While India can look for innovative ideas to balance it out, one of the options available may be to persuade China to give it more market access
Prime Minister Narendra Modi, Kiwi PM promise to quickly designate representatives for trade talks
Developing nations, particularly India and China, saw better than average trade expansion in the fourth quarter of 2024, a UN report has said but warned of a potential for an economic slowdown globally in the upcoming quarters. The latest Global Trade Update by UN Trade and Development (UNCTAD), covering data through early March, said that global trade expanded by nearly USD 1.2 trillion in 2024, reaching USD 33 trilliona result of a 9 per cent rise in services trade and a 2 per cent increase in goods trade. Developing nations, particularly China and India, saw better than average trade expansion, while many developed nations experienced trade contractions, it said. It said that China and India saw stronger trade momentum in Q4 2024 while the US remained a key driver. Merchandise trade showed mixed trends among major economies in Q4 2024. China and India trade continued to increase, particularly in exports. Conversely, export growth in South Korea decelerated, although it remaine
This development comes as the US prepares to introduce reciprocal tariffs on countries that impose high levies on American goods
US commerce secy says agri can't be off the table for talks
The tacit reason for QCOs is to prevent substandard goods from China that many worry are flooding Indian markets
On Wednesday, US president Donald Trump reiterated his stance to impose reciprocal tariffs on counties, including India from April 02, 2025, during his address to the Congress
The country should convert the Trump threat to an India opportunity, re-embracing a more liberal trade regime as a way of reviving manufacturing output and exports
While a trade deal between India and US looks natural, given differences in economic structure, India will need to improve quality of its exports failing which US will simply turn to other producers
Experts upbeat as this comes after Trump's comments on India being the 'biggest tariff abuser'
Economics and geopolitics are intertwined, at least in the context of China, and it is in the interests of both the US and India to continue cooperating
Modi's trip to the US on February 12 and 13 comes as Trump plans to announce reciprocal tariffs on many countries, a move aimed at reshaping global trade relationships in favour of United States
Earlier trade used to be in range of $15-18 billion, and was always seen to be used on the defence, aircraft, the air force, with mostly the industries of defence and aeronautics seen to be involved
EFTA representatives will be in the national capital with more than 100 investors
India's latest accommodation came on Saturday, when government unveiled the first-ever overhaul to its tariff regime, which included sweeping cuts to duties on imports from textiles to motorcycles
It would have been better had the government gone in for across-the-board Customs duty rationalisation instead of picking and choosing sectors across the board
The survey noted that India's external debt has remained stable over the past few years
To deal with the challenges, the Survey suggested that India needs to remain competitive and enhance its participation in global supply chains
Economists expect measures to raise disposable incomes and tariff cuts to encourage local manufacturing
Since the IES expired on December 31, the commerce department is seeking approval for a slightly modified version of the scheme to cover at least MSMEs