WTO Panel Established on China's Complaint Against India's PLI Schemes for Auto, Renewable Energy Sectors

India-EU FTA: Additional Preferential Steel Quota of 694,853 Tons, but CBCT Levy Applies

India secured an additional preferential steel export quota of 694,853 tons to the EU under the India-EU FTA, raising the total quota to 1.64 million tons. However, Indian steel remains subject to the EU's Carbon Border Adjustment Mechanism (CBAM), which could add costs equivalent to ~35% of value. This is a crucial trade-off for aspirants: market access vs. carbon compliance.

Piyush Goyal Warns Against India Becoming Conduit for Unethical Transhipment; US Alleges Shadow Network

Commerce Minister Piyush Goyal stresses that India must avoid becoming a conduit for unethical trade transhipments, especially after the US placed India in Tier-1 of a 'shadow transhipment network' hiding Chinese goods. He highlights India's FTAs and the need for genuine value addition, while awaiting preferential terms for the Bilateral Trade Agreement with the US.

BRICS Summit 2026: India Hosts Xi Jinping, Putin Amid Western Sanctions, TRIPS Waiver, CBAM Concerns

India hosts the 2026 BRICS summit (September 12-13) with Xi Jinping, Putin and Iran's President amid escalating Western sanctions against key members. The article explains why India may need BRICS as a risk mitigant against the weaponisation of the Western financial system, covering SWIFT bans, TRIPS waiver denial, Chabahar sanctions and CBAM trade barriers. For exams, this is a ready case study on Global South's push for alternative financial architecture.

India's Manufacturing Weakness Exposed as Trade Deficits with China ($112B) and Russia ($59B) Dominate BRICS Talks

India's massive trade deficits with China ($112B) and Russia ($59B) reveal a fundamental manufacturing weakness. As BRICS leaders meet in Delhi, the article argues that diplomacy cannot substitute for industrial capacity. For exam aspirants, this is a critical case study of how India's external economic relations are constrained by domestic industrial shortcomings.

BRICS Finance Ministers & Central Bank Chiefs Unite Against Unilateral Tariffs, Push Local Currency Settlement

The BRICS FMCBG meeting under India's chairship issued a joint statement expressing serious concern over unilateral tariffs imposed by the US, which distort trade and violate WTO rules. They also pushed for cross-border payments in local currencies and established a new Task Force on Growth and Development. This is crucial for India's BRICS presidency and global trade dynamics.

BRICS New Delhi Declaration 2026: India Pushes MSME Focus, WTO Reforms, and Local Currency Trade

At the 18th BRICS Summit in New Delhi, India leveraged its 2026 chairship to prioritize MSME development, launching the inaugural SME Forum and a report on MSME competitiveness. The declaration also reiterated concerns over unilateral trade measures, pushed for WTO/IMF/World Bank reforms, and supported Ethiopia and Iran's WTO accession. This is critical for understanding India's role in the Global South and multilateral trade dynamics.

India's Exports to Core BRICS Surge 34% to $19.9 Billion; China Leads

India's exports to core BRICS nations (China, South Africa, Brazil, Russia) surged 34% to $19.9 billion in April-August 2026-27, with China leading at 39% growth. This highlights the bloc's growing importance in India's trade strategy, offering a counter-narrative to the usual focus on Western markets.

BRICS Summit 2026: India Chairs 18th Summit, Adopts New Delhi Declaration with 140 Paragraphs on Trade, Health, Tourism

The 18th BRICS Summit in New Delhi under India's presidency adopted the New Delhi Declaration, expanding the group to 10 full members and 10 partner countries. Key initiatives include Seafarers' Emergency Support Network, NIMHANS as nodal mental health centre, and condemnation of Pahalgam terror attack. The summit avoided mention of a common BRICS currency or Ukraine, focusing instead on cooperation.