U.S.-India Bilateral Trade Projected to Grow to $238 billion by 2025, says Trade Report

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U.S.-India Bilateral Trade Projected to Grow to $238 billion by 2025, says Trade Report

The US-India Strategic Partnership Forum (USISPF) estimates that U.S.-India bilateral trade is likely to grow from $143 billion to $238 billion by 2025. This growth will occur if trade grows by 7.5% each year, as has been the trend for the last 7 years. The estimate also projects that, by 2025, bilateral trade could range […]

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CII identifies 31 items with high export potential

In a study on ways to boost merchandise exports,  the Confederation of Indian Industry (CII) has identified 31 items with high potential for exports such as women’s apparel, drugs, cyclic hydrocarbons and furniture. A targeted export strategy that identifies and boosts the right products is imperative for achieving double-digit export growth. An export strategy assumes […]

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RBI governor Shaktikanta Das sees positives for India economy

Reserve Bank of India Governor Shaktikanta Das gave his first interview with media since taking office in December. Here’s an edited transcript of the topics he covered in the more than 50 minute interview. On the economic slowdown and the RBI’s response: ‘The accommodative stance will depend on incoming data. How inflation numbers look how […]

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India sews coalition of 9 nations to push development at WTO

India has formed a coalition of nine countries to place special provisions for developing countries and high farm subsidies in advanced nations that harm African states at the forefront of global trade talks. Stating that special and differential treatment (S&DT) is a non-negotiable right for all developing countries, the grouping said all members, no matter […]

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China promises greater market access to India if it improves RCEP offer

China has dangled a carrot before India to make it improve its market liberalisation offer under the Regional Comprehensive Economic Partnership (RCEP) pact by offering to open its own market even more, but New Delhi is cautious. In the one-on-one talks between the two countries, that are part of the 16-member proposed regional bloc, China […]

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Trade point planned at India-China LAC

The Indian Army has approved the opening of a new trading point with China at Dumchelle in Ladakh, the third such along India’s disputed, albeit peaceful 3,488-km border with China in a confidence building measure ahead of Chinese President Xi Jinping’s October visit. Although the Indian Army’s spokesperson did not respond to queries, three officials […]

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Manipur airlifted 150 MT of organic pineapples across the country in 2018: CM

Manipur Chief Minister N Biren Singh said that around 150 metric tonnes of organic pineapples were airlifted to Delhi and other cities last year. He said this was achieved even as organic Manipur pineapple is being consigned to marketing platforms such as Big Basket and NE Agro Products for sale in major cities of the […]

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Govt approves Rs 206.8 cr for Implementation of Agriculture Export Policy scheme

The government has approved an outlay of Rs 206.8 crore for 2019-19 for a central sector scheme titled ‘Implementation of Agriculture Export Policy’ aimed at doubling farmers’ income by 2022. The Central Government has approved a Central Sector Scheme titled ‘Implementation of Agriculture Export Policy’, the government said in a notification. Of this, Rs 134.50 […]

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India allows 1,239 tonnes raw sugar export to US

The government Wednesday permitted export of 1,239 tonnes raw sugar under its tariff-rate quota (TRQ) to the US, which enables shipments to enjoy relatively low tariff. TRQ is a quota for a volume of exports that enter the US at relatively low tariffs. After the quota is reached, a higher tariff applies on additional imports. […]

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India, UAE trade to expand on initiatives like e2e: DP World

Global trade enabler DP World said Wednesday that it has launched initiatives such as end-to-end trade solutions, which may boost trade and investment between India and the UAE. India is one of the UAE’s largest trade partners with bilateral trade amounting to over USD 60 billion and annual growth topping 11 per cent. The trade […]

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