The Reserve Bank of India (RBI) highlighted a comprehensive overview of India’s economic landscape, emphasising both positive developments and persistent challenges. Despite a welcome reduction in inflation, the RBI stresses that the nation remains in a challenging economic terrain, with global financial conditions posing a significant risk. Anticipating a boost...
On a global scale, the World Bank’s projections for 2023 indicate a significant economic slowdown, with consequent impact on international trade. This deceleration is primarily attributed to ongoing efforts to combat high inflation through monetary policy tightening. While a modest recovery is expected for 2024, it’s important to note that...
After experiencing an estimated 6.9% GDP growth in 2022-23 despite global headwinds, India’s economy is projected to grow at a rate of 7% and expected to be the fastest-growing economy in FY ’24. IBT looks at important developments and policy changes at the close of 2022-23 and what the current...
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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