Economy & Trade

India Expands Export Controls with New SCOMET Category 7 for Emerging Technologies

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India has amended its SCOMET (Special Chemicals, Organisms, Materials, Equipment, and Technologies) list with a new Category 7, introducing export controls on advanced semiconductors, quantum tech, cryogenic systems, and related software.

India-Cyprus Relations: Strategic Partnership and Economic Roadmap 2025–2029

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India and Cyprus advance their comprehensive partnership through strengthened defense ties, growing trade links, and a forward-looking Joint Action Plan for 2025–29.

How India–US Trade Is Shifting: State-Level Export Patterns, HS Codes, and Strategic Opportunities

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Explore top US states exporting to India, India’s major exports to the US, HS-code trends, and strategic sector opportunities.

India’s Services Sector Performance and Contribution to GDP in 2025: An Overview

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India’s services sector is entering a new phase of innovation-led growth, driven by rapid advances in technology, finance, and digital infrastructure. Businesses and investors should focus on high-value, export-oriented service models.

India’s Per Capita Income Growth: 2024-25 Analysis

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India’s per capita income is set to double by 2030, transforming the country into an aspiration-driven consumer economy. Explore how rising incomes, rural participation, and premiumization trends are reshaping business prospects across FMCG, retail, and services.

India’s ECMS Scheme: Seven Electronics Manufacturing Projects Approved Worth US$625 Mn

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India’s ECMS initiative has its first set of beneficiaries – high-value components like PCBs, camera modules, and copper laminates – which will boost local electronics manufacturing. The scheme launched in April 2025, with applications opening May 1.

India and China Resume Direct Passenger Flights: Boost for Trade, Tourism, and Regional Connectivity

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On October 26, 2025, direct flights between India and China resumed after a five-year suspension, marking a major milestone toward restoring normal bilateral exchanges.

India’s Smartphone Shipments Grow 3% in Q3 2025: Vivo Leads, Apple Hits Record High

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India’s smartphone shipments increased by 3 percent year-on-year in the July-September period, with Apple recording its highest-ever quarterly shipments at 4.9 million units. We note key factors shaping sales trends in this highly competitive market.

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