News on Indian Economy
South Korea’s Trade Minister Yeo Han-Koo met with India’s Commerce and Industry Minister Piyush Goyal in New Delhi on Tuesday, setting a bilateral trade aim of $50 billion by 2030.
Even in comparison to the pre-pandemic year, 2019-20, textile sector exports (Textiles & Apparel including Handicrafts) climbed by 14.6% from April to December 2021 as compared to April to December 2019. Textiles saw a 31% increase in exports, Cotton Yarn/Fabrics/Made-ups, Handloom items, etc. saw a 43% increase, and Jute products saw a 33% increase from April to December 2021, compared to April to December 2019.
The Henley Passport Index (HPI) says the desi passport rose seven position to become the world’s 83rd most powerful document last year, up from 90th in 2020, when this number of countries was 58.
According to a quarterly employment survey issued on Monday by the labour ministry, total employment created by nine key industries stood at 3.10 crore in the July-September 2021 quarter, which is 2,00,000 more than the April-June period.
Now, researchers at the Indian Institute of Technology (IIT), Guwahati, have developed a novel improved natural draft charcoal retort (INDCR) to address the technological and capital investment challenges of Indian charcoal makers.
The consultancy’s early estimates for total capacity addition in 2021 is 11.2 GW, split between utility-scale solar with 7.8 GW, rooftop solar with 1.8 GW, and wind with 1.6 GW, 30 per cent below their projection for the year.
India INX Global Access IFSC Ltd, a wholly-owned subsidiary of BSE’s India INX, has tied up with Sova Capital, a London-based emerging markets broker-dealer, to offer Indian investors access to the Russian securities market.
Indian Railways have sought private participation in designing new freight wagons, according to a new wagon design policy issued by the government aimed at tapping outside expertise in an area that was a preserve of the Research Designs & Standards Organisation (RDSO), the R&D wing of Indian Railways.
India had provided AC Diesel Multiple Units under the loan facility
iscussion will focus on addressing the large trade deficit, market access issues and non-tariff barriers faced by Indian exporters. The discussion will also feature investment related issues.
