This comes when many global agencies have revised upwards their global growth projections for 2024, which could further boost exports. US India’s top export destination, followed by UAE.
Europe's share in Indian exports has gone up while Asia’s share is declining. The problem for India is: Europe’s economy is expected to struggle while Asia is set to drive global growth.
IMF's World Economic Outlook suggests growth slowdown in current year is concentrated in advanced economies, while emerging & developing economies are likely to lead global growth.
Two standard criticisms voiced by market-oriented commentators are that the Narendra Modi government has erred seriously in staying away from regional free trade arrangements,...
According to commerce ministry data, exports to UAE have grown at faster pace than total exports since Comprehensive Economic Partnership Agreement (CEPA) came into force on 1 May, 2022.
The sale of indigenous Advanced Towed Artillery Gun System, which is yet to be inducted into the Indian Army, is a revelation. Defence ministry mum on which country made the purchase.
Services' share in India’s GVA increased from 48% to 57% in 8 years without being the primary focus. Imagine what the sector can do if Modi govt sets its eyes on it.
Riding on the IT and telecom boom, India’s service exports have nearly doubled in a decade. It’s a bright spot amid huge trade deficit for merchandise exports.
RoDTEP gives refunds to exporters on embedded taxes & duties. But, Indian Steel Association says govt's move doesn't cover sector, which remains weighed down by 4-12% of levies.
While the country of export has not been specified, it is to note that Saudi Arabia recently carried out trials of Bharat 52, a 155 mm, 52 calibre towed howitzer, made by the company.
BJP’s fate in the second phase of 2024 Lok Sabha election will be decided in Karnataka, Rajasthan, and Maharashtra, where it performed very well in 2019 but faces a stiff competition now.
The private lender's shares tumbled to be top Nifty 50 loser after India's central bank barred it from taking on new customers through online and mobile banking channels.
Another addition to military cooperation has been the Strategic Space Dialogue, inaugurated in Paris in 2023. Last month, India participated as an observer to France’s AsterX.
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