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As of 2023, India is the seventh largest exporter of commercial services in the world, [12] accounting for 4.6% of global trade in services. India's service exports grew by 27%. [13] In September, India's prominent services industry experienced an acceleration in growth, buoyed by robust demand in the sector.
India does not want to give any signal that it is protectionist, the top bureaucrat in the finance ministry said, after slashing import duties on high-end motorcycles, amid U.S. President Donald ...
In general, PTAs do not cover substantially all trade. The India Mercosur Preferential Trade Agreement is an example of a PTA. [2] A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members.
India has been pushing for reforms in the United Nations and in the World Trade Organization with mixed results. India's candidature for a permanent seat at the UN Security Council is currently backed by several countries including Russia, United Kingdom, France, Germany, Japan, Brazil, African Union nations and United States.
Foreign direct investment (FDI) in India has reached 2% of GDP, compared with 0.1% in 1990, and Indian investment in other countries rose sharply in 2006. [18]As the third-largest economy in the world in PPP terms, India is a preferred destination for FDI; [19] India has strengths in information technology and other significant areas such as auto components, chemicals, apparels ...
The India–United Kingdom free trade agreement is a proposed free trade agreement which began negotiations in January 2022. [1] When completed it will be the first comprehensive free trade agreement that India has signed with a European country; it is expected be the third trade agreement signed by Britain since leaving the European Union negotiated completely anew.
Indian Foreign Minister Subrahmanyam Jaishankar met his Chinese counterpart Wang Yi on Thursday in Laos, where the two leaders agreed to resolve border issues as soon as possible. The two ...
Withdrawal from World Trade Organisation (WTO) Agreements: Some farmers express concerns about the impact of international trade agreements on their livelihoods. They call for India's withdrawal from the WTO and the imposition of a ban on all Free Trade Agreements (FTA). Justice for Lakhimpur Kheri violence: