In address to heads of Indian missions and other trade and commerce stakeholders, Modi cites scrapping of retrospective tax as a sign of consistency in govt policies.
The commerce ministry said that India's imports in June 2021 grew by 96.33% to $41.86 billion from $21.32 billion last year and thus India is currently a net importer.
Exports of sectors such as engineering, gems and jewellery and petroleum products recorded healthy growth rates. During the same period, imports too rose by 98.33% to $19.59 billion.
According to the govt data, exports rose by 69.35% while imports grew by 73.64% to $38.55 billion in May 2021, from $222 billion in the same month a year ago.
Adopting Trade and Sustainable Development committments as part of India-EU FTA could help Indian exporters differentiate from competition such as China.
Exports are expected to rise by over 16% this fiscal. The industry recorded less than 3% growth in 2014-15 and 2017-18. In 2016-17, there was negative growth of 0.59%.
US sanctions on Russia as well as its determination to paint Vladimir Putin as the bad guy is driving Moscow into Beijing’s arms. Make no mistake, this is a willing embrace.
Forget comparing it with classics like Hrithik’s Ek Pal Ka Jeena or the slick title track of Dhoom 2, Janaab-e-Aali does not even come close to Ghungroo.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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