The meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping at the BRICS Summit 2024 in Russia is a positive step, but it may not bring a big change to India China trade and economic relations. Building a strong and balanced economic relationship will need long-term efforts to reduce India’s dependence on Chinese…
Key Highlights BRICS Background The BRICS coalition, which includes Brazil, Russia, India, China, and South Africa, was founded to promote economic cooperation and development among emerging economies. Established in 2009, BRICS has aimed to create a multipolar world that counters Western dominance, particularly that of the United States. As of 2023, BRICS represents over 40%…
The Indian government announced the elimination of the export tax on parboiled rice, according to an official order on 22 October 2024. This decision comes as the country, the world’s largest grain exporter, experiences a surge in inventories and anticipates a robust harvest following ample monsoon rains. According to a global import export data provider,…
To assist local farmers, India has raised the basic import tax on crude and refined edible oils by 20%. Announced on Friday, this decision aims to strengthen the country’s oilseed farmers, as India stands as the world’s largest importer of edible oil. This tax hike may lead to higher prices for edible oils, potentially lowering…
India has long been known for its rich agricultural heritage, and among its many exports, mustard oil stands out as a significant product. This oil, derived from the seeds of the mustard plant, is not only valued for its culinary uses but also for its health benefits. Furthermore, its strong flavor and aroma make it…
The human hair industry, often dubbed as “Black Gold,” has emerged as a multimillion-dollar market, with India leading the way. India accounts for over 90% of the world’s human hair exports. These include human hair extensions, human hair wigs, human hair weaves, human hair bundles, human hair lace front wigs, human hair closure places, human…
In recent years, India’s solar energy sector has witnessed significant growth, both domestically and internationally. India has been actively contributing to the global transition towards sustainable energy solutions. India possesses a great potential to become a leading exporter of solar cells and panels globally. Let’s look into the India import export statistics and trends shaping…
In today’s time, the Automotive sector become a huge business in the global commerce market. Foreign investors are taking an interest and investing their money to boost the automotive sector. In the emerging Automotive market, India becomes the most preferable country in the global vehicle parts market. The main reason for this emerging growth in…
Due to significant geographical characteristics, Indian tea is among the best in the world. Gather the trusted Indian Tea Import Export Data and know the depth of the tea market and expand your Tea business. India is leading the 2nd rank in the production of Tea Globally. There are a lot of investors investing in…
In recent years, the Indian Pharmaceutical market has seen substantial growth in the import-export sector. The high demand for Indian Medicines has witnessed the growth of the pharmaceutical sector. According to the Exim Trade Data, India is the world’s largest exporter of Generic medicines throughout the world and contains an overall 20% export percentage in…
