The government is in the process of finalising schemes under the Export Promotion Mission, announced in Union Budget 2025, with an allocation of ₹2,250 crore. The schemes, aimed at MSME exporters, are expected to be rolled out within the next four to five months. The Mission will be jointly driven by the Ministries of Commerce, … Read more
Growth in India’s dominant services sector was the slowest in over two years in January amid cooling demand but remained historically strong and led to a substantial rate of hiring, a business survey showed on Wednesday. Company Value Change %Change Asia’s third-largest economy has been struggling with slackening consumption. To try and boost spending the … Read more
The Confederation of Indian Industry (CII) President, Sanjiv Puri, has expressed optimism regarding an imminent rate cut by the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC). Speaking on the matter, Puri said, “The liquidity part the RBI has been acting on. We expect the interest rates to moderate soon. It is the 25-50 … Read more
India is positioning itself as a potential beneficiary of the ongoing US-China tariff war, with early indicators suggesting that Indian exporters may see a rise in shipments to the American market. According to government sources, exporters have provided positive feedback regarding export orders, signalling optimism for increased trade opportunities. Sources also revealed that the United … Read more
The global economy remains uncertain as tariff actions continue to influence currency markets. Louis Kuijs, Chief Economist for Asia-Pacific at S&P Global Ratings, highlighted that whenever tariffs are expected, the US dollar strengthens, putting pressure on other currencies. While temporary relief may occur when tariff concerns subside, the risk of further trade actions remains. Chi … Read more
Bilateral trade is likely to be a priority when Prime Minister Modi and US Donald President Trump meet in Washington DC next week. Sources tell CNBC-TV18 that both Modi and Trump may set a 7-8 month timeline for concluding talks on a trade deal. Both sides may want to seal a deal when President Trump … Read more
West Africa’s regional bloc known as ECOWAS is facing significant challenges after three junta-led countries formally quit the group, forming their own alliance and weakening the bloc’s standing and political authority. The withdrawal of Mali, Niger and Burkina Faso from the bloc — now left with 12 member countries — was the culmination of a … Read more