trade flows

April 10, New Delhi: The Asian Development Bank projected on Friday that India's GDP growth would remain "robust" at 6.9% in the current fiscal year, and rise to 7.3% in the next fiscal year, driven by strong domestic demand and supported by easing financing conditions and lower US tariffs on...

Mumbai, April 8 Reserve Bank Governor Sanjay Malhotra on Wednesday termed the ceasefire between the US and Iran as "pleasant news," which was taken into account while making the policy decision hours later."At 5:30 am, we received some pleasant news, perhaps not entirely unexpected," Malhotra...

New Delhi, April 4 – Another India-flagged liquefied petroleum gas (LPG) tanker, Green Sanvi, passed through east of the Strait of Hormuz, according to ship tracking data, making it the seventh Indian vessel to safely navigate the maritime chokepoint amid the West Asia conflict.The vessel used...

New Delhi, April 3 A tanker sanctioned by the US, carrying Iranian crude oil, has rerouted mid-voyage from its previously indicated destination of India – where it would have marked the first such shipment in nearly seven years – to China.The Aframax tanker Ping Shun, built in 2002 and...

Washington, April 3 – The United States recorded a goods trade deficit of $54.91 billion with India over the past 12 months, placing it among Washington’s top deficit partners, even as the overall US trade gap widened in February, according to official data.The monthly figures showed the US...

The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) has completed its fourth year today. Since its signing on April 2, 2022, the agreement has been instrumental in boosting trade flows, fostering industry connections, and creating new opportunities for businesses...

Colombo, March 19 Adani Ports and Special Economic Zone Ltd, operating at the Colombo port's west terminal, has achieved the milestone of handling one million TEUs in its first year of operations."The rapid growth in the Port of Colombo in Sri Lanka underscores the expanding global presence of...

March 13, New Delhi – Philippine Trade Secretary Cristina Roque highlighted on Friday that the conflict in West Asia demonstrates the deep interconnectedness of the global economy, with geopolitical tensions causing immediate economic shocks.Speaking at an ASEAN economic ministers' meeting in...

Mumbai, March 10 An escalating conflict in West Asia could pose downside risks to India's economic growth outlook if the conflict persists, according to a report by ICRA.The rating agency said it expects India's real GDP growth to be around 7.1 per cent in FY2027, slightly lower than the 7.6...