Global apparel industry has exposed to the shipping disruptions caused by violence in the Red Sea. Shipments from Asia by sea that may need to use the Suez or Panama Canals accounted for 51% of EU imports of apparel and footwear in the 12 months to Nov 30, 2023. The ratio of the United States is lower at 30% as only shipments to US east coast counted. In 2023, US and EU imports of apparel showed a decline as compared to the previous year ..read more

For a generation, the Mineral fuels, Products and Gas Industry played a key role in framing the core pillars of the economy to build the base for lasting development. From home appliances to industries, vehicles to cargo, and Air travel to Railways, almost every sector of the economy is heavily dependent on this industry ..read more

India is having largest livestock population including buffaloes, sheep & goats, pigs, and poultry, which are generally used to produce meat products. The beef sector is a significant contributor to the country’s food industry and is driven by a growing demand for beef products, particularly in developing countries where populations and income levels are rising. Top beef consumers include the United States, Brazil, China, the European Union, India, Argentina, Mexico, Russia, Japan, the United Kingdom, and Canada ..read more

Amid export ban on onion that will continue till March 31, 2024, India has permitted fixed quantity of 69,160 tonne of onions to Bangladesh (50,000 tonne), the United Arab Emirates (14,400 tonne), Bahrain (3,000 tonne), Bhutan (560 tonne), and Mauritius (1,200 tonne). The government took the decision after receiving requests from several countries ..read more

India’s bilateral trade relations with the United Arab Emirates and Qatar is likely to see a boost after Indian Prime Minister Narendra Modi visited both the countries. India signed trade agreements with both the countries that will benefit Indian companies. The UAE is one of India’s closest strategic and energy partners in West Asia, and trade was boosted by the signing of a free trade agreement (FTA) in 2022 ..read more

Germany, the powerhouse of Europe, is renowned for its technological advancement and strong economy. Its strategic location in the heart of Europe with a strong industrial base showcases Germany as an important player in international trade. Recently, Germany became the world’s 3rd largest economy by surpassing Japan, and serving as the platform for innovation, manufacturing, and exports, driving global trade and influencing economic trends worldwide ..read more

Every morning, we start our day with a cup of tea, for a fresh mind for a whole day. This tea, which makes our day is not just a beverage, it has thousands of years of history, from its origin in ancient times to its popularity today, tea has captivated people with its diverse flavours with cultural tastes ..read more

From the ashes of World War II, Japan’s constructive and strategic economic planning transformed into a global powerhouse of innovation with state-of-the-art technology, strengthening and leading the world in technological advancement and manufacturing. However, the tag of the world’s 2nd largest economy in 2010 slipped to 3rd position, and further deteriorating conditions of economic activity turned this position to 4th in 2024 ..read more

Ever wondered what plays an important role in the country’s ambitious goal of achieving trillion-dollar exports of goods and what are the driving forces behind export dominance in the global market? Let’s explore this with the help of India’s ambitious target of trade exports. India, the fastest-growing economy in the world, 3rd largest in purchasing power parity and 5th largest in nominal GDP, set an ambitious target to achieve $1 trillion in exports by 2030. States have also joined with their vision of a trillion-dollar-state GDP to accelerate the process ..read more

With the ongoing tensions between Maldives and India, Maldives’s trade relations with China are getting better. Maldives is focusing on importing more goods from China, instead relying on India. Recently, Maldives has signed new agreement with China to boost their trade relations. Following Maldives criticism of India, the new government of Maldives has put restrictions on importing goods from India ..read more