Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves rose by USD 1.02 million to USD 30.38 billion.
In the wake of trade protectionist measures and rising risks because of coronavirus, a number
Rising religious tensions may make it easier for investors to turn their backs on India as the economy stutters, according to Simon Chauchard, Assistant Professor of Political Science at Leiden University.
Bilateral trade stood at nearly 88 billion dollars in 2018-19 fiscal
Last week, India’s cabinet cleared $2.6 billion purchase from Lockheed Martin Corp. of 24 multi-role MH-60R Seahawk maritime helicopters to Indian navy.
With big publicity campaigns under way for Expo 2020 Dubai, the expectation here is that the number of Indians visiting the UAE this year and the next will reach record levels.
Saudi Arabia, the U.A.E. and Kuwait are the biggest producers in the GCC and are all OPEC members. Risks differ for the GCC states, which also include Qatar, Oman and Bahrain.
The focus on standards and quality will facilitate exports of quality products from India fetching better unit realisation and enabling Indian manufacturers to meet the technical standards
Trade between the two countries will grow to USD 15 billion by 2022.
Last week, India imposed restrictions on imports of refined palm oil and palmolein in the backdrop of adverse remarks by Mahathir on the new citizenship law and the Kashmir issue.
Photo: Reuters