Donald Trump has been vocal about India’s high import tariffs and has threatened retaliation. Simultaneously, his tough stand on China could see Chinese goods flood India.
PM Modi has sought to incentivise manufacturing in India through PLI schemes, but the components have come mainly from China, with Indian companies only engaged in assembling.
India’s clothes exports also feature in international news, as do the factors holding the country back. It also looks at govt's Leprosy Mukt Bharat campaign & its ambitious target of 2027.
Despite contraction in exports, India’s merchandise trade deficit improved in 2023-24, owing to steeper drop in imports. However, the trade deficit with China & Russia widened.
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.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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