New Delhi, April 17 (IANS) India’s construction market, currently valued at $685 billion in 2025, is projected to touch $1.2 trillion by 2034 at a CAGR of 6.9 per cent driven by sustained infrastructure investments and urban development, a report said on Friday.The report from Savills India and Hotelivate said that demand for offices remains robust, driven by GCC expansion and occupier preference for Grade-A, sustainable workspaces. Construction costs rose by 6.4 per cent–7.6 per cent, large…
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Tehran, April 5 (IANS) Iranian Foreign Minister Seyed Abbas Araghchi condemned a US-Israeli strike near Iran’s Bushehr nuclear power plant earlier in the day and warned of its potential lethal consequences for the West Asia region.Earlier, Tehran confirmed that a projectile hit near Iran’s only operating nuclear power plant on Saturday morning, killing one security worker and damaging a building on the site. It marked the fourth such attack since the US-Israel-Iran conflict began, Xinhua news ag…
New Delhi, April 4 (IANS) Weighing in on the ongoing West Asia conflict, India’s former Ambassador to Qatar K.P. Fabian on Saturday remarked that the Iranians “are playing a smart chess game” and termed US President Donald Trump’s statements as showing that he is “living in a fantasy land”.Speaking to IANS, the former diplomat stated that contrary to what President Trump says, the Strait of Hormuz is not blocked, “meaning it’s not blocked hundred percent”.”What Iran is saying is that ships linke…
New Delhi, March 19 (IANS) India’s 2026 BRICS presidency is expected to test New Delhi’s diplomacy even more than its highly successful presidency of the G20 as BRICS members – including Iran, the UAE and Saudi Arabia – navigate divergent positions amid the escalating conflict in the Middle East. The question, a report highlighted on Thursday, is how India would be able to forge consensus language acceptable to all sides. Former Foreign Secretary Kanwal Sibal wrote in India Narrative that the …
New Delhi: The ongoing conflict in West Asia, particularly the rising escalation involving the US, Israel, and Iran, has sucked in the Gulf states and has created one of the most volatile environments in recent decades. For India, whose economic and strategic interests are deeply tied to West Asia, the crisis presents both challenges and opportunities. New Delhi has responded with a carefully calibrated policy of strategic neutrality, emphasising restraint, dialogue, and diplomatic engagement ra…
United Nations, March 12 (IANS) The Gulf Cooperation Council (GCC) countries have collectively intercepted more than 954 Iranian missiles, 2,500 drones, and 17 aircraft, Bahrain’s Permanent Representative Jamal Fares Alrowaiei said, announcing a move to seek a Security Council condemnation of Tehran. He said that the attacks on the six-member GCC are “disturbing trade and maritime routes, having an impact on regional and international economy, affecting everyone.”The Iranian attacks were targeti…
Tehran, March 9 (IANS) The Indian Embassy in Tehran on Monday advised its nationals in Iran not to approach any of the land borders for travelling outside the country without prior coordination with the Embassy. The Embassy said that it will not be able to help Indian nationals after they have travelled out of Iran and are not able to enter any other nation.In the advisory issued on X, the Indian Embassy in Iran stated, “Indian nationals are hereby advised not to approach any of the land borders…
New Delhi, Feb 27 (IANS) India’s trade partnerships in 2026 signal a decisive shift toward deeper global economic integration, supported by a broad network of modern and outcome-oriented trade agreements, an official statement said on Friday.Landmark agreement with the European Union, alongside other strengthened partnerships, are expanding market access, boosting exports, attracting investment, and creating new employment opportunities across sectors. “Complemented by domestic policy, finan…
New Delhi, Feb 19 (IANS) The decision by India and the Gulf Cooperation Council (GCC) to formally restart negotiations on a Free Trade Agreement (FTA) after nearly fifteen years represents a significant geoeconomic inflection point between India and the Gulf states, as the relationship is no longer only energy-driven with the focus on geoeconomic realignments having assumed greater importance, according to a report.The revival of these negotiations is not merely a trade event — it is a strategi…
New Delhi, Feb 5 (IANS) India is set to roll out the first tranche of its Bilateral Trade Agreement (BTA) with the United States in matter of days which will see a reduction in tariffs on domestic exports to 18 per cent, Commerce and Industry Minister Piyush Goyal said on Thursday.The minister said that a joint India–US statement is likely to be released in the next four to five days. Once an executive order is issued following the statement, the reduced 18 per cent US tariff on Indian goods w…