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India-ASEAN Free Trade Agreement
The Free Trade Agreement (FTA) between India and the Association of Southeast Asian Nations (ASEAN), formalized as the ASEAN-India Free Trade Area (AIFTA), has played a pivotal role in deepening economic ties between the two regions. However, despite the robust trade volume of $131.58 billion in 2022-23, the agreement has…
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Inflation Predictions: What Lies Ahead?
Inflation has been a persistent topic in global economic discourse, with predictions for the coming months indicating subtle but impactful shifts. In the U.S., inflation rates are expected to rise slightly, with November 2024 projections at 2.7% year-over-year, marginally up from 2.6% in October. While this increase appears modest, it…
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India’s IT Services Revolution
India’s remarkable success in the IT services industry is a testament to how minimal government intervention can create an environment conducive to growth. This trajectory, however, was not a result of deliberate planning but rather an outcome of adaptive policy-making and favorable circumstances. The evolution of India’s IT services sector…
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EU Economy: Growth and Challenges
The European Union (EU) economy is navigating a period of measured growth, with GDP projected to increase by 1.2% in 2024 and 1.8% in 2025. These figures highlight a gradual recovery, supported by increased private consumption and investment, even as the region grapples with persistent challenges such as high energy…
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Export Basket: Strategic Initiatives for a Global Push
India has been making concerted efforts to diversify its export basket, recognizing the need to enhance its global competitiveness, reduce dependency on traditional markets, and foster sustainable economic growth. With a multi-pronged strategy focusing on sectoral advancements, market diversification, agricultural exports, and supportive policy measures, India is positioning itself to…
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China’s Politburo: Charting a New Economic Course for 2025
China’s Politburo recently unveiled a series of transformative economic policies to combat slowing growth and reinvigorate its economy. For the first time in 14 years, the nation is transitioning to a “moderately loose” monetary policy, coupled with a more proactive fiscal approach. These shifts aim to stabilize key sectors such…
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India’s Reform Journey: Balancing Ambition with Pragmatism
In a recent discussion, an economist and member of the Prime Minister’s Economic Advisory Council, delved into pressing issues surrounding economic reforms, privatization, and state-level disparities in India. The reflection shows the complexity of economic reform agendas and highlighted significant observations about India’s regional growth trajectories since liberalization. The Gradual…
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The EV Revolution and Manufacturing Leap
As the world moves rapidly toward electrification, India stands at a critical juncture. With ambitious global electrification targets set by leading and emerging economies alike, India’s position as one of the largest automobile markets provides a unique opportunity. However, this transition requires strategic planning to ensure that India doesn’t remain…
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India’s Export Edge: Powering Global Markets with Diversity and Innovation
India’s export landscape is a critical pillar of its economy, showcasing the nation’s diverse industrial capabilities and competitive strengths. With exports contributing significantly to economic growth and employment, the following sectors stand out as key players in India’s global trade profile: Petroleum Products: Driving Energy Trade Petroleum products remain a…