Economic Relations

Russia and India are working on increasing bilateral trade volumes, Kremlin spokesman Dmitry Peskov said on Wednesday, as the two countries pursue a trade target of USD 100 billion by 2030 from USD 60 billion now. Peskov, who attended the 12th Primakov Readings international academic and expert forum, also said that Russia and India share a notably privileged partnership. He said that Russia and India are working to expand trade and economic relations. "We are pleased to note that this volume is showing a steady uptrend. We will keep working along these lines." During President Vladimir Putin's visit to India in December last year, the two countries set the bilateral trade target of USD 100 billion by 2030. "India is the world's most populous country, one of the fastest-growing economies, and a nation brimming with potential across all sectors," Peskov was quoted as saying by the state-run TASS news agency. "Our relationship is further reinforced by our joint participation in vari

Japan now has a fully open capital account and a largely floating exchange rate, which absorbs external shocks

India and the US have resumed virtual talks on a bilateral trade deal after the holiday break, with both sides signalling commitment but no timeline yet for in-person negotiations

The NITI Aayog's proposal for Chinese companies to acquire stakes of up to 24 per cent would also balance investor interests with misgivings in Indian policy

With the end of the 90-day pause on the imposition of the so-called reciprocal tariffs and the US sending letters, a few things are now clear

Several MoUs were signed between Indian and Cypriot businesses, including between the National Stock Exchange (NSE) and the Cyprus Stock Exchange

The two countries also will soon restart negotiations on a more expansive trade deal known as the Economic and Technological Cooperation Agreement

India and Sri Lanka on Friday adopted an ambitious vision document to significantly expand economic partnership after wide-ranging talks between Prime Minister Narendra Modi and Sri Lankan President Ranil Wickremesinghe. In his media statement, Modi, referring to the economic difficulties in Sri Lanka last year, said India stood "shoulder-to-shoulder" with the people of the island nation during the crisis as a close friend. The prime minister said firming up of an agreement for launch of the UPI payment system in Sri Lanka will result in fintech connectivity between the two sides. The past one year has been full of challenges for the people of Sri Lanka, he said, adding that being a close friend, as always, India stands shoulder-to-shoulder with the people of Sri Lanka. In his comments, Modi said the security interests and development of India and Sri Lanka are intertwined and it is necessary to work together keeping in mind each other's security interests and sensitivities. Modi

Many Indian companies and service providers have been catering to the USA market from Canada

There is a need to go beyond the usual buyer-seller meets and get more aggressive towards their ways to sell products in the Australian market, people aware of the matter told Business Standard

Both nations prepare for New Year roll-out; DTAA with New Delhi amended, too

Prime Minister Narendra Modi has set a very ambitious desire to get the India-UK Free Trade Agreement signed by Diwali and his new British counterpart Liz Truss wants her administration to "match the pace and ambition" of the Indian leader, UK Foreign Secretary James Cleverly has said. Cleverly also said that the bilateral relationship between India and UK is longstanding and wide-ranging, which is both a "huge plus" but it also means that "quite understandably there is a desire to have a very, very wide-ranging, meaningful free trade agreement." "Obviously, Prime Minister Modi has set a very ambitious desire to get a free trade agreement signed by Diwali. Now that means that both us and Indian negotiators are going to have to work very, very hard but we are very willing to do so," Cleverly told PTI in an interview here Wednesday on the margins of the high-level UN General Assembly session. "We want to make sure that the deal that we do, ideally by Diwali, is the first step in a ...

Israel and Turkey want to fully resume diplomatic relations, leaders from both countries said on in a historic step that followed a visit by the Israeli Prime Minister to Turkey

Green finance could become a bright and robust strand of the growing India-US economic relations in the next 25 years, India's envoy said

This has been a "momentous year" for India-US trade and economic relations, New Delhi's top diplomat here said Thursday

India and Bangladesh are expected to sign an economic partnership agreement over the next five years which will preserve trade rights for Bangladesh

Prime Minister Narendra Modi on Thursday pitched for strengthening of cooperation in a range of areas like financial and digital technologies.

"It is multi-faceted and extensive but the potential is bigger," Bhattacharya said in his keynote address to FICCI on India''s engagement with the Arab world

India has lagged far behind China in developing economic relations with the ten-nation trading bloc