New Delhi, March 6 (IANS) While the Iran war has already driven Brent crude up around 9 per cent to near $80 per barrel and LNG prices by around 50 per cent in the global market, India has sufficient foreign exchange reserves, a low current account deficit (CAD) of 0.8 per cent of GDP in H1 FY26, and low inflation rates, which collectively allow it to effectively mitigate the impacts of rising global crude oil prices and ensure domestic energy security, according to the Finance Ministry’s mont…
Latest trade diplomacy News & Updates
New Delhi, Feb 25 (IANS) Early signs of revival are emerging in Indian markets, with the Nifty projected to reach 27,958 over the next 12 months under a base case scenario, a report said on Wednesday.The report from PL Capital said that a bullish scenario of a 20x forward earnings multiple implies upside toward 30,497, while a conservative bear case suggests 26,486 target for Nifty.The firm said that EPS growth is expected at 3.8 per cent, and medium‑term earnings trajectory remains strong wit…
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, Dec 22 (IANS) Union Home Minister and Minister of Cooperation Amit Shah on Monday hailed India–New Zealand FTA and termed it as an outcome of the Narendra Modi government’s trade diplomacy, which is setting a new milestone. In a post on X, HM Shah said, “The Modi govt’s trade diplomacy sets a new milestone. India–New Zealand FTA, that brings in $20 billion investment and offers lucrative opportunities for Indian innovators, entrepreneurs, farmers, MSMEs, students, and youth,…