Economy & Trade

Increasing Private Sector Participation Vital for India’s Infrastructure Sector

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With a focus on infrastructure modernization, India has raised the FY 2024-25 budget outlay to INR 11.11 billion. However, to achieve its goal of becoming a US$7 trillion economy by 2030, greater private sector participation in the infrastructure sector will be essential.

Ongoing Red Sea Crisis Compels Global Shipping to Find New Routes

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Amidst indiscriminate attacks by Houthi rebels on the Red Sea, we discuss how a new land corridor in the Middle East is being used to transport cargo and assess its long-term viability.

India-EFTA Close to Finalizing a Free Trade Agreement

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Reports have emerged that India and the European Free Trade Association (EFTA) have come to an understanding regarding the Trade and Economic Partnership Agreement (TEPA), which has been under discussion since 2008.

India Cuts Import Duty on Mobile Phone Components from 15% to 10%

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In a bid to expand local mobile phone manufacturing, India has lowered import duty on mobile phone components from 15 percent to 10 percent. The move will benefit companies like Apple and Xiaomi and potentially result in a 3-5 percent price drop, benefiting end customers.

Ahead of Interim Budget and in an Election Year, India’s Chief Economic Advisor Releases a State of the Economy Report

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The report is not an annual economy survey, but a state of the Indian economy report released in an election year. The timing makes it political statement and affirming the progress made by the incumbent Modi government.

How Tamil Nadu’s Footwear Industry is Competing with Southeast Asian Markets

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The footwear industry in the South Indian state of Tamil Nadu is getting ready to compete with SEA markets and neighbors like Bangladesh. Since announcing its Footwear and Leather Products Policy 2022, the state has attracted several manufacturing investment proposals, including from vendors to major market players like Adidas, Nike, and Crocs.

India’s 2024 Pre-Interim Budget: What Businesses and Investors Want

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Industry stakeholders, businesses, and investors have all shared their wish list of expectations with the government ahead of the interim budget announcement, scheduled for February 1, 2024. We discuss these expectations and explain the limited scope of the budget announcement till the next government is formed following the general elections.

The Draft Delhi Industrial & Economic Development Policy 2023–33

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The Draft Delhi Industrial & Economic Development Policy 2023–33 lists eight focus sectors and multiple thrust areas to achieve high-tech and sustainable transformation in the city. Feedback to the policy white paper closed on December 31, 2023.

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