RCEP not an option, still harmful for India
India escaped this disaster by taking a prudent decision at the right time
India escaped this disaster by taking a prudent decision at the right time
Global trade body says volume of world merchandise trade should increase by 2.6% in 2024 and 3.3% in 2025 after falling 1.2% in 2023
DPIIT is for expansion of its role with PLI and steering India’s industrial growth at a time FDI is on a decline and global trade is sluggish.
China and India will continue to expand their global footprint in manufacturing and services, respectively, for some time, researchers led by Arvind Subramanian say
WTO says growth projections in global trade scaled back on a continued slump that began in Q4 2022
The WTO has cited global macroeconomic situations such as the Russia-Ukraine crisis, soaring energy prices, and monetary tightening in major economies to be among the reasons for the slowdown.
There happens to be a confluence of shocks hitting the world at a time there are very divergent recoveries in the world, says IMF's Gita Gopinath.
The overall value of global trade reached a record level of $28.5 trillion in 2021.
World Trade Report comes ahead of WTO's 12th Ministerial Conference in Geneva during November 30-December 3.
It is expected that Biden's tenure will be very different from that of Trump's. But what exactly will change? And how much?