Tag: Global Trade

Piyush Goyal Says BRICS Exports Rose Nearly Sevenfold to $6 Trillion in 2024

Piyush Goyal said BRICS exports surged from about $900 billion in 2003 to $6 trillion in 2024, with the bloc's global export share nearing 24%.

PM Modi Meets Iran President Pezeshkian at BRICS Summit

Prime Minister Narendra Modi met Iranian President Masoud Pezeshkian on the sidelines of the 18th BRICS Summit, stressing dialogue, diplomacy and maritime safety.

Piyush Goyal Calls for Easier Trade Across BRICS Markets

Piyush Goyal urged BRICS members and partner countries to open markets, simplify regulations and accelerate consignment clearances to strengthen intra-BRICS trade.

Piyush Goyal Calls for Easier Trade Across BRICS Markets

Piyush Goyal urged BRICS members and partner countries to open markets, simplify regulations and accelerate consignment clearances to strengthen intra-BRICS trade.

Nirmala Sitharaman Reflects on India's Early Development Model at NCAER Lecture

Speaking at the C.D. Deshmukh Lecture hosted by NCAER, Union Finance Minister Nirmala Sitharaman reflected on India's early post-independence development strategy. She highlighted the establishment of institutions such as ISRO, BARC, BHEL and the IITs, while noting that slow infrastructure execution, dependence on external powers, and limited focus on exports affected India's long-term economic trajectory.

Piyush Goyal Highlights India's $70 Trillion FTA Market Access

Piyush Goyal says India's new FTAs with 38 developed economies provide preferential access to a $70 trillion GDP market while exports continue to grow despite global challenges.

Trump Says Future Shipping Damages Will Be Paid Using Iranian Funds Under U.S. Control

U.S. President Donald Trump said any future damage to ships, cargo, or related assets would be compensated using Iranian funds held under U.S. control, calling the move "fair and equitable."

Jaishankar Highlights India-EU TTC Milestones

India and the European Union have reinforced their strategic partnership by advancing cooperation in trade, technology, research and innovation, including Horizon Europe negotiations and EV standards.

India-EU FTA Talks Advance in Meeting with Bernd Lange

India and the European Union reaffirmed their commitment to concluding the Free Trade Agreement during a meeting with European Parliament INTA Chairman Bernd Lange, highlighting stronger economic ties and future cooperation.

Trump Calls for Gulf Investment Over US Security Role

Donald Trump said Gulf countries are prepared to invest record sums in the United States and argued that America deserves compensation for safeguarding strategic maritime routes.

JD Vance: 12.5M Barrels Passed Through Hormuz Overnight

JD Vance said oil shipments through the Strait of Hormuz reached 12.5 million barrels overnight, the highest since the conflict started, as oil and gasoline prices continue to decline.

PM Modi Praises Trump’s Peace Efforts in West Asia, Stresses Safety of Indian Seafarers