“Electronics manufacturing alone can contribute USD 1 trillion to India’s economy by 2025,” said Ravi Shankar Prasad, the Minister of Communications, Electronics and Information Technology, at an event organized by ASSOCHAM. The manufacturing of electronic devices including mobile phones and components, laptops, tablets and TVs has the potential to contribute…
The year 2020, which saw the widespread outbreak of coronavirus, has been very challenging for people across the world in many aspects. Till date, coronavirus has led to the death of around 1.45 million people in the world. It has resulted in a sudden fall of economies across the world,…
China is one of the largest trading partners of India. According to the Ministry of Commerce and Industry, India’s trade with China during 2018-19 was USD 87.07 billion, out of which the value imports was USD 70.32 billion. India’s exports to China during 2018-19 stood at 16.75 billion, signifying the…
Over the last many years, successive Indian Governments have tried to improve India’s Balance of Trade and protect domestic industry by incentivizing exports and restricting imports. These have taken the form of Export incentives to try and boost exports through measures such as Cash assistance, Export subsidies, EOUs and SEZ,…