Economy & Trade

India and Russia in Discussions to Upgrade BIT and Complete EAEU FTA Agreements

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Updates to the existing India-Russia Bilateral Investment Treaty and recommencement of the India-Eurasian Economic Union Free Trade Agreement are all underway in Delhi as the BRICS makes its global trade presence felt.

Apple Official Stores Open in India as Suppliers Scale Up Production Capacity

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As Apple inaugurates official stores in Mumbai and Delhi, key Apple suppliers are scaling up production in India tapping into PLI incentives.

India’s New Foreign Trade Policy 2023 in Effect from April 1: Key Points

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India’s new Foreign Trade Policy 2023 will be a dynamic one with no end-date announced. We discuss the key changes to boost export commerce.

India’s Exports Hit Record High of US$750 Billion Despite Global Recession

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India’s exports reached a historic high of US$750 billion – a phenomenal 35 percent increase from US$500 billion recorded in FY 2020–2021.

India’s New Foreign Trade Policy Expected to be Announced March 31

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India will announce its new Foreign Trade Policy (2023-2028) on March 31, Friday, as its previous policy lapses after multiple extensions.

Strengthening India-Australia Ties After ECTA, PM Anthony Albanese Visit

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Australia’s PM Anthony Albanese’ maiden visit to India opened new business and bilateral investment prospects in the critical minerals, clean energy, and education sectors.

India States Preference for UAE Dirham International Trade Settlements Ahead of US Dollar & Chinese RMB Yuan

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India has asked banks and traders to avoid using Chinese RMB Yuan to pay for Russian imports, three government officials involved in policy making and two banking sources said, because of long-running political differences with its neighbor. India, which has emerged as a top buyer of Russian oil as well as discounted coal, would prefer […]

India’s Per Capita Income for 2022-23 Doubles from 2014-15, but Wealth Unevenly Spread

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India’s per capita income doubled in 2022-23 – when compared to 2014-15, yet citizens are feeling the economic pinch. Here’s why.

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