National
India’s merchandise trade deficit narrowed to $27.1 billion in February from January’s higher level, helped by a monthly decline in imports even as export growth remained weak. The latest trade data comes at a time when India is also facing fresh external pressures from disrupted shipping routes, higher energy costs and uncertainty in major export […]
Op-Eds Opinion
The irony is too perfect. The Indian government banned online rummy, poker, and fantasy sports calling them “gambling,” thereby forfeiting nearly ₹20,000 crore in annual tax revenue. And yet, at the same time, it has embarked on its own gamble — GST 2.0 — giving up another ₹50,000–70,000 crore in revenues, all while running a […]
International
External Affairs Minister S. Jaishankar has raised concern over India’s widening trade deficit with Russia during his visit to Moscow. Speaking at the 26th India–Russia Intergovernmental Commission meeting, he said that while bilateral trade has expanded rapidly, the imbalance has become unsustainable. Trade Growth and Deficit Figures Bilateral trade has grown from $13