Eastern Maritime Corridor Boosts Trade
The Eastern Maritime Corridor connecting Chennai and Vladivostok has significantly enhanced trade between India and Russia, reducing transit time from 40 days to 24 days.…
External Sector/Open Economy/Globalisation
India Tops Global Remittances for 2024
India maintained its position as the largest recipient of remittances globally, receiving $129 billion in 2024, a rise from ₹8.95 lakh crore in 2023. A…
India’s Alternative Assets Market
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India’s Crypto Investment Landscape
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India Becomes Third Largest Smartphone Exporter
India has become the third-largest smartphone exporter, rising from 23rd position since 2019. In November 2024, exports surpassed ₹20,000 crore in a single month. This…
Switzerland Suspends MFN Status for India
Switzerland has suspended the Most-Favoured-Nation (MFN) clause from its tax agreement with India, effective January 1, 2025. This decision follows a 2023 Indian Supreme Court…
ADB $500 Million Loan
The Asian Development Bank (ADB) has approved a $500 million loan for India to support sustainable infrastructure through the India Infrastructure Finance Company Limited (IIFCL).…
India’s Forex Reserves Increase
India’s foreign exchange reserves (forex reserves) increased to $658.09 billion on November 9, 2024, marking a rise of $1.51 billion after nine weeks of declines.…
International Debt Report (IDR) 2024
The International Debt Report (IDR) 2024 highlights record external debt levels of $8.8 trillion for low- and middle-income countries (LMICs) in 2023. This surge is…
