India says it already meets US labour goals

IANS | July 9, 2026 11:25 AM

Washington, July 9 (IANS) India has mounted a broad defence of its legal, regulatory and corporate safeguards against forced labour, telling the US Trade Representative (USTR) that the country already has the institutions, laws and industry compliance systems needed to achieve the very objectives Washington is seeking through its proposed Section 301 tariff action.

Compliance-based cooperation, not tariffs, is effective pathway forward: CII tells USTR

IANS | July 9, 2026 10:54 AM

Washington, July 9 (IANS) The Confederation of Indian Industry (CII) has urged the United States to address concerns over forced labour through bilateral trade mechanisms instead of imposing additional tariffs, telling a US Trade Representative (USTR) hearing that dialogue and compliance would be more effective than punitive trade measures.

India resilient despite oil shock: IMF

IANS | July 9, 2026 10:31 AM

Washington, July 9 (IANS) India's economy remains resilient despite the headwinds of higher global oil prices triggered by the Middle East conflict, the International Monetary Fund (IMF) said as it marginally lowered the country's 2026 growth forecast to 6.4 per cent while projecting stronger expansion next year as the energy shock eases.

PM Modi understands business, long-term investing: AustralianSuper CEO

IANS | July 9, 2026 10:15 AM

Melbourne, July 9 (IANS) Prime Minister Narendra Modi's long-term vision for India's economic growth and his understanding of business and investing have reinforced investor confidence in the country, AustralianSuper Chief Executive Officer (CEO) Paul Schroder said on Thursday.

India, EU step up push for WTO reforms

IANS | July 9, 2026 9:59 AM

Washington, July 9 (IANS) India and the European Union plan to intensify cooperation on reforming the World Trade Organization (WTO), with both sides saying their newly concluded free trade agreement has created a stronger platform to jointly pursue changes to the global trading body amid growing uncertainty in international commerce.