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May 26, 2025 News Image India becomes world's fourth largest economy, overtaking Japan: NITI Aayog CEO.
India has become the fourth largest economy in the world, overtaking Japan, NITI Aayog CEO B V R Subrahmanyam said on Saturday. Briefing reporters after the 10th Governing Council meeting of Niti Aayog, Subrahmanyam said overall geopolitical and economic environment is favourable to India. 'We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I speak,' he said.
 Source:  economictimes.indiatimes.com
May 26, 2025 News Image Pakistan rice exports in trouble on internal, external conflicts.
Pakistan rice exports in trouble as the unrest in Sindh has added the problems it is facing in shipping its consignments, after its bilateral relations with India deteriorated. In April, Pakistan rice exports declined to a little less than 44,000 tonnes, the lowest during the country’s current fiscal to June, data released by the State Bank of Pakistan showed.
 Source:  thehindubusinessline.com
May 26, 2025 News Image MoFPI Invites EoI for Agro Processing Clusters under PMKSY.
Ministry of Food Processing Industries, Government of India, has invited applications through Expression of Interest (EoI) dated 14.05.2025 under Scheme for Creation of Infrastructure for Agro Processing Industries (APC) of PRADHAN MANTRI KISAN SAMPADA YOJANA (PMKSY) from prospective entrepreneurs for setting up of Agro processing Clusters with closing date as 14th July, 2025 at 17.00 hrs.
 Source:  pib.gov.in
May 26, 2025 News Image India gains as US tariffs rise: Local firms see export boom.
Chief executives of leading homegrown companies including Dixon Technologies, Tata Consumer Products, Blue Star, Havells and Arvind, have told analysts that Indian businesses are at a competitive position in the US tariff scenario and most of them are now flooded with queries for higher business from their US partners. The chief executives said the India-US bilateral trade agreement (BTA) currently being discussed will provide an impetus to business.
 Source:  economictimes.indiatimes.com
May 26, 2025 News Image Decathlon plans to double sourcing from India once EU FTA is finalised.
French sporting goods retailer Decathlon plans to double its sourcing of goods from India once the country's free trade agreement (FTA) with the European Union (EU) is finalised, Sankar Chatterjee, the chief executive of the company's India operations, told ET. Decathlon Sports India's Chatterjee said if the FTA comes through as expected by December, the Indian production market for sporting goods could see a boom.
 Source:  economictimes.indiatimes.com
May 26, 2025 News Image India protests US rejection of mango shipments, cites inspection irregularities.
Tensions have flared between Indian and US regulatory bodies after the United States rejected 15 mango shipments from India, citing procedural issues during treatment. Indian officials have pushed back, accusing US inspectors of bypassing standard protocols, causing unnecessary rejection of approximately 25 tonnes of premium mangoes. The mangoes, originating from 10 different Indian exporters, were processed at a US-approved irradiation facility in Mumbai under the direct supervision of US inspectors. However, the rejections came without prior intimation to the Mumbai facility.
 Source:  fnbnews.com
May 26, 2025 News Image India, Brazil to sweeten global sugar output in 2025-26.
Increase in sugar production in India and Brazil on account of favourable weather conditions is set to drive higher global output of the sweetener during the 2025-26 marketing year, starting October. According to the US Department of Agriculture (USDA), this increase will help offset the decline in the European Union. Brazil and India are the top two sugar producers in the world followed by the EU.
 Source:  thehindubusinessline.com
May 26, 2025 News Image India calls for dismantling of export controls among BRICS members at 15th BRICS Trade Ministers’ Meeting.
The 15th BRICS Trade Ministers’ Meeting was held on 21st May 2025 under the Presidency of Brazil, with the theme, 'Strengthening Global South Cooperation for More Inclusive and Sustainable Governance.' India used the platform to oppose export controls among BRICS members, encouraging mutual support within the bloc. As India prepares to assume the BRICS Presidency in 2026, it commended the solution-oriented approach of the Brazilian Presidency in addressing critical trade issues.
 Source:  pib.gov.in
May 26, 2025 News Image BRICS trade ministers' meet: India calls for dismantling export controls among members.
India has urged member nations of BRICS group to dismantle export controls within the bloc to boost trade, an official statement said on Friday. Representing India at the 15th BRICS trade ministers' meeting in Brazil, Economic Adviser in Department of Commerce Yashvir Singh emphasised the need to eliminate restrictive trade measures that disrupt critical supply chains. 'India used the platform to oppose export controls among BRICS members, encouraging mutual support within the bloc,' the commerce ministry said.
 Source:  economictimes.indiatimes.com
May 26, 2025 News Image Piyush Goyal meets EU counterpart for second time in a month on FTA talks.
Commerce and Industry Minister Piyush Goyal has met European Commissioner for Trade Maros Sefcovic in Brussels, their second meeting within a month, to discuss the proposed free trade agreement (FTA), currently under negotiation between the two regions. Goyal travelled to Brussels on May 23 from Washington, while India's chief negotiator L Satya Srinivas and his team are already at the EU headquarters for the FTA negotiations. The Indian minister held meetings with his EU counterpart earlier this month.
 Source:  economictimes.indiatimes.com