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 »
Globalization has led the whole world as a single market. Small to large players try to put the cut-throat competition to the world players. This competition always demands the best import and export practices. However, there are certain procedures a business requires to fulfill to get the legal route for import and export. IEC, or… Read More »
Gold Imports in India contribute a significant value to the economy. There are import duties that the Indian government imposes on gold. These duties were increased to decrease the gold import as India imports tons of gold for personal use. Gold prices in India shot up immediately as soon as the government announced the hike.… 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 »