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Alang-Gujarat’s ship recycling industry eyes 10% CAGR by CY28
As newer, more efficient vessels are introduced, older ships become increasingly unviable for operation.Read more
India to become $10 trillion economy by 2032; Overtaking US and China
India's economic expansion has accelerated in recent years; while it took 63 years, from 1947 to 2010, to reach a GDP of $1 trillion, it achieved $2 trillion by 2017 and $3 trillion by 2020.Read more
High freight costs and container dependence knock India's exports; GTRI
Freight rates for Indian exporters to Europe and the US have more than doubled over the past year, partly due to disruptions in the Red Sea.Read more
India pushes for strict rules of origin in UK trade pact for auto sector
The Rules of Origin dictate the minimum processing required in the FTA country—in this case, the UK—for a product to be considered as originating from that country.Read more
New safety regulations for machinery to impact MSMEs; GTRI
The regulations will impact around 90% of the estimated 150,000 manufacturers, affecting over 50,000 types of machinery, including critical industrial equipment such as pumps, compressors, cranes, and transformers.Read more
Switzerland green lights historic India-EFTA trade agreement
Signed in March, this comprehensive agreement is designed to enhance trade in pharmaceuticals, manufacturing, and emerging technologies, with a projected investment of $100 billion in India over the next 15 years.Read more
Chinese imports of umbrellas and musical instruments are hurting MSMEs; GTRI
The report details that China supplies 95.8% of India’s umbrellas and sun umbrellas, 91.9% of artificial flowers and human hair products, 59.7% of glassware, 54.3% of leather goods, and 52.5% of toys. Read more
India's global FDI share drops to 2.1% in 2023
Nearly 49.5% of FDI during October 2019–March 2024 went to Maharashtra and Gujarat, 30.3% to the Karnataka-Tamil Nadu-Andhra-Telangana region, and the remaining 17.8% to Delhi and Haryana.Read more
Indian tyre exports surge 17% in Q1 FY25; reach Rs 62.19 billion
In terms of export volumes, Passenger Car Radial (PCR) tyres led the category, followed by Motorcycle and Farm/Agri tyres in Q1 FY25. Read more
India to establish 50 e-commerce export hubs over five years
In the current financial year, the plan includes the construction of 10 such hubs to accelerate the growth of merchandise exports via online platformsRead more