Globalization has made the world one single market, leading to increased transportation of goods and services. However, transportation is increasing day by day. Do you know that various procedures are associated with this transportation process? There are two documentation and five physical shipping procedures, which we must learn while learning about the shipping procedures. Increase… Read More »
Exports in India have seen tremendous fluctuations, especially in the recent two years. As India contributes around 3% of the global GDP, it is expected to have a huge export ratio in this value. But, at present, only 1% of the Manufacturing Export of India in the world economy. However, as per estimates, with various… Read More »
Free Trade Agreement is an agreement which allows businesses to conduct easy business transactions with partner countries. It is an agreement which allows a partner country to conduct business with certain benefits like free from tax, tariffs, and inclusion of subsidies, and other prohibitions. Free Trade Agreements impact various stakeholders, like importers, exporters, and governments.… Read More »
India managed to open its economy through LPG (Liberalisation, Privatisation and Globalisation) reforms. There has been an increase in imports and Export among countries from Indian businesses after this liberalization. Businesses require various resources to ensure that there is a smooth flow of goods and services among the countries; therefore, there was the establishment of… Read More »
Russia and Ukraine invasion is quite beneficial for the country of India in terms of export and import of wheat. Both the countries produced wheat in surplus. Their non ending fights have left the other countries with no option but to import wheat from other countries. India being one of the major wheat producing countries… Read More »