Parliament passed five key maritime legislations in August 2025, including the Indian Ports Bill, 2025, replacing the outdated 1908 Act to modernise port governance, enhance transparency, and align with global standards. The Bill establishes State Maritime Boards, the Maritime State Development Council, and mandates electronic tariff publication, structured dispute resolution,...
India’s total exports in 2023-24 are estimated to have reached US$ 776.68 billion, growing marginally by 0.04% YoY amidst global challenges. However, service exports are projected to have grown by 4.39% YoY to reach US$ 339.62 billion in 2023-24. As we look ahead, the World Trade Organisation (WTO) forecasts a...
The global economic landscape is marked by a decline in world trade, as indicated by the World Trade Organization’s forecast of slowing trade growth in 2023 due to multiple global economic slowdowns. This challenging environment is mirrored in India, where India’s exporters face challenges, with a slowdown anticipated globally due...
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