India failed to create positive impression among businesses moving away from China, says House panel report
1 year, 8 months ago

India failed to create positive impression among businesses moving away from China, says House panel report

The Hindu  

Despite resources, India has not been able to create a positive impression among businesses moving away from China, a parliamentary panel on commerce has said in its report tabled in the Rajya Sabha on Friday. The report stated that India has not been able to take advantage of the “China Plus One Strategy,” through which multinationals shifted manufacturing and production away from China. Factors such as cheap labour, lower corporate Income Tax, proactiveness in signing Free Trade Agreements, conducive business environment, etc, are providing additional advantage to these countries along with their geographical positioning advantage,” the report said. It also asked the government to pursue Free or Preferential Trade Agreements with countries that seek to invest in India under the ‘China Plus One Strategy’.

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History of this topic

India should not shy away from Chinese investment: Arvind Panagariya explains why
1 week, 4 days ago

India should not shy away from Chinese investment: Arvind Panagariya explains why

Live Mint  

India should remain open to investments from China like other developed countries like the United States and Germany, with an expectation from a handful of sectors, reported the news agency PTI on Thursday, December 12. The activities from which you want to exclude are relatively few because I don't see other countries restricting Chinese investment in large number of sectors,” …

India should have balanced approach to trade with China, says Jaishankar
2 weeks, 4 days ago

India should have balanced approach to trade with China, says Jaishankar

Hindustan Times  

NEW DELHI: India should adopt a balanced approach to business with China due to the troubled political relationship over the past four years and the need to avoid becoming overly dependent on a single supply chain, external affairs minister S. Jaishankar said on Thursday at an event organised by the Associated Chambers of Commerce & Industry of India. Jaishankar cautioned …

China+1 plan: India’s limited gain
2 weeks, 5 days ago

China+1 plan: India’s limited gain

New Indian Express  

NEW DELHI: Government think tank Niti Aayog has admitted that ‘India has seen limited success so far in capturing the China Plus One strategy. It attributes factors like cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing free trade agreements have played a key role in helping these countries expand their share of exports. The US has raised …

India achieves limited success in capturing ’China Plus One strategy’ so far: Niti Aayog report
2 weeks, 5 days ago

India achieves limited success in capturing ’China Plus One strategy’ so far: Niti Aayog report

Live Mint  

New Delhi, Dec 4 India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. "However, India has seen limited success so far in capturing the China Plus One strategy so far," said the report - 'Trade …

India has seen limited success so far in capturing China Plus One strategy: NITI Aayog Report
2 weeks, 5 days ago

India has seen limited success so far in capturing China Plus One strategy: NITI Aayog Report

Live Mint  

New Delhi, December 4 : India has had limited success in capitalizing on the opportunities presented by the China Plus One strategy, according to a report by NITI Aayog. While the global trade landscape in 2024 has been significantly influenced by geopolitical developments, the NITI Aayog report noted that India has faced challenges in emerging as a preferred alternative to …

India-China trade: An alarming $18 billion discrepancy
3 weeks, 5 days ago

India-China trade: An alarming $18 billion discrepancy

Live Mint  

India-China trade data for 2023 reveals a widening discrepancy, with India's reported imports from China falling significantly short of China's export figures, raising concerns over potential anomalies such as under-invoicing, misclassification, and inconsistent reporting practices. In 2023, India's merchandise imports from China stood at $99.59 billion, which was 18.2% lower than the $117.68 billion worth of exports reported by China, …

Trump’s policies may open new doors for India’s defence sector: Report
Trending News
4 weeks ago

Trump’s policies may open new doors for India’s defence sector: Report

Live Mint  

New Delhi, November 25 : The "America First" trade policy promoted by upcoming U.S. President Donald Trump has far-reaching implications for global trade and geopolitics. It said "Indian businesses in sectors such as pharmaceuticals and defense might also find new opportunities, especially if U.S.- India collaboration strengthens. The report said "increased tariffs might prompt retaliatory measures from trade partners, potentially …

India-UK trade talks to focus on key tariff barriers and emerging sectors
1 month ago

India-UK trade talks to focus on key tariff barriers and emerging sectors

Live Mint  

The India-UK free trade agreement talks that are set to resume in early 2025 will focus on a range of critical areas including market access, regulatory frameworks, and tariff barriers. A successful FTA would facilitate increased trade across sectors like technology, agriculture, and manufacturing, while also deepening diplomatic ties, said Abhash Kumar, assistant professor of economics at Delhi University. India …

Will US-India thrive under Trump amid 'China factor'? Fareed Zakaria explains
1 month ago

Will US-India thrive under Trump amid 'China factor'? Fareed Zakaria explains

India Today  

Veteran journalist and geopolitical expert Fareed Zakaria on Monday expressed optimism about the trajectory of US-India relations under Donald Trump's regime and believed it to be a "golden opportunity" for India to end China's monopoly in manufacturing. Speaking to India Today TV's News Director Rahul Kanwal, Zakaria highlighted Trump's admiration for Prime Minister Narendra Modi and predicted continued strengthening of …

India should reconsider its rejection of the RCEP trade bloc
1 month, 1 week ago

India should reconsider its rejection of the RCEP trade bloc

Live Mint  

Five years ago, on a November morning in Bangkok, just on the verge of signing the Regional Comprehensive Economic Partnership agreement, India abruptly walked out of it. India’s RCEP participation should be based on a broad set of metrics—not merely the trade deficit, but also investment inflows, employment creation and participation in new regional value chains. A 2022 assessment by …

India poised to gain from Trump’s potential tariff hike on China, says report
1 month, 2 weeks ago

India poised to gain from Trump’s potential tariff hike on China, says report

Live Mint  

Following Donald Trump's victory in the U.S. presidential elections, a report from CareEdge suggests that India could benefit from potential shifts in global trade dynamics if Trump moves forward with plans to impose high tariffs on Chinese imports. Such policies aim to reduce the U.S. dependence on Chinese imports, a move that could disrupt established trade channels and prompt companies …

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 …

Swiss Investment Giant Sees Big Potential in India as Trade Deal Gets Final Approval
1 month, 3 weeks ago

Swiss Investment Giant Sees Big Potential in India as Trade Deal Gets Final Approval

Firstpost  

Swiss company TEPA has signed a deal with the European Free Trade Association (EFTA) to invest $100 billion in India. The deal will reduce tariffs on 94.7 per cent of exports to zero from an average of 22 per cent now, giving Swiss companies an edge over counterparts in the European Union and Britain, which are still negotiating agreements with …

India-China Border Deal: A Long-Overdue Resolution
2 months ago

India-China Border Deal: A Long-Overdue Resolution

News 18  

Prime Minister Narendra Modi and Chinese Premier Xi Jinping will hold first bilateral talks in five years on Wednesday on the sidelines of the 16th BRICS Summit in Russia. Both countries reached an agreement to resume border patrolling operations along LAC following the disengagement process along the disputed areas.

World Bank Calls for Tariff Reduction and Ease of FDI in India to Unlock Growth Potential
2 months, 1 week ago

World Bank Calls for Tariff Reduction and Ease of FDI in India to Unlock Growth Potential

Live Mint  

World Bank economist Franziska Ohnsorge urges India to reduce tariffs and ease foreign direct investment restrictions to unlock its full potential. She highlights India's small market share but emphasizes that it can still capitalize on opportunities due to its proximity to global supply chains. The World Bank expects South Asia to remain the fastest growing among emerging market and developing …

How India can fix the Chinese imports problem
2 months, 3 weeks ago

How India can fix the Chinese imports problem

Live Mint  

India last month extended countervailing duties of 12-30% on certain steel imports from China and Vietnam, following requests from local producers to safeguard against cheaper imports. Read this | Mint Primer | China’s stimulus: What it spells for India & the world A growing economy like India’s naturally requires more imports to meet rising consumption and manufacturing demand, with cost …

Weighing in on business as usual with China
3 months ago

Weighing in on business as usual with China

The Hindu  

Recent media pieces have speculated on whether India’s fraught relations with China are headed towards a relative thaw and suggestions are being put forward for a more liberal attitude towards foreign direct investment from that country. The economic commentary Despite this national security situation, the Economic Survey 2024 has favoured India plugging itself into China’s supply chains through Chinese investments …

Is India ready to welcome Chinese capital again?
4 months, 2 weeks ago

Is India ready to welcome Chinese capital again?

New Indian Express  

The Economic Survey for 2023-24 sprang a surprise by making a strong pitch for Chinese investments in India, indicating a turn from the government’s anti-China stance of the past four years during which relations hit a new low. Though the Survey’s views are attributed to the chief economic advisor, the finance minister subsequently lent support, signalling a clear policy shift. …

China aims to expand FTAs
4 months, 3 weeks ago

China aims to expand FTAs

China Daily  

Containerships seen at the port of Haikou, Hainan province. SU BIKUN/FOR CHINA DAILY China is poised to expand its high-standard free trade zone network, with a focus on accelerating its accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and advancing negotiations with multiple countries, the Ministry of Commerce said on Friday. Building on the foundation of previous exchanges …

India has much to do to woo Chinese firms: China Daily editorial
4 months, 3 weeks ago

India has much to do to woo Chinese firms: China Daily editorial

China Daily  

Although the latest call from some Indian finance and industry officials to ease governmental restrictions on Chinese investment in India is a welcome sign, those Indian policymakers still hesitant to adopt that suggestion, citing an overreliance on China, need to know that even if New Delhi reopens its door to Chinese companies, India might not be able to recover the …

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal
4 months, 3 weeks ago

India 'not rethinking' on issue of allowing Chinese investment as suggested by Economic survey: Piyush Goyal

India TV News  

New Delhii: Commerce and Industry Minister Piyush Goyal said on Tuesday that there is no rethinking in the government to support foreign direct investments from China, as was pitched by the Economic Survey recently. India faces two choices to benefit from the 'China plus one strategy' -- it can integrate into China's supply chain or promote FDI from China. China …

Why is India not willing to encourage Chinese investment? Know here
4 months, 3 weeks ago

Why is India not willing to encourage Chinese investment? Know here

India TV News  

Union Minister Piyush Goyal on Tuesday said that there India is not rethinking to support foreign direct investments from China as was projected by the Economic Survey tabled in the Lok Sabha before the presentation of Union Budget 2024-25. India faces two choices to benefit from the 'China plus one strategy' -- it can integrate into China's supply chain or …

‘India may gain more from Chinese FDI than import reliance in tapping China plus one strategy’
5 months ago

‘India may gain more from Chinese FDI than import reliance in tapping China plus one strategy’

The Hindu  

Chief Economic Advisor V. Anantha Nageswaran has suggested that India may stand to gain more by “replacing some well-chosen imports with investments from China” thus helping both boost Indian manufacturing and plugging India into the global supply chain as it looks to tap advanced economies’ push to diversify beyond China through a China plus one sourcing approach. Writing in a …

Up 2.3 times in 15 years, India’s Chinese import bill to rise further
7 months, 3 weeks ago

Up 2.3 times in 15 years, India’s Chinese import bill to rise further

The Hindu  

India’s imports from China crossed $101 billion in 2023-24 from about $70 billion in 2018-19, and the country’s share of India’s industrial goods imports has risen from 21% to 30% over 15 years, according to a report by the Global Trade Research Initiative which reckoned that Chinese imports will rise sharply in coming years. Goods imports from China have risen …

Will EFTA show the way for other FTAs?
9 months ago

Will EFTA show the way for other FTAs?

Hindustan Times  

Earlier this month, India and the European Free Trade Association — comprising Switzerland, Norway, Iceland, and Liechtenstein — inked a new-generation trade agreement, the Trade and Economic Partnership Agreement. At first look, India’s agreement with the EFTA does not seem attractive given the low levels of trade and investment between the two. With India’s fast-growing export sectors, namely, electronic goods …

Watch | Trade diplomacy | What’s the status of India’s Free Trade Agreements?
9 months, 1 week ago

Watch | Trade diplomacy | What’s the status of India’s Free Trade Agreements?

The Hindu  

March 15, 2024 08:53 pm | Updated 09:18 pm IST As India signs a Free Trade Agreement with 4 European Nations, is there hope for other negotiations- from the UK and EU to Oman, Gulf and Eurasian countries? Let’s start with this week’s developments, and a flurry of activities around India’s Free Trade Agreement negotiations just ahead of elections being …

High on intent and investment
9 months, 1 week ago

High on intent and investment

Hindustan Times  

India’s trade agreement with the European Free Trade Association — comprising Iceland, Liechtenstein, Norway and Switzerland — may not reflect the country’s true level of ambition on trade deals, but it has considerable signalling value. For starters, the trade deal ties non-sovereign fund investment of $100 billion by the EFTA nations to tariff concessions being granted to a chunk of …

India signs free trade pact with 4 European countries
9 months, 1 week ago

India signs free trade pact with 4 European countries

The Hindu  

India signed a free trade agreement with four European countries — Iceland, Liechtenstein, Norway, and Switzerland — on Sunday, with a goal of reaching $100 billion in investments in India and one million jobs. According to the TEPA’s Chapter 7 that deals with “Investment Promotion and Cooperation”, the two sides had shared “objectives” to increase foreign direct investment from EFTA …

India's Trade Deals With Oman, UK, EFTA Bloc Reflect Worldwide Economic Integration: GTRI
10 months ago

India's Trade Deals With Oman, UK, EFTA Bloc Reflect Worldwide Economic Integration: GTRI

ABP News  

The successful finalisation of India's proposed trade agreements with the UK, Oman, and the four-nation bloc EFTA in Europe will underscore its dedication to trade liberalisation and economic integration. The report further highlighted that the three agreements with the UK, Oman, and the European Free Trade Association indicate a transition in India's preference for trade alliances from east to west. …

What can India learn from countries like Vietnam to become an export giant?
10 months ago

What can India learn from countries like Vietnam to become an export giant?

The Hindu  

Like with the last episode of Business Matters, this one too was triggered by a headline I saw in an article: “India fears losing out to China in smartphone exports race”. This Reuters piece cited IT Minister of State Rajeev Chandrasekhar’s letter dated January 3 to Finance Minister Nirmala Sitharaman expressing fears that India’s high tariffs could be a deterrent …

India’s rival is Vietnam in the game of attracting global manufacturers
10 months, 1 week ago

India’s rival is Vietnam in the game of attracting global manufacturers

Live Mint  

If India wants to build a robust computer and electronics manufacturing industry, it needs to shift focus, fast. The latest reminder of this urgency came last week with a US appeal for New Delhi to make the business environment easier and more transparent to navigate, or keep losing out on foreign direct investment. Though India is getting a lot of …

India-China bilateral trade hit a new record in 2023: Envoy
10 months, 2 weeks ago

India-China bilateral trade hit a new record in 2023: Envoy

The Hindu  

India and China trade reached record levels in 2023, said the Chinese envoy to India, indicating that bilateral trade had surpassed 2022 figures despite a slowdown mid-year. Speaking at an event in Delhi celebrating the Chinese New Year, the envoy, Charge D’Affaires Ma Jia said that the growth in trade, to US $136.2 billion went along with other areas of …

Why India Isn’t the New China
11 months ago

Why India Isn’t the New China

Live Mint  

China’s economy is struggling, but another Asian giant, neighboring India, is suddenly squarely on investors’ and manufacturers’ radar. India’s age-dependency ratio—a measure of the burden of child and elderly care on households—has fallen to 47 in 2022 from 82 in 1967, according to the World Bank. Only a third of India’s female working-age population was in the labor force in …

Trade push to top agenda of Katherine Tai’s 3-day visit
11 months, 2 weeks ago

Trade push to top agenda of Katherine Tai’s 3-day visit

Hindustan Times  

New Delhi: India and the US will discuss ways to boost bilateral trade during US Trade Representative Katherine Tai’s three-day India visit starting January 12, two officials said. Merchandise trade between the two countries fell by 9% to $79.28 billion in the first eight months The US is concerned about a widening of its trade deficit with India as the …

India looks for new textiles markets abroad as demand wanes in U.S., EU, says Union Secretary
11 months, 2 weeks ago

India looks for new textiles markets abroad as demand wanes in U.S., EU, says Union Secretary

The Hindu  

With demand for textiles exports turning sluggish in Europe and the U.S., India is looking for new markets through free trade agreements with countries such as Australia and the United Arab Emirates, Union Textiles Secretary Rachna Shah said here on Tuesday. Addressing a press conference, she said the Centre is taking steps to address the issues of lack of demand …

FTAs spur China's trade, partners' economies
11 months, 3 weeks ago

FTAs spur China's trade, partners' economies

China Daily  

The expansion of China's free trade agreements with multiple countries will enhance the competitiveness of its products globally and facilitate its companies' entry into more markets this year, said analysts and exporters on Tuesday. With the China-Nicaragua FTA — China's 21st free trade deal with another country — taking effect on Monday, they said multilateral and bilateral FTAs can be …

FTAs spur China's trade, partners' economies
11 months, 3 weeks ago

FTAs spur China's trade, partners' economies

China Daily  

The expansion of China's free trade agreements with multiple countries will enhance the competitiveness of its products globally and facilitate its companies' entry into more markets this year, said analysts and exporters on Tuesday. With the China-Nicaragua FTA — China's 21st free trade deal with another country — taking effect on Monday, they said multilateral and bilateral FTAs can be …

Optimistic on trade agreement ahead of elections: Swiss, Norway Ministers
1 year ago

Optimistic on trade agreement ahead of elections: Swiss, Norway Ministers

The Hindu  

No timeline can be given on the conclusion of talks between India and four Nordic countries of the European Free Trade Association for a Trade and Economic Partnership Agreement, said the Trade Ministers of Switzerland and Norway during a visit to Delhi. Government officials indicated that though the most recent round of talks between trade negotiators from India and the …

India to receive Trade Ministers from Switzerland, Norway for ‘critical talks’ this week
1 year ago

India to receive Trade Ministers from Switzerland, Norway for ‘critical talks’ this week

The Hindu  

As Trade Ministers from Switzerland and Norway visit Delhi this week, officials say they remain optimistic of reaching an agreement on a trade pact with Nordic countries in the next few months, although several outstanding issues remain and Indian trade negotiators are busy trying to close other FTAs with the U.K. and Australia. Talks about TEPA and a Bilateral Investment …

Pharma Star: India Steering Global Supply Chain Away from China - News18
1 year ago

Pharma Star: India Steering Global Supply Chain Away from China - News18

News 18  

India’s pharmaceutical industry is at a pivotal juncture. With its well-established prowess in generic drug manufacturing, it has been called on by the world to build a reliable base for the manufacture of raw materials, which offers an opportunity for India to attract the bulk of the pharmaceutical supply chains away from China. “India has started producing 45 APIs after …

India's trade trajectory: FTAs and beyond
1 year, 1 month ago

India's trade trajectory: FTAs and beyond

Live Mint  

India has been refining its global trade strategy, emphasizing a fresh outlook on Free Trade Agreements. India's readiness to face these emerging challenges will determine how well it can fulfil its ambitions of becoming an export-oriented manufacturing hub Not so long ago, India embarked on a journey to strengthen its trade relations with several nations, forging FTAs that promised mutual …

‘Limited benefit for India in trade deal with UK’
1 year, 2 months ago

‘Limited benefit for India in trade deal with UK’

Live Mint  

The India-UK free trade agreement is expected to yield only limited benefits for India, as many of its exports to the UK already enjoy low or zero tariffs, a new research report has said. “While textiles, apparel, footwear, agricultural products and certain other items stand to benefit from tariff reductions, substantial growth in Indian exports to the UK will ultimately …

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 …

EFTA looking at reduction in trade barriers on pharma, Swiss chocolate, fish in proposed pact with India
1 year, 3 months ago

EFTA looking at reduction in trade barriers on pharma, Swiss chocolate, fish in proposed pact with India

The Hindu  

Four-nation bloc EFTA is looking at significant reduction in trade barriers on sectors such as machine tools, advanced chemicals, pharma, chocolates, Norwegian and Icelandic fish in the proposed free trade agreement with India, a Swiss minister said. Swiss State Secretary for Economic Affairs Helene Budliger Artieda also said that with India, the EFTA grouping is aiming for an ambitious and …

Chinese minister says India free to join RCEP trade bloc
1 year, 3 months ago

Chinese minister says India free to join RCEP trade bloc

Hindustan Times  

India is free to join the Regional Comprehensive Economic Partnership, China's Vice Commerce Minister Wang Shouwen said on Friday in New Delhi, adding that it would boost trade between India and China which is growing "very fast". The RCEP is the world's largest trade bloc backed by China and groups 15 Asia-Pacific economies, including Australia, Japan, New Zealand and 10 …

To reach its economic potential, India must abandon protectionism
1 year, 4 months ago

To reach its economic potential, India must abandon protectionism

Hindustan Times  

It is not hard to see what enthuses the many evangelists for India’s economy. India’s government is convinced that reducing imports is necessary for its security and creating manufacturing jobs, and especially hopes to reduce imports from China. In 2022 value added in manufacturing accounted for 13.3% of India’s GDP, down from 15.6% in 2015 and the lowest since 1967; …

India-ASEAN trade deal ill conceived: Goyal
1 year, 4 months ago

India-ASEAN trade deal ill conceived: Goyal

Live Mint  

India-ASEAN trade deal signed under the UPA era is one of the most ill-conceived deals, commerce minister Piyush Goyal said on Thursday at an industry event. India mostly imports capital goods, raw materials and intermediates from Asean, the tariff concessions under the free trade agreements have also been advantageous to many sectors and adversely impacted domestic companies, especially chemicals and …

India’s H1 trade with China declines amid slowdown
1 year, 5 months ago

India’s H1 trade with China declines amid slowdown

The Hindu  

India’s trade with China declined in the first half of 2023 after more than two years of record growth, part of a broader slump in China’s trade performance that has underlined a sharp slowdown in the world’s second-largest economy Two-way trade reached $66.02 billion in the first half, data from China’s General Administration of Customs showed on Thursday. India’s imports …

India’s Jan.-April imports from China rise 4.6% to $37.86 billion
1 year, 6 months ago

India’s Jan.-April imports from China rise 4.6% to $37.86 billion

The Hindu  

India’s imports of Chinese goods have continued to rise in 2023, growing 4.6% in the first four months of the year to cross $37.86 billion. Two-way trade climbed 4.5% from the year-earlier period to reach $44.34 billion at the end of April, data from China’s General Administration of Customs showed. In the first four months of the year, China’s trade …

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