Economy News ( English version)

The recently concluded Free Trade Agreement between India and the United Kingdom is expected to benefit both nations economically and could also pave the way for similar agreements with other countries such as the United States and the European Union, says a report by Bank of Baroda.

Union Minister Nitin Gadkari emphasized infrastructure development as crucial for India's economic strength. The highways ministry plans to convert 25,000-30,000 km of two-lane highways into four lanes with a Rs 10 lakh crore investment, utilizing the InvIT model.

Assocham advocates for policy reforms at national and state levels to improve the ease of doing business for small enterprises and foster a competitive MSME ecosystem. The industry body's paper identifies regulatory barriers in building and construction, environment, labor, and logistics.

India and the UK have finalized a free trade agreement. It aims to double commerce by 2030. The deal lowers tariffs on Indian exports. British firms will find it easier to export to India. Duty reductions on cars will occur over 10-15 years. Quotas will limit petrol, diesel, and electric vehicle imports. The FTA offers opportunities for India's services […]

British Prime Minister Keir Starmer announced a historic trade deal with the US, following a similar agreement with India. The US deal, finalized after a call with President Trump, cuts car export tariffs and eliminates steel tariffs, benefiting UK carmakers, steelworks, and farmers. The agreement also paves the way for future UK-US technology partnerships i […]