In exchange for tariff reduction, EFTA countries will increase foreign investments in India
Modi has asked Indian ministries to set annual goals for the next five years that will fit into a 100-day action plan as he chalks out a strategy to fuel further growth in Asia's third-largest economy
Top names in polity, economy, diplomacy, business, startups, agri, luxury & sustainability made BS Manthan a star-studded show
Speaking about free-trade agreements (FTAs), he said India was in dialogue with the European Union (EU), the United Kingdom (UK), Peru, Chile, and some countries in the Gulf Cooperation Council (GCC)
The resolution of all the disputes is not only a sign of strengthening economic ties between both nations, but also showcases India's new approach to trade issues
The resolution of all the disputes is not only a sign of strengthening economic ties between both nations, but also showcases India's new approach to trade issues
The EFTA's market access offer covers 100 per cent of non-agricultural products and tariff concessions on processed agricultural products
ECI is set to announce the schedule for the 2024 Lok Sabha election on Saturday
The FTA text says the opening of branches by foreign banks in branch or wholly-owned subsidiary (WOS) mode shall also be subject to the requirements
Sharing on social media 'X', Randhir Jaiswal stressed that Benediktsson's visit will further strengthen India-Iceland ties, including in trade and investment
Sources said the UK is "proud" of all that has been achieved so far and that the Prime Minister Rishi Sunak-led government remains committed to securing a "comprehensive and ambitious" FTA and BIT
The sustained contraction in investment inflows comes against the backdrop of uncertainties and challenges in the global economy
This trade mission builds on US Secretary of Commerce Gina Raimondo's March 2023 trip to India to co-lead the US-India Commercial Dialogue
The proposal was a major ask by the EU
Issues like subsidies, public stockholding for food security persist
Basic functioning must be repaired
In Feb, country regains market share in diesel shipments, India's most-valued export to Europe, putting a check on US expansion
Successful conclusion of India's proposed trade agreements with the UK, Oman and four European nation bloc EFTA will reflect its commitment to trade liberalisation and economic integration at a time when the whole world is turning protectionist, according to a report. Economic think tank Global Trade Research Initiative (GTRI) said the free trade agreements (FTAs) have become pivotal instruments for India's economic expansion and integration into the world market. These nations and the bloc are eager to finalize these agreements before the upcoming general elections, GTRI said, adding the talks are on the verge of conclusion. Signing of these three agreements will take India's FTA tally from 13 to 16. Number of countries with comprehensive FTAs will go up from 22 to 28. In addition India has six small scope PTAs (preferential trade agreements). Last pact was signed with Australia in March 2022. "Everyone wants to do an FTA with India. The main reason for this is India's high impo
India has found support from a group of developing nations at the WTO, including Africa on this issue. However, developed countries view this as a subsidy for farmers and as a distortion to trade
Indian sovereign bonds have gained prominence after JPMorgan Chase & Co.'s move to add them to its global debt indexes from June