World Bank report expresses concern over falling exports; elevated exchange rate, capital crunch due to GST, among others, seen as major causes.
The two countries agreed to deepen bilateral cooperation in defence, set up a common task force on cyber security and form a partnership on innovation at the summit for Nordic leaders.
Jaitley responds to reports of currency shortage in six states saying that it would be tackled quickly.
The export of pharmaceuticals, especially generics and drug formulations, is one of India’s strengths. But China has been steadily eroding India’s advantage.
It is highly unlikely that India will be called a manipulator as it has persistently been running current account deficits since 2005.
The inevitability of going to a trade war has been accepted as “predestined,” with the “when” entirely driven by approval rating and domestic quibble.
Gems and jewelry exports fell 16.6 percent from a year ago pushing India’s trade deficit deep into the red and giving more ammunition to rupee bears, who have driven the currency to a five-month low. It...
The one-day summit in Stockholm is an opportunity for Nordic businesses to sign trade deals with the Modi govt, which has been resistant to deals that could flood India with foreign goods.
The firm is working hard to recover the money. However, its efforts might be hampered by India’s crackdown on cryptocurrencies even as global prices rebound.
In veteran stock picker Raamdeo Agrawal's view it doesn’t even matter who becomes the country’s next Prime Minister because the economy will grow anyway. India’s stocks are falling. Investors are worried about upcoming elections. But Raamdeo...