Steps such as increasing exports, making local currency trading workable and a free trade agreement with the Eurasian Economic Union will help boost trade between India and Russia, think tank GTRI said on Thursday. India should not worry over the trade deficit, as it is getting crude petroleum oil at cheaper than market rates from Russia and it is also cutting India's overall oil import bill, the Global Trade Research Initiative (GTRI) said.

With global supply chain leaders exploring new territories to diversify their supply chain locations, the government in India is intensifying its efforts to realise its ambitious plan of transforming the country into a global export hub, aiming to offer the world an alternative global supply chain destination.

India securing the rights to manage a terminal at Mongla port in Bangladesh promises to be a game changer for the region as it enhances trade connectivity and solidifies the country’s strategic footprint in the region.

India is seeking significant duty cuts in a large swathe of its exports to South Korea as it launches into a review of its free trade agreement with the Asian economic powerhouse.

India’s aim to clock bilateral trade of $100 billion with Russia by 2030 seems achievable, think tank Global Trade Research Initiative (GTRI) said Thursday, adding that increasing exports, making local currency trading workable and a free trade agreement with the Eurasian Economic Union will help boost trade.

Union Agriculture and Farmers’ Welfare Minister Shri Shivraj Singh Chouhan inaugurated the 96th Indian Council of Agricultural Research Foundation and Technology Day 2024 at New Delhi today.

India, Indonesia and Australia on Tuesday reaffirmed their commitment to work towards a free, open and rules-based Indo-Pacific. The overall situation in the Indo-Pacific came up for review at a 'focal points' meeting of the India-Indonesia-Australia trilateral dialogue.