Economy & Trade

India Expands Industrial Cooperation with the Eurasian Economic Union

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India and the Eurasian Economic Union (EAEU) are developing an industrial cooperation plan, fostering alignment across various sectors.

Foreign Investment Climate in Gujarat

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The foreign investment climate in Gujarat benefits from its strategic location on India’s west coast and enabling policies and infrastructure.

India’s Q1 FY24 GDP Growth Reaches 7.8%, Outpaces Major Economies

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India’s Q1 FY24 GDP growth surged to 7.8%, surpassing major economies like the U.S., UK, and China. Moody’s now predicts 6.7% growth in 2023.

India’s Trade and Development with BRICS: Analysis and Opportunities

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With the BRICS 2023 summit now underway, we examine the India-BRICS trade dynamics.

India-Australia Trade Negotiations for a CECA: What We Know So Far

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India and Australia are continuing the momentum over free trade negotiations, following the interim trade pact coming into force end of last year. Leadership of the two countries are seeking to close out the deal by December 2023 but officials are tight-lipped.

India, UAE Commence Crude Oil Trade Using Local Currency Settlement (LCS) Framework

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India and the UAE recently executed their first crude oil transaction involving 1 million barrels of crude oil using the Local Currency Settlement (LCS) mechanism, signalling a pivotal shift in the cross-border trade approach between the two nations.

Advance Authorization Scheme in India: Changes Made to Ease Compliance Burden on Exporters

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India is simplifying its advance authorization scheme to expedite the process for exporters seeking duty-free imports of input materials that are used for final export goods.

India-UK FTA: Broad Consensus on Scotch Whisky Imports Worry IMFL Brands

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Despite concerns from domestic and IMFL whisky brands, discussions on Indian imports of Scotch whisky have made some progress, which is expected to be well-received by Indian consumers. The discussions had been previously held up due to tariff disputes.

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