
The 'R' Club Dare to U.S. Dollar
The 'R' Club' led by rupee, renminbi, rouble, real, rand, riyal, rupiah & ringgit is posing serious threat to the greenback.
The 'R' Club' led by rupee, renminbi, rouble, real, rand, riyal, rupiah & ringgit is posing serious threat to the greenback.
Countries wary of excessive dollar outflows, especially those who run trade deficit with India, have started signing rupee trade settlement deals.
Iron and steel, apparel and clothing accessories were among the goods that did not perform as expected during the last one year.
The rating agency projects imports to contract by 4% in FY24 on the back of healthy growth in FY23, which is estimated to be at 15%.
The government last introduced the Foreign Trade Policy in 2015, which was extended multiple times due to covid-19 impact on the global economy.
The G20 Sherpa talks about the significance of the presidency and how India’s theme, “One Earth, One Family, One Future,” can make a difference.
India has so far concluded 13 FTAs and 6 Preferential Trade Agreements (PTAs).
During the month, the imports declined by 1.9% YoY to $73.80 billion as against $75.27 billion in December 2021.
The country’s imports witnessed a growth of 5.7% to $69 billion in October this year as against $53.64 billion in October 2021.
Government is working overtime to wrap up pending trade deals. The trick lies in avoiding the pitfalls of its earlier deals.