21.82%), Iron Ore (14.76%), Organic & Inorganic Chemicals (12.71%), Electronic Goods (11.62%), Gems & Jewellery (6.66%), Drugs & Pharmaceuticals (6.13%), Rice (5.38%), Cereal Preparations & Miscellaneous Processed Items (4.4%), Coffee (4.37%), and Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (1.89%) record positive growth during May 2026 over the corresponding month of last year.

  • Imports of Silver (-86.65%), Project Goods (-64.05%), Chemical Material & Products (-63.58%), Pearls, Precious & Semi-Precious Stones (-26.5%), Iron & Steel (-12.47%), Pulp And Waste Paper (-9.93%), Machine Tools (-8.14%), Newsprint (-6.69%), Textile Yarn Fabric, Made-Up Articles (-3.68%), and Wood &  Wood Products (-3.65%) record negative growth during May 2026 over the corresponding month of last year.

  • Services exports is estimated to grow by 12.99 percent during April-May 2026-27* over April-May 2025-26.

  • Top 5 export destinations, in terms of change in value, exhibiting positive growth in May 2026 vis a vis May 2025 are Singapore (68.96%), South Africa (116.21%), Tanzania Rep (196.89%), Italy (87.54%), and Sri Lanka Dsr (150.29%).

  • Top 5 export destinations, in terms of change in value, exhibiting positive growth in April-May 2026-27 vis a vis April-May 2025-26 are Singapore (123.75%), Tanzania Rep (172.22%), Sri Lanka Dsr (183.32%), South Africa (62.24%), and China P Rp (25.85%).

  • Top 5 import sources, in terms of change in value, exhibiting growth in May 2026 vis a vis May 2025 are Russia (63.46%), China P Rp (23.4%), U S A (54.43%), Oman (305.66%), and Brazil (358.83%).

  • Top 5 import sources, in terms of change in value, exhibiting growth in April-May 2026-27 vis a vis April-May 2025-26 are Russia (40.02%), China P Rp (22.15%), Oman (277.63%), U S A (19.4%), and Brazil (180.35%).

*Link for Quick Estimates

*Exim Summary Export

*Exim Summary Import

*Exim Summary Country wise-Export

*Exim Summary Country wise-Import

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