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India has high tariffs that lock out imports, U.S. President Donald Trump's top economic adviser Kevin Hassett said on Monday, adding that India's prime minister had a lot to discuss with Trump ...
By the first half of June 2020, India's fuel demand was 80–85% of what it was before the lockdown. However the Indian oil minister said that it would take a much longer time for the growth in demand to be restored to pre-COVID-19 levels. [225] Oil prices dropped sharply in 2020 following the COVID-19 pandemic. Demand also fell sharply.
[11] [12] A COVID-19 Economic Response Task Force was also formed. [13] [14] The COVID-19 Economic Response Task Force was tasked with formulating and implementing policies and measures to minimize the economic impact of the pandemic on various sectors in India. Union and state governments set up national and state helpline numbers. [15]
India is the second biggest oil importer after China and is highly dependent on imported crude oil. [27] The net imports of crude oil rose from 171.73 Mt during 2011–12 to 226.95 Mt during 2020–21. The net imports of natural gas increased from 18 BCM in 2011–12 to 32.86 BCM in 2020–21, recording a CAGR of 9.44%.
India has removed import duties on some components key to producing mobile phones, Finance Minister Nirmala Sitharaman announced in the annual budget on Saturday, in a boost for local production ...
Malaysian palm oil futures could fall below 2,500 ringgit over coming weeks if the spread of a deadly coronavirus in China continues to disrupt travel and normal activity in the world's second ...
Prime Minister Narendra Modi chairing a video conference with the state Chief Ministers on May 11, 2020. The Indian state governments have responded to the COVID-19 pandemic in India with various declarations of emergency, closure of institutions and public meeting places, and other restrictions intended to contain the spread of the virus.
In the 18 months following containment of the initial outbreak in Wuhan, two COVID-19 deaths were recorded. [512] [513] In December 2022, the Chinese government ended its zero-COVID policy and mass testing following protests across the country. [495] In 2020 and 2021, China was the largest exporter of COVID-19 critical medical products.