Economy

However, since the crisis has impacted competitors as well, India’s export performance would still largely depend on demand from key markets. The Red Sea crisis has added up to 20.

While industry bodies have sought extension of the one-time tax relief to new units to be incorporated for another three years, the government might opt to keep the facility open.

The bilateral trade between India and the UK increased to USD 20.36 billion in 2022-23 from USD 17.5 billion in 2021-22. India is working on a treaty with the UK.

The first advance estimates pegs India’s real GDP growth at 7.3% in FY24. However, the second half growth projections do raise some points of concern, especially worries about sluggish growth.

Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports. India has imposed anti-dumping duties on three Chinese products — wheel.

India, with a GDP of roughly USD 3.4 trillion, is currently the fifth largest economy in the world, after the US, China, Japan and Germany. India will become the third.

At the 14th meeting of the India US Trade Policy Forum (TPF) co-chaired by Commerce and Industry Minister Piyush Goyal and US Trade Representative Katherine Tai. After bilaterally resolving many.

Lately, with the ease of doing business, improvement in logistics chains, and contribution of domestic players, rationalisation of tariffs, the industry expects mobile phone exports to jump to $50 billion.

With the union government all set to present the interim Budget for the fiscal year 2024-25 on February 1, 2024, tax payers are expecting announcements like concessional corporate tax rate.

To review rice supply situation in the country, food minister Piyush Goyal will hold a meeting of stakeholders – processors, exporters and traders — on January 15. As the retail.