New Delhi, May 4 (IANS) The India‑New Zealand free trade agreement sets a bilateral trade target of $5 billion over five years and will act as a gateway to Oceania positioning India as a primary partner in the Pacific region, a report said on Monday.The report from Brickwork Ratings said the pact also envisages $20 billion of foreign direct investment into India over 15 years and that near‑term FDI will reportedly target pharmaceuticals, agri‑tech and education.Emerging technologies and gr…
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New Delhi, May 2 (IANS) The Union government notified 100 per cent foreign direct investment (FDI) in the insurance sector under the automatic route, paving the way for greater participation by overseas investors, according to a report released on Saturday.NDTV Profit has reported that foreign investment in insurance companies will be subject to compliance with provisions of the Insurance Act, 1938, and mandatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) f…
New Delhi, May 2 (IANS) India’s economy is likely to sustain growth above seven per cent in the near term even as geopolitical tensions in West Asia pose risks to the macroeconomic outlook, Chief Economic Adviser (CEA) V. Anantha Nageswaran said on Saturday.He noted that the timing of the conflict coincides with expectations of another year of strong growth, adding that the Union government is closely monitoring and managing crude oil supply dynamics.CEA Nageswaran said India’s reliance on impor…
New Delhi, May 1 (IANS) The India-UAE Comprehensive Economic Partnership Agreement (CEPA) is driving robust trade expansion and opening new avenues for Indian businesses, Union Minister Piyush Goyal said on Friday.Four years after the implementation of the India-UAE Comprehensive Economic Partnership Agreement, the bilateral economic relationship between India and the United Arab Emirates has witnessed significant growth across multiple sectors.Highlighting the progress in a post on social media…
New Delhi, April 26 (IANS) India’s fast-growing digital market, if left unregulated, can seriously damage the country’s traditional retail structure, which remains one of the largest generators of self-employment and jobs, the Confederation of All India Traders (CAIT) said on Sunday, urging the government to roll out an enforceable National E-Commerce Policy to protect crores of small traders, neighbourhood shops, and the livelihoods of crores of employees.In a letter sent to Union Commerce …
New Delhi, April 23 (IANS) The shipments of ‘Made in India’ smartphones grew 8 per cent (on-year) in 2025, driven by a 28 per cent surge in exports and a 1 per cent growth in domestic sell-in, according to a new report on Thursday.Exports accounted for approximately one-third of all smartphones manufactured in India, said Counterpoint Research’s ‘Make in India’ Tracker.Foxconn Hon Hai emerged as the key beneficiary with a 48 per cent YoY growth in its exports, driven by strong Apple sh…
New Delhi, April 21 (IANS) India’s economy is projected to expand by 6.4 per cent in 2026 and 6.6 per cent in 2027, a new United Nations (UN) report has said.The report from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said that economies in South and South‑West Asia grew 5.4 per cent in 2025, up from 5.2 per cent in 2024, driven largely by India’s strong growth of 7.4 per cent in 2025.The report further stated that robust rural consumption, goods and servic…
Kolkata, April 20 (IANS) BJP Rajya Sabha member Samik Bhattacharya on Monday launched a sharp attack on the West Bengal government, alleging a large-scale “exodus” of capital, investment and opportunities, and claiming that the state is no longer considered an investment-friendly destination. The BJP leader also accused the All India Trinamool Congress government led by Chief Minister Mamata Banerjee of “total absence of law and order” in the state.Speaking to IANS, Bhattacharya, who also …
New Delhi, April 18 (IANS) As the world economic order changes rapidly amid the West Asia crisis, central government and state governments in India should work jointly for giving a strong push to economic linkages between India and ASEAN countries, as well as East Asian nations, according to a new report in Modern Diplomacy.The report highlights that several Asian countries, such as Japan, Singapore, and South Korea, which already have a strong presence in India, are also exploring opportunities…
New Delhi, April 8 (IANS) The Reserve Bank of India (RBI) on Wednesday estimated India’s real GDP growth at 7.6 per cent for FY26 under a new GDP series, while flagging emerging risks from geopolitical disruptions.The FY26 growth reflects resilience supported by strong services activity, manufacturing expansion and robust domestic demand.For FY27, the Central Bank has projected growth at 6.9 per cent, indicating a moderation as external risks and cost pressures begin to build, said RBI Governo…