In 2024, an estimated 113 million people are projected to join the global middle class, primarily driven by Asia, where 91 million new consumers are expected to emerge. Notably, India and China lead the way due to their vast populations, rising incomes, and urbanization. Indonesia and Bangladesh also play a...
India is the top exporter of F&B products to Africa, and the continent provides strong upside potential in this sector across categories. TPCI’s research report on India’s F&B exports to Africa provides insights into the growth trends in F&B sector, challenges to market penetration and roadmap for further enhancement of...
Nathi Ram Gupta, President, AIREA, is confident of a new record in rice exports in the current financial year due to bans imposed by Thailand and Vietnam, higher production and higher buying by importing countries. But he also highlights that shipment costs, shortage of containers and NTBs are acting as...
The Organisation for Economic Co-operation and Development (OECD) defines a free trade area as “a grouping of countries within which tariffs and non-tariff trade barriers between the members are generally abolished, but with no common trade policy toward non-members”. Tariffs and other trade restrictions between two or more countries is...
Despite the drop in agri-exports, India may be well placed to benefit from emerging opportunities amid supply chain disruptions in key target markets. To raise its share in global agri-trade, India must aggressively seize the present opportunity with a stable policy on its agri-exports with enhanced investments in supportive infrastructure,...
Different parts of Africa have different appetite and liberalization norms for ‘Services’. There is a need for region-specific trade and services negotiations, if India has to gain maximum from an agreement. Historically, reasons for emergence of regional integration arrangements in Africa were political exigencies and economic needs. It is often...
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