First ever trade pact with a Gulf nation aims for $100 billion two-way trade by 2027. Both nations agree to expand maritime cooperation, vow commitment against terrorism.
EU & India have been planning a free trade deal since 2007. Now, as PM Modi virtually meets EU leaders, high-level trade dialogue expected to be announced.
In India, only 17% of public sector banks and 25% of private sector banks claimed to have an internal strategy for integrating climate risks into their risk management framework.
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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