In FY24, India imported USD 5.4 billion worth of silver globally. As tariffs drop to zero over the coming years, it is anticipated that most silver imports will be sourced from the UAE, resulting in a potential revenue loss of Rs 6,700 crore due to the tariff advantage
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India’s total exports during April to May 2024 is estimated at USD 133.61 billion
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The European biodiesel industry has complained of a surge in imports from China which it believes involves supplies declared as made with recycled oil and fat but actually produced with cheaper and less sustainable virgin oil
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Despite strong gold demand in March, the market saw an unexpected downturn as jewellers stocked up for the Indian wedding season.
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