As per the report by FICCI CASCADE titled "Challenging Landscape of Illicit Trade: How Changing Factors of Consumption Affect Illicit Markets in 5 Key Industries in India", the size of illicit market in the five key sectors- FMCG packaged goods, personal and household care, alcohol, tobacco,
Officials said the strength of drug traffickers lies not only in contraband but also in the vast sums of illicit money generated from the trade. These funds are used to expand criminal activities, infiltrate legitimate businesses, destabilise economies, and, in some cases, fund terrorism.
India's growth story is facing global turbulence, but domestic strengths and a cautious yet evolving trade strategy are expected to cushion the impact, according to economists and analysts.
India is shifting rapidly towards electric mobility and its progress in this sector is setting an example for other emerging economies aiming to embrace electrification, International Electrotechnical Commission Secretary General and CEO Philip Metzger told ANI in an interview on Tuesday.
Underlining the complementarities between the two economies, India's Ambassador to Saudi Arabia Dr. Suhel Ajaz Khan said the exposition highlights the role of the Strategic Partnership Council in shaping bilateral engagement and will deepen industry-to-industry linkages.
Israel's Finance Minister Bezalel Smotrich said the new bilateral investment pact with India will boost secure investments in both economies. He highlighted shared values, discussed progress on a Free Trade Agreement with Commerce Minister Piyush Goyal, and noted trade could grow up to four
Union Minister of Commerce and Industry Piyush Goyal on Monday said that India will become one of the world's top three economies in the coming two to two-and-a-half years, highlighting the country's rapid economic progress in recent years.
Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday said that India has become one of the fastest-growing economies in the world and is set to become the third-largest economy within the next two years, as it currently stands at fourth position.
Prime Minister Narendra Modi and Chinese President Xi Jinping, during the bilateral meeting in Tianjin, recognised the role of India and China's economies in stabilising the world trade, the Ministry of External Affairs said in a statement on Sunday.
"Our economy has strengthened to the extent that, even when the economies of developed nations declined during the COVID pandemic, our economy continued to progress," Singh told ANI, highlighting India's economic progress.