How would you like to see India’s GDP grow at double digit rates? Sure, you would love that. Suppose then that India’s (real) GDP growth soars to 10%. Add to that say 4% inflation, leading to nominal GDP growth of 14%. Fantastic! I wish… Just one catch. In return for this 14% nominal GDP growth, … Read more
On 17th May, Pakistan’s Foreign Minister Ishaq Dar acknowledged that the trade ties with India went south after the Pulwama terrorist attack on 14th February 2019 in which India lost 40 brave soldiers. Following the attack, India took some immediate steps to reduce trade with the hostile neighbour including the imposition of 200% import duty. Firstly, India announced that … Read more
Russia has started using an alternate route to ship goods to India, through Caspian Sea and Iran, bypassing the Mediterranean Sea – Suez Canal route. Russia dispatched a test cargo to India from St. Petersburg via Iran o Saturday, operationalising the International North-South Transport Corridor (INSTC). According to Russia Briefing, Iran’s state-owned shipping firm has announced the … Read more
After five days of arduous discussions at the World Trade Organization (WTO), sources indicate that India made a significant influence, with its point of view expressed in all sectors, and that the country’s interests were not put at risk whatsoever. On June 17, Commerce and Industry Minister Piyush Goyal also stated that India had a fantastic triumph at the … Read more