India banned wheat exports in 2022 after output was curtailed due to a heat wave, but overseas sales picked up as Russia’s invasion of Ukraine sent global prices to multi-year highs.
The decision to remove the additional duty was one of six WTO disputes India and US resolved when PM Modi visited Washington in June but it was implemented only last week.
The Indian experience so far is that when imports are banned or restricted in the expectation of domestic manufacturers filling in, it almost never — in fact, never — happens.
According to Chinese customs data, Beijing's overall bilateral goods trade with Moscow stood at $73.15 bn in January-April period this year — a 41% increase from same period in 2022.
Merchandise trade rose to $9.12 billion in April-November 2022 from $6.44 billion in the same period in 2021. But this time, it was driven by imports from Turkey.
BKS says these pulses are to be sown in kharif season beginning soon, and if farmers are worried about low prices due to imports, it’ll affect govt’s ‘atmanirbhar’ push.
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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