Former Indian Foreign Secretary expresses optimism about Donald Trump’s second term as US President. The article highlights the strengthening of India-US ties during Trump’s first term, citing advancements in defense cooperation, trade, and the Quad. The author believes that India is well-positioned to navigate a second Trump presidency and further enhance the bilateral partnership.
Trade deal with Trump 2.0: India needs to pick up from where it left
Moody’s predicts India and ASEAN nations will experience economic growth as trade shifts from China under a second Trump administration. The report anticipates increased US investment in these regions. However, the global supply of semiconductors could face disruptions due to potential geopolitical tensions. Trump’s policies are expected to impact fiscal deficits, trade, climate change, and […]
India’s forex reserves decreased by $2.6 billion to $682.1 billion for the week ending November 1, as the Reserve Bank of India likely intervened to support the weakening rupee. The rupee fell slightly against the dollar, closing at 84.07, after hitting a record low during the week. Outflows from Indian stocks and bonds contributed to […]
India’s decision to stay out of the RCEP trade bloc was a smart move, according to think tank GTRI. They argue that joining could have worsened India’s already large trade deficit with China. GTRI points out that other RCEP members have seen their trade deficits with China grow, suggesting that the agreement benefits China more […]
Following Donald Trump’s election as US president, Indian officials are drafting policy briefs on trade and investment. These aim to address potential concerns about India’s trade practices and highlight investment opportunities, particularly in infrastructure and supply chain diversification away from China.
India should join China-backed Asian trade bloc it rejected years back, NITI Aayog CEO says
2 years ago
A top Indian government official urged India to join the RCEP and CPTPP trade blocs to boost manufacturing and exports. He argued that India missed out on opportunities from companies seeking to diversify supply chains beyond China due to high tariffs.
India’s merchandise and service exports are predicted to exceed USD 800 billion this fiscal year, driven by government support and competitive products. Government initiatives like new industrial cities and the production-linked incentive scheme are boosting domestic manufacturing. Despite geopolitical challenges, Indian exporters are securing orders globally, with the government actively mitigating issues like the Red […]
The Indian government is considering granting infrastructure status to the entire shipping sector. This move would provide the industry with access to financial assistance and concessions, boosting the indigenous shipping industry. The finance ministry is currently consulting with banks and financial institutions before a final decision is made.
Following Donald Trump’s election as US President, Indian investors are evaluating the potential effects of his proposed trade policies. While some analysts predict difficulties for Indian exporters, particularly in pharmaceuticals and IT, others believe that sectors like EMS and chemicals could benefit from a ‘China +1’ strategy among US companies.
India’s vegetable oil imports are projected to decrease to 15 million metric tons in the 2024-25 season due to anticipated growth in domestic production fueled by favorable weather conditions. This follows an estimated 16 million tons of imports in the 2023-24 season, down from 16.5 million tons the previous year.