India has emerged as the seventh-largest services exporter globally, up from 24th in 2001. Services exports increased from US$ 53 billion in 2005 to US$ 338 billion in 2023, contributing nearly 10% to GDP and helping reduce the Current Account Deficit to USD 23.2 billion in FY 2023-24. Goldman Sachs...
Primarily as an outcome of the upheavals over the past few years, many businesses are feeling obligated to remediate the vulnerabilities in their highly globalized supply and production. They are perceptibly recognizing the fact that their business may be negatively impacted by a lack of resilience in engineering, supply, production,...
India’s services sector exhibited impressive growth in September, with the S&P Global India Services Purchasing Managers’ Index (PMI) rising to 61 from August’s 60.1. This consistent expansion since August 2021 reflects the sector’s longest growth streak since 2011. Â Driven by surging demand and strong sales, India’s services industry, a...
The Competition (Amendment) Bill 2022 was originally introduced in Lok Sabha on August 5 2022 and subsequently referred to the Parliamentary Standing Committee on Finance headed by Jayant Sinha for examination and report. It has been cleared on March 29. Under the new bill, the Competition Commission of India (CCI)...
Dr. Basanta K. Sahu, IIFT, agrees that the dynamics of trade have drastically changed and COVID-19 presents an opportunity to explore new trade partners, markets and products. India should explore new markets, particularly in Africa and Southeast Asia through favourable trade agreements. Also, India’s production advantages in food products provide...
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