India needs a sweeping overhaul of its import tariff structure and customs administration to cut trade costs, strengthen manufacturing competitiveness and revive export growth, suggest trade-focused think-tank Global Trade Research Initiative (GTRI).
On January 4, US President Donald Trump warned that Washington could raise tariffs on Indian imports if New Delhi does not stop purchasing Russian crude. The warning comes even as Indian exports to the US are already subject to a 50 per cent import tariff, half of which is directly linked to
The Economic Survey 2024-25 has emphasized the need for India to remain competitive in global markets by reducing trade costs and improving trade facilitation.
Director General of Trace It, Geoffrey Hardy, unveiled the report's findings in collaboration with economic research firm Prime, shedding light on the profound impact of undocumented and illegal trade practices on Pakistan's economy.
Referring to the significant deployment of Indian Navy ships to secure the shipping routes amid Houthi attacks in the Red Sea, External Affairs Minister S Jaishankar on Monday stressed that 21 Indian Navy ships have been deployed in the distressed region and are protecting the International