At the BRICS summit in Kazan, member countries made significant strides toward de-dollarization, aiming to reduce their reliance on the U.S. dollar for international transactions. This initiative was underscored by the unveiling of a symbolic BRICS banknote featuring the flags of Brazil, Russia, India, China, and South Africa, signaling a...
Brazil is a key trade partner for India in the Latin American region. It is part of the MERCOSUR bloc, with which India has a Preferential Trade Agreement (PTA). The two sides are currently in the middle of negotiations to expand the scope of this PTA. India’s merchandise exports to...
HE Suresh Reddy, Ambassador of India to Brazil, feels that as two large, intensely dynamic, and private sector-led economies, the economic engagement between India and Brazil is well below potential. But with technology reducing the barriers of both language and distance as well as growing recognition of mutual complementarities and...
Leonardo Ananda Gomes, President, India-Brazil Chamber of Commerce, emphasized that Brazil and India can become key partners for a deeper and long-term relationship, especially considering the still underexplored opportunities. He adds that post-COVID, there is necessity to reinvent, adapt and find new forms of cooperation in sectors like agribusiness and...
Prof Jagdish Sheth takes a deep dive on the various models of contract farming that have evolved in the US over the past two centuries. If done right, he believes that it can help India exploit its untapped potential in food processing and value added exports. Also, it can enable...
Buoyed by government incentives, a shift to ethanol can bring stellar gains and more sustainability to the Indian sugar sector in 2021, especially as economies revive and crude prices surge. In 2018, the global market of sugar stood at 187.9 million tonnes. It is projected to reach 200 million tonnes...
India is the fifth largest producer and importer of agrochemicals. However, it needs to strengthen its presence in the herbicide segment, which is among the fastest growing segments in the industry globally. Global exports of the agrochemical industry have more than tripled between 2001 and 2019. From US$ 10.6 billion...
Brazil has shown a relatively faster revival in its manufacturing sector led by a strong government stimulus to boost local employment, consumer demand and industrial growth. But will this eventually prove to be a successful post-pandemic recovery strategy? Brazil is among the severely affected countries by COVID pandemic with around...
H.E. Mr. André Aranha Corrêa do Lago, Ambassador of Brazil to India, envisages huge opportunities for bilateral investment between India and Brazil in in electrical manufacturing, biofuels, aerospace, defence, pharmaceuticals, and information technology. Trade is also way lower than the potential, considering that India and Brazil are among the top...
Manufacturing PMI data reached a record high for India in October 2020, reflecting pent-up domestic demand, a positive sentiment due to the festive season and optimism on a possible uptick in exports in the coming months. India’s manufacturing PMI has risen to a high of 58.9 in October as compared...
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