Tag: Global Trade Research Initiative

Weaker rupee to push India’s import bill, says Global Trade Research Initiative

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Weaker rupee to push India’s import bill, says Global Trade Research Initiative

Photo used for illustration purpose only. | Photo Credit: Reuters The weaker rupee will push the country’s import bill due to higher payments for crude oil, coal, vegetable oil, gold, diamonds, electronics, machinery, plastics, and chemicals, economic think tank Global Trade Research Initiative (GTRI) said on Friday (January 17, 2025). Citing an example, it said…

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Gold, silver import surges 210% in 2023-24 from UAE; need duty revision in FTA: GTRI

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Gold, silver import surges 210% in 2023-24 from UAE; need duty revision in FTA: GTRI

“While India’s total imports from the UAE fell 9.8% from $53.2 billion in FY23 to $48 billion in FY24, imports of gold and silver skyrocketed 210%, from $3.5 billion to $10.7 billion,” GTRI report said. | Photo Credit: Reuters “India’s gold and silver imports from its free trade agreement (FTA) partner UAE have skyrocketed 210%…

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Business

Deadline Ends, Here’s What Government Will Do Now

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Deadline Ends, Here’s What Government Will Do Now

India will be tracking imports of laptops and computers, but will not restrict them. The Indian government has stated that it won’t enforce licensing or similar constraints on laptop and computer imports. Instead, it is establishing a mechanism to track the volume and source of these imports. A statement from Commerce Secretary Sunil Barthwal was…

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