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Foreign direct investment (FDI) in India has reached 2% of GDP, compared with 0.1% in 1990, and Indian investment in other countries rose sharply in 2006. [18]As the third-largest economy in the world in PPP terms, India is a preferred destination for FDI; [19] India has strengths in information technology and other significant areas such as auto components, chemicals, apparels ...
As of 2023, India is the seventh largest exporter of commercial services in the world, [12] accounting for 4.6% of global trade in services. India's service exports grew by 27%. [13] In September, India's prominent services industry experienced an acceleration in growth, buoyed by robust demand in the sector.
A global consortium of semiconductor industry groups has asked India to reconsider its plan to push for duties on cross-border digital e-commerce and data transfers at an upcoming global trade ...
2014: Trade and development: recent trends and the role of the WTO; 2015: Speeding up trade: benefits and challenges of implementing the WTO Trade Facilitation Agreement; 2016: Levelling the trading field for SMEs; 2017: Trade, technology and jobs; 2018: The future of world trade - How digital technologies are transforming global commerce
The WTO will need a different modus operandi for the new issues of the digital economy, such as AI regulation, subsidy policy, supply chain reformulation, and the scope of national security.
The commerce ministry, which is leading India's negotiations at the WTO, declined to comment. Global fishing subsidies are estimated at $35.4 billion, according to a 2019 study published in Marine ...
India's growing economy, strategic location, a mix of friendly and diplomatic foreign policy and large and vibrant diaspora has won it more allies than enemies. [57] India has friendly relations with several countries in the developing world. Though India is not a part of any major military alliance, it has a close strategic and military ...
ASEAN-India Trade in Goods Agreement: CECA ASEAN: 13 August 2009 1 January 2010 [7] ASEAN-India Trade in Services Agreement: November 2014 1 July 2015 [7] [19] ASEAN-India Investment Agreement: November 2014 1 July 2015 [7] [19] Global System of Trade Preferences (GSTP) PTA 41 countries 13 April 1988 19 April 1989 India Mercosur Preferential ...