New Delhi, Feb 27 (IANS) As India moves towards deeper integration in the global value chains, base year updates at regular intervals, current after every five years, it reflects the government’s commitment to data-driven policy intervention to shocks in the global economy, economists said on Friday.New estimates of real GDP at Rs 322.58 lakh crore in FY 2025-26, against the First Revised Estimate (FRE) of GDP for the year 2024-25 of Rs 299.89 lakh crore pegs GDP growth rate at 7.6 per cent, as …
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New Delhi, Feb 7 (IANS) The interim tariff agreement marks a significant development in the US-India trade relations, potentially expanding market access for exporters in both countries and providing a stable and comprehensive trade framework, industry said on Saturday.India and the United States have finally signed an interim tariff agreement aimed at reducing trade barriers and strengthening bilateral economic cooperation. “The framework was agreed upon in ongoing negotiations to expand two-…
New Delhi, Feb 3 (IANS) Leading industry chambers on Tuesday said the India-US trade deal will enhance the global competitiveness of Indian products while catalysing manufacturing growth, employment creation and the development of resilient supply chains.The US has immediately reduced reciprocal tariff on Indian goods from 25 per cent to 18 per cent, while waiving off the other 25 per cent tariffs imposed on the country for purchasing Russian oil.“The expected reduction of US-India tariffs to …
New Delhi, Dec 31 (IANS) The launch of the Market Access Support Intervention scheme under the Export Promotion Mission by the government marks a strategic shift in country’s export strategy, aimed at strengthening international market access for India’s exporters, particularly micro, small and medium enterprises (MSMEs), and first-time exporters, the PHD Chamber of Commerce and Industry (PHDCCI) said on Wednesday.The Market Access Support Intervention (MAS) addresses structural constraints …
New Delhi, Dec 29 (IANS) Healthy gains in manufacturing and mining suggest that underlying industrial momentum is strengthening in India, potentially supporting broader economic performance in the near to medium term, industry leaders and economists said on Monday.The Index of Industrial Production (IIP) registered a record high growth of 6.7 per cent (quick estimate) in November, compared to 5 per cent in the same month last year, “driven by notable deceleration in the manufacturing and mining …
New Delhi, Dec 22 (IANS): The Federation of Indian Export Organisations (FIEO) on Monday welcomed the signing of the India–New Zealand free trade agreement as “a game-changer for Indian exporters”, which will significantly enhance the country’s integration with global value chains.FIEO President S.C. Ralhan said that the conclusion of the India–New Zealand FTA in such a short span reflects the strong political will and shared economic vision of both countries.The zero-duty access for Indian …