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 forex kitty falls $2.6 billion to $682 billion as of November 1
Moody’s Ratings predicts that a second Trump presidency could shift trade and investment away from China, potentially benefiting India and ASEAN countries. While this shift might dampen regional growth in Asia, it could make Europe a more attractive investment destination due to its relative stability. However, reduced US support for Ukraine and NATO could increase […]
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 […]
India is exploring Brazil as a major source for black gram and pigeon pea imports to meet domestic demand. Brazil’s urad bean exports to India have already surged. This strategic partnership leverages contrasting cropping seasons, enabling countries like Brazil and Australia to tailor production to India’s needs, as demonstrated by increased chickpea imports from Australia.
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
1 year 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 […]
US Elections: Donald Trump’s return as US President brings potential benefits and challenges for India. India may see stronger strategic ties with the US against China. Trade issues and reduced cooperation in technology and defense are possible concerns. Trump’s stance on immigration could also impact Indian workers seeking opportunities in the US.
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.