Ajit Ranade: India should reinforce its strengths on the external economic front
6 months ago

Ajit Ranade: India should reinforce its strengths on the external economic front

Live Mint  

Trade openness is measured as the ratio of trade to GDP. It shows a decisive turn-away from the earlier export pessimism and trade scepticism, and India’s acceptance of trade as an enabler of economic growth. The latter two’s high dependence on foreign trade also implies high vulnerability to global business cycles and recessionary winds. For example, India has a bilateral with Thailand, but also a relationship based on India’s ASEAN free trade agreement. India’s foreign exchange reserves of $650 billion did not accumulate on the back of a trade surplus, but the confidence of foreigners pouring in investments.

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India could benefit from re-orientation of global supply chain away from China after Trump victory: Report
Trending News
1 month, 2 weeks ago

India could benefit from re-orientation of global supply chain away from China after Trump victory: Report

Op India  

After the victory of the Donald Trump in the US Presidential elections, India could benefit from any re-orientation of the global supply chain away from China says a report from Care Edge As per the report, Trump has proposed imposing high tariffs on imports from China, which could lead to changes in global trade dynamics, creating opportunities for India. It …

India could benefit from re-orientation of global supply chain away from China after Trump's victory
Trending News
1 month, 2 weeks ago

India could benefit from re-orientation of global supply chain away from China after Trump's victory

Op India  

After the victory of the Donald Trump in the US Presidential elections, India could benefit from any re-orientation of the global supply chain away from China says a report from Care Edge. As per report, Trump has proposed imposing high tariffs on imports from China, which could lead to changes in global trade dynamics, creating opportunities for India. It said …

India's Economic Potential Soars as Global Landscape Shifts
Trending News
2 months ago

India's Economic Potential Soars as Global Landscape Shifts

The Hindu  

India is well positioned to capitalize on new growth opportunities due to its robust macroeconomic fundamentals and strategic shift towards strategic economic partnerships. The country's focus on domestic capacity building and resilience against external shocks will be key to its success. Ms. Sitharaman emphasized India's potential to become a key partner for many countries seeking to diversify their sources of …

Investments in India can rarely go wrong: Piyush Goyal
1 year ago

Investments in India can rarely go wrong: Piyush Goyal

The Hindu  

Commerce and Industry Minister Piyush Goyal on Wednesday urged international investors to include India into their global value chains, offering them a guarantee of fair competition, transparency and equal treatment. Speaking at the World Investment Conference hosted by the World Association of Investment Promotion Agencies, Mr. Goyal said the government’s effort is to widen market access for Indian and global …

How India is diversifying its economic partnerships to reduce a $60 billion trade deficit with China
1 year, 2 months ago

How India is diversifying its economic partnerships to reduce a $60 billion trade deficit with China

Firstpost  

By diversifying economic partnerships and fostering ties with like-minded nations, India aims to establish itself as a linchpin of stability and growth, contributing to a more balanced and multipolar world order India’s strategic pivot towards forging stronger economic alliances with nations like Korea, Japan, Europe, and the United States is emblematic of its response to evolving geopolitical dynamics. This shift …

Trade tumult: The Hindu Editorial on shrinking exports
2 years, 1 month ago

Trade tumult: The Hindu Editorial on shrinking exports

The Hindu  

For the first time since February 2021, India’s goods exports shrank this October, dropping 16.7% from last year to slip below $30 billion after a 20-month-streak above that mark. While the Government acknowledged forecasts of a slump in global shipments growth to just 1% in 2023, it attributed the October trade blip to a seasonal Deepavali effect — production dips …

How to make in India–and protect economy from supply shocks
2 years, 3 months ago

How to make in India–and protect economy from supply shocks

Live Mint  

NEW DELHI : With the global decline in commodity prices in the last few weeks, domestic inflation rates have begun to ease as well. As the authors of a recent Reserve Bank of India paper note: “The covid-19 pandemic has delivered the biggest and broadest shock to global value chains in living memory, putting at risk trade in intermediate goods …

India must be the new champion of globalisation
2 years, 5 months ago

India must be the new champion of globalisation

Live Mint  

As countries chalk out paths of post- pandemic recovery, the complex task of opening up cross-border markets for the movement of people, goods, services and capital flows, and getting back to pre-pandemic levels of international trade, will play an important role in a broad economic revival to complement and reinforce domestic recoveries. As a large and fast-growing Asian economy with …

India’s mask of economic liberalism is off
4 years, 1 month ago

India’s mask of economic liberalism is off

The Hindu  

India’s External Affairs Minister S. Jaishankar recently disapproved of free trade and globalisation. Third, in blaming FTAs for the woes of India’s manufacturing, the External Affairs Minister is contradicting his own government’s economic survey presented earlier this year, which concluded that India has benefitted overall from FTAs signed so far. Fourth, the External Affairs Minister, following the finest traditions of …

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