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India and New Zealand struck a free trade agreement (FTA) on Monday, marking the end of negotiations that began back in March this year. The agreement was unveiled after a telephone conversation between PM Modi and New Zealand’s PM, Christopher Luxon. During the call, the two leaders described the India–New Zealand Free Trade Agreement as…
India’s exports to the US bounced back in November. The rebound was largely supported by supply-chain adjustments and pre-holiday season inventory restocking, according to the Global Trade Research Initiative (GTRI).The stocks grew by by 22.61% to reach $6.98 billion, according to commerce ministry data. This recovery came despite the US imposing 50 per cent tariffs…
India-Oman CEPA to boost trade, MSME exports, energy security: Bank of Baroda economist New Delhi [India], December 21 (ANI): India has taken another significant step towards deepening its integration with global supply chains by signing a Comprehensive Economic Partnership Agreement (CEPA) with Oman, a move expected to expand bilateral trade, strengthen MSME-led exports and enhance…
According to GTRI, India’s trade relationship with China has entered a phase of sharp contrasts. (AI image) India’s exports to China surged 90% in November to hit $2.2 billion! However, the remarkable year-on-year spike masks the truth of how volatile India’s exports to China are, and the growing dependence on the neighbouring country for imports,…
China could receive the first shipments of Nvidia’s second-most powerful AI chips, signalling a shift in America’s long-standing restrictions on exports to Beijing.The US government has began a formal licensing process that could pave the way for chip gaint’s Beijing entry, Reuters reported, citing five people familiar with the matter. This comes after US President…
India and Oman signed a trade deal, expanding the country’s strategic and economic relations in the Persian Gulf, and helping exporters at a time when they are facing headwinds in several parts of the world.The Comprehensive Economic Partnership Agreement (CEPA), the second in West Asia after the one with UAE a few years ago, will…
Representative image (AI-generated) NEW DELHI: Defence production in India increased more than three times over the last 10 years, reaching an all-time high of Rs 1.54 lakh crore in 2024-25, up from Rs 46,429 crore in 2014-15, Union Minister of State for power Shripad Yesso Naik said on Thursday.Talking about India’s “aatmanirbharata” (self-reliance) in the…
India’s goods exports are expected to contract by around 1 per cent in FY26, compared to a marginal growth registered last year, according to a report by CareEdge Ratings.The report highlighted that while goods exports have weakened in recent months, services exports have continued to remain healthy and resilient, but they have also slowed down.It…
TL;DR: Driving the newsChina’s economic engine sputtered hard in November, with retail sales rising just 1.3% – the weakest since December 2022, when “zero-Covid” ended – and industrial production slowing to 4.8%, a 15-month low.Meanwhile, fixed-asset investment dropped 2.6%, the worst performance in decades, and property investment plunged nearly 16%. Even the usually robust auto…
The trade deficit reduced to $24.6 billion, reaching its lowest point since June, as imports declined by 2% to $62.7 billion. (AI image) Defying pressure from Donald Trump’s 50% tariffs, India’s exports rose in November and the trade deficit shrunk to a five-month low. Exports moved up to $38.1 billion in November – an increase…
