Trade

US Moves Away from Competition to Tariff Brinkmanship

Reading Time: 4 minutesThere was no sign of any concern on the part of the chambers regarding the dark shadows of an escalating trade war — like it possibly resulting in a global recession or the surplus Chinese goods getting dumped in the Indian market at cheaper prices or the general price increase in the US, and the […]

Trade War Boosts BRICS Economic Cooperation

Reading Time: 4 minutesThe 10th BRICS summit in July 2018 in Johannesburg attached significance as it was held at an important conjuncture when the global free trade is feared to be in jeopardy. It was a departure from the set agenda of internal issues of member nations and was an assertion to shield the multilateral trading system. A […]

India Eyes $400 Billion Exports in Two Years

Reading Time: 3 minutesIndia had prepared a strategy paper in 2013-14 after sustained high exports growth for almost a decade. At that time the target was to achieve $500 billion in exports in three years. But it was not implemented as exports slowed down due to a difficult global situation. Lately, global trade has started looking up. A […]

India Has Little to Gain by Dancing With the Dragon

Reading Time: 4 minutesAs the adage goes, enemy’s enemy is a friend, India and China have warmed up to espousing the common cause of hitting the rich world where it hurts their strong domestic interests. As the trade majors in the WTO such as the United States and the European Union have questioned India’s Minimum Support Price (MSP) […]

Indo-Iran Ties at Crossroads after US Sanctions: Huge Opportunity for Indian Shipping Lines

Reading Time: 4 minutesConcerned over the US sanctions, India is already looking at seeking exemptions from Washington to buy Iranian oil, apart from working out alternative payment mechanism to protect India-Iran trade which is $12-13 billion dollars annually. The terms of trade are heavily loaded in favour of Iran. India imports close $9 billion worth of oil from […]

Time for Oil Buyers to Form a Cartel to Checkmate OPEC

Reading Time: 4 minutesOil cartel OPEC has been holding the world to ransom by manipulating supplies so that the buyers pay a price that can sustain the extravagant life of their rulers and citizens for endless time. The whole world has been suffering because they happen to possess a resource without which human progress in its present form […]

Xi-Modi Plan Joint Project in Afghanistan: Trump May Get a Kick Out of Happenings in Asia

Reading Time: 4 minutesIndia and China have resolved to build “an economic project” in Afghanistan where Donald Trump is stuck with the Taliban and the ISIS and Afghan warlords; not to speak of the Haqqani Network. Above all, Pakistan. The tea that Xi and Modi drank stiffed talk that this was just an informal meeting and that Modi […]

Wuhan Summit Creates a New Template for Economic Engagement: India can benefit from Chinese Economic Muscle

Reading Time: 4 minutesThe informal Wuhan summit has helped to morph Doklam tension into a softer China and its yearn for India’s support for its role in the Asia Pacific region. A progressive economic engagement is the outcome of the summit. Given the fact both countries are the twin propellers for global growth, inter-dependence between India and China […]