Trading

National Stock Exchange has received regulatory approval from Securities and Exchange Board of India to invest in the proposed National Coal Exchange of India Ltd, marking a significant step toward formalizing coal trading in India. The initiative aims to create a transparent, efficient marketplace for physical coal transactions, replacing fragmented and opaque systems. The exchange will now seek licensing from the Coal Controller Organisation, advancing the country’s efforts to modernize commodity markets and improve price discovery in one of its most critical energy sectors.

China has emerged as India’s largest trading partner in FY26, overtaking the United States after four consecutive years of American dominance. Bilateral trade between India and China reached Rs. 12.5 lakh crore (USD 151.1 billion), driven by strong import growth and a notable rise in exports. However, the surge has been accompanied by a widening trade deficit, which expanded to a record Rs. 9.3 lakh crore (USD 112.16 billion). The shift underscores deepening economic interdependence while raising strategic concerns over trade imbalances and supply chain dependencies.