Trade
India’s exports hit a record $37.3 bn in May
06 Jun 2022
However, merchandise trade deficit of the country zoomed to $23.32 billion for May 2022 and to $43.81 billion for the first two months of the fiscal (April-May 2022-23)
Quad summit sees launch of Indo-Pacific Economic Framework
24 May 2022
“India will work with all of you to build an inclusive and flexible Indo-Pacific Economic Framework,” Prime Minister Narendra Mosi said, even as he emphasised on the three main pillars of resilient supply chains - Trust, Transparency and Timeliness
India set to join US-led Indo-Pacific Economic Forum
23 May 2022
India and the US have reportedly reached an understanding on the IPEF during finance minister Nirmala Sitharaman’s visit to the US last month, and US President Joe Biden will be launching the IPEF at the Quad Summit in Tokyo next week
India’s wheat export ban comes day after APEDA’s stakeholder meet for wheat export promotion
16 May 2022
India begins its FY22 with a $20 billion merchandise trade deficit
16 May 2022
India exported goods valued at $40.19 billion in April 2022 against merchandise imports valued at $60.30 billion during the month
India, Australia sign trade deal to forge closer ties
07 Apr 2022
The deal with India removes tariffs on more than 85 per cent of Australian goods, including sheep meat, wool, copper, coal, alumina, fresh rock lobster, and some critical minerals and non-ferrous metals exported to India while 96 per cent of Indian goods imports would enter Australia duty-free
Modi, Kishida seek to boost economic, cultural ties at India-Japan summit
23 Mar 2022
The two prime ministers expressed satisfaction that the investment target of JPY 3.5 trillion announced in 2014 has been achieved and expressed their shared intention to realise JPY 5 trillion of public and private investment and financing from Japan to India in the next five years
Ukraine crisis to drive fuel costs in India by Rs21-24 per litre
08 Mar 2022
The sharp increase in crude prices has widened the gap between the actual cost and retail prices of petrol and diesel, leading to under-recovery for retailers as every $1 increase in crude price impacts retail rate by 70-80 paise
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