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Efforts on to restore rare earth imports, says govt

The Morning Standard

|

August 15, 2025

The Ministry of Commerce has designed a four-pillar strategy to help exporters withstand the impact of US President Donald Trump's new tariffs on Indian goods and broader geopolitical disruptions, according to senior government officials.

- Pushpita Dey @ New Delhi

The plan aims to enhance exports to 50 countries that together account for over 90% of India's export basket, with the aim of sustaining growth even if global trade turbulence persists.

The four-pillars strategy focuses on improving export competitiveness, bolstering promotion, and diversifying both export and import markets.

Between April-July FY25 and FY26, India logged export growth in 26 destinations, including Canada, Spain, China, Hong Kong and South Korea, while shipments to 14 markets like Turkey, Indonesia, Malaysia, and the Netherlands fell.

Of the 50 countries under review, 20 have been deemed of particular significance, with 30 more under consideration—with a special focus in Asian economies, as the World Trade Organization (WTO) projects stronger trade expansion in Asia.

"We are looking at these 50 countries which constitute more than 90% of our export basket. So, out of more than 193 countries, we are focusing now on these 50 select countries where export potential is very high, where they import a lot from the rest of the world but not from India and how we can diversify our exports in these countries," said an official from the ministry.

MÁS HISTORIAS DE The Morning Standard

The Morning Standard

The Morning Standard

Secrets from the beauty book

COME winter, most people start cribbing about stretched skin, peeling lips, straw-like hair, and the general dryness that takes over.

time to read

2 mins

December 01, 2025

The Morning Standard

The Morning Standard

Cyclone Ditwah: Four dead, 234 houses damaged in TN

CYCLONE Ditwah, which weakened into a deep depression on Sunday night, resulted in at least four deaths in Tamil Nadu and the inundation of around 56,000 hectares of paddy fields in the delta districts even as it brought relatively less rainfall than expected.

time to read

1 mins

December 01, 2025

The Morning Standard

APEX COURT MUST REVISIT RULINGS ON ENVIRONMENT LAWS

LAST week, a Supreme Court bench led by Chief Justice Surya Kant, sitting with Justice Joymala Bagchi, delivered a reminder that the Court does not have a “magic wand” to clear Delhi's air.

time to read

2 mins

December 01, 2025

The Morning Standard

Hong Kong building blaze toll rises to 146

THE death toll in Hong Kong’s apartment complex blaze rose to 146 on Sunday as investigators discovered more bodies in the burned-out buildings.

time to read

1 min

December 01, 2025

The Morning Standard

MISSION DECONGEST

SOMETHING is changing in and around the capital.

time to read

5 mins

December 01, 2025

The Morning Standard

The Morning Standard

11 die, 54 hurt after two govt buses collide in TN

₹3L each to the kin of deceased, @1L to injured passengers, says CM

time to read

2 mins

December 01, 2025

The Morning Standard

The Morning Standard

Lack of presence in paint a concern as India suffer yet another setback

ONE of the biggest concerns in India’s 57-81 loss to Saudi Arabia in the 2027 FIBA World Cup qualifiers match here on Sunday was the lack of India’s lack of presence in the paint.

time to read

1 mins

December 01, 2025

The Morning Standard

REAL DISASTER: MISSED EARLY WARNING ALERTS

Mounting public frustration targets the Sri Lankan government's response, from the lack of a relief-and-rescue mechanism to failure to declare a national emergency or issue timely disaster updates

time to read

4 mins

December 01, 2025

The Morning Standard

THE BHAKTI CONTINUUM

THE raising of the Dharmadhvaja at the Ram Mandir in Ayodhya was a profoundly moving moment for many, and it may be worth recalling the egalitarian socio-religious movement that prevails at the temple.

time to read

4 mins

December 01, 2025

The Morning Standard

The Morning Standard

Tactics behind low PC variations

WORLD No 2 India earned as many as 20 penalty corners against Oman, who are ranked 40 in FIH junior men’s rankings, in their second Pool B match of the Hockey Men’s Junior World Cup at the Mayor Radhakrishnan Hockey Stadium in Chennai on Saturday.

time to read

2 mins

December 01, 2025

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