Economy & Trade

India Forges Closer Regional Ties Amidst Growing Influence of China

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On Sunday, Modi became the first foreign head of government to address the Himalayan nation’s parliament since 1990. This comes at a time when the Modi government is striking a careful three-way balance between India’s foreign policy interests in respect to China, the West and its South Asian neighbors.

India Promotes Port Development as Cargo Traffic Increases

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India’s 12 major ports are expected to double their annual cargo handling capacity to 1,600 million tonnes within the next five years, according to Union Shipping Minister Nitin Gadkari.

E-Commerce Heats Up as Amazon, Flipkart Raise Stakes

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After Indian e-commerce giant Flipkart raised US$1 billion in fresh funding on Tuesday, Amazon has announced it will invest a further US$2 billion to boost its India-based operations.

India set to Experience Surge in Low-Cost Smartphone Market

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As handset manufacturers seek to cash in on one of the few emerging markets still transitioning from phones to smartphones, India is experiencing a surge in low-cost smartphone manufacturing.

India Strengthening Economic Ties with Israel

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The Modi government’s decision to remain neutral in the ongoing conflict between Israel and Hamas is being interpreted by some analysts as a clear signal of strengthening Israeli-Indian economic ties.

Modi Champions “Smart Cities” as Path Towards Economic Growth

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Indian Prime Minister Narendra Modi is seeking to revolutionize India’s urban landscape with the construction of 100 “smart cities” – cities with high-tech, interlinking communications capabilities – across the country.

India-New Zealand FTA Talks Back on Schedule

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Negotiations for a free trade agreement between India and New Zealand appear set to resume after an informal meeting between trade ministers last week.

The BRICS New Development Bank: India’s Power Play?

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Intended to facilitate greater financial cooperation between emerging markets, the BRICS bank may become a key component of Modi’s short- and long-term economic agenda in the coming years.

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