India, Free Trade
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India is projected to add $1 trillion to its GDP every 12–18 months to 2047. With this momentum, India is targeting a $30 trillion economy by 2047.
Commerce Secretary Sunil Barthwal says for strategically important products, especially those where domestic capacity is being built under Make in India, PLI, concessions in FTA are provided over periods of five,
India's economy continues to hold up against a global flux, dealing with the impact of geopolitical tensions and trade uncertainties, the Reserve Bank of India said in its monthly bulletin released on Wednesday.
Indian auto industry praises India-UK FTA for boosting global economic engagement, providing market access for car makers.
The historic trade deal is expected to provide comprehensive market access for Indian goods across all sectors.
The India-UK Free Trade Agreement (FTA) or the Comprehensive Economic and Trade Agreement (CETA) seeks to enhance bilateral trade by around USD 34 billion annually, besides ensuring better market access.
The country’s growth will be drive by its states, with three to five states, including Maharashtra, Tamil Nadu, Gujarat, UP and Karnataka expected to reach $ 1 trn-mark
India tests first hydrogen-powered train, plans to run 35 trains under 'Hydrogen for Heritage' initiative, leading in green technology.
India’s economy was worth $3.7 trillion in 2023, making it the world’s fifth largest, having jumped four spots in the rankings during Modi’s decade in office.