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Foreign direct investments (FDI) in India in the services sector has surged by 77.6% to $7.55 billion in the initial nine months of this fiscal, supported by government measures for improving the ease of doing business.

Speaking to the reporters on the margins of the international oil and gas meet CERA Week, Fatih Birol, Executive Director of IEA, said: "India is moving to the centre stage of global oil and energy markets. It is not only oil. It is coal. It is solar. It is out of the strong growth in the economy and the population growth."

Given the turn of surprising events during the day, there was an air of anticipation and excitement at the meet where former Finance Minister P Chidambaram spoke at length about India's economic growth, demonetization, reforms and taxes, simplifying taxes for commerce, anti-globalization, and many other economic issues and challenges that plague India and other countries

India's textiles exports fell about 4.5% to $26 billion during April- December of 2016-17. "The exports of textiles during 2016-17 (April-December) were $26 billion compared to $27.2 billion during 2015-16 (April-December)," Ajay Tamta, Minister of State for Textiles said on Friday in a written reply to the Rajya Sabha.

The Trade Policy Agenda released by Trump administration for the year 2017 highlights the fast paced growth in US-India trade since 1980, when the total trade between the two nations was merely $4.8 billion. The US-India trade in goods and services has expanded by over 9% year-on-year to attain a figure of $109 billion in 2015, according to the document.

India's exports grew consecutively for the 6th month, as the month of February 2017 posted a 17.48% year on year growth in exports. Total exports for the month stood at $24.5 billion, when compared to $20.8 billion in January 2016. For the same month, trade deficit widened year on year from $6.5 billion in 2016 to $8.8 billion in 2017.

Larsen & Toubro (L&T) on Thursday announced its electrical and automation business division has secured a Rs.500 crore contract from Qatar Rail Company for phase 1 of Doha Metro.

Power and Renewable Energy Minister Piyush Goyal on Friday said India's solar power generation capacity would most likely cross 20,000 MW over the next 15 months from its current capacity of 10,000 MW.

The government has imposed a 10% import duty on imports of tur or arhar pulse (pigeon pea) and wheat with immediate effect.

The exports of Basmati rice from India is expected to touch Rs.22,000-Rs.22,500 crore in financial year 2017-18 and the volume to about 4.09 million tonne primarily supported by a growth in average realisations, said the credit rating agency ICRA Ltd in a report on Wednesday.

Gems and Jewellery industry welcomed the government's decision of fixing the goods and services tax (GST) rate at 3% for gold and 0.25% for rough diamonds, stating the step will help in boosting the business.

The Russian President's positive announcement after the summit concluded at St.Petersburg, summed up the positive developments and growth trajectory that PM Modi's talks could have had. Putin said,

India and Pakistan's admission as full members to the Shanghai Cooperation Organisation (SCO) will be formalised at the political and security grouping's summit in Kazakhstan next week, China announced today, while hoping that they would "strictly follow" its charter.

India's exports of spices and spice products surged 12% to an all-time high in terms of value and also in volume terms in the financial year 2016-17, a communication from the Spices Board on Wednesday revealed. India exported Rs.17,664.61 crore ($2633.3 million) worth of spice products in 2016-17. In terms of volume, it stood at 9,47,790 tonnes. In the fiscal of 2015-16, the spice products export stood at 8,43,255 tonnes in terms of volume and at Rs.16238.23 crore ($ 2482.83 million) in value terms.

Federation of Indian Export Organisation (FIEO) on Friday said that the continuous growth in exports gives confidence to the exporters in India on easy sailing with GST.

India's exports grew by 8.32% to $24 billion in May, registering an upward growth in the last eight months. However, the trade deficit also surged to $13.84 billion a 30-month high, majorly on account of higher gold imports.

On the path to complete all responsibilities and release the requisite laws, regulations and rates ahead of the proposed transition date of July 1, 2017, the GST Council met on June 3, 2017. The key developments during the meeting were: A committee comprising revenue officers from Centre and States is to be set up to entertain complaints relating to anti-profiteering.

The RoSL (Rebate of State Levies) scheme has benefitted 85% of apparel exporters in their export performance, a survey conducted by Apparel Export Promotion Council (AEPC) revealed.