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Escalation in US-China trade war likely to help India increase exports: GTRI The Global Trade Research Initiative (GTRI) has said that the escalation in the US-China trade war is expected to help India increase its exports and attract investments from American companies. It said that last month, the US Senate introduced two bills that could intensify the trade war and have major global economic impacts if passed. GTRI stated that the 'Neither Permanent Nor Normal Trade Relations Act' (PNTR Act) and the 'Axing Non-Market Tariff Evasion Act' (ANTE Act...
Escalation in US-China trade war likely to help India increase exports: GTRI
Escalation in US-China trade war likely to help India increase exports: GTRI
Source: Accord Fintech
2024-10-07 11:47:23 am
India`s diamond sector facing severe crisis: GTRI Global Trade Research Initiative (GTRI) has said that India's diamond sector is facing a severe crisis as both imports and exports have sharply declined in the past three years, which has triggered defaults, factory closures, and widespread job losses. It said that while export returns have surged, a large inventory of unprocessed rough diamonds is piling up due to reduced orders and growing competition from lab-grown diamonds. GTRI Founder Ajay Srivastava said ‘This has triggere...
India`s diamond sector facing severe crisis: GTRI
India`s diamond sector facing severe crisis: GTRI
Source: Accord Fintech
2024-09-19 10:40:57 am
Falling prices, eroding consumer trust, imports major challenges for lab-grown diamond industry: GTRI The Global Trade Research Initiative (GTRI) has said that significant fall in prices, eroding consumer interest and competition with imports are some of the major challenges being faced by the domestic lab-grown diamond industry. It also said that while India faces the issue of production overcapacity, it continues to import lab-grown diamonds in large amounts and this issue needs deeper investigation.  To address these challenges, GTRI said the government needs to take certain steps ...
Falling prices, eroding consumer trust, imports major challenges for lab-grown diamond industry: GTRI
Falling prices, eroding consumer trust, imports major challenges for lab-grown diamond industry: GTRI
Source: Accord Fintech
2024-08-12 11:31:29 am
Implementation of reforms like simplification of customs duty structure, GST to push India`s growth: GTRI Economic think tank Global Trade Research Initiative (GTRI) has said that implementation of key strategic reforms such as simplification of customs duty structure, Goods and Services Tax (GST), and not incentivising low value-added electric vehicles would help India ensure its sustainable development and inclusive growth. It also said that India is standing on the cusp of a transformative era and there is an urgent need for comprehensive economic reforms. It said ‘from simplifying the c...
Implementation of reforms like simplification of customs duty structure, GST to push India`s growth: GTRI
Implementation of reforms like simplification of customs duty structure, GST to push India`s growth: GTRI
Source: Accord Fintech
2024-06-14 11:38:54 am
Reducing import duties on goods to help govt cut down need for many of existing export schemes: GTRI The Global Trade Research Initiative (GTRI) has said that reducing import duties on inputs and capital goods could help the government cut down the need for many of the existing export schemes. This would be an important step as India continues to face challenges in managing these incentives within the framework of international trade laws. Many countries, including major trade partners of India like the European Union (EU) and the US continue to declare Indian schemes as subsidies and punish...
Reducing import duties on goods to help govt cut down need for many of existing export schemes: GTRI
Reducing import duties on goods to help govt cut down need for many of existing export schemes: GTRI
Source: Accord Fintech
2023-11-28 12:56:19 pm
Banking issues hindering growth of e-commerce exports from India : GTRI report The Global Trade Research Initiative (GTRI) in its report has said that banking issues like reluctance to process forex received through alternate channels and high processing fees are hindering the growth of e-commerce exports from India, and there is a need to bring mindset change to unlock the sector's potential. Unlocking India's e-commerce export potential to $350 billion by 2030 requires addressing banking issues that hinder growth and increase operational costs.To initiate change, the ...
Banking issues hindering growth of e-commerce exports from India : GTRI report
Banking issues hindering growth of e-commerce exports from India : GTRI report
Source: Accord Fintech
2023-09-20 12:02:53pm