Finance Minister Nirmala Sitharaman in an exclusive interview with The Economic Times' Deepshikha Sikarwar outlined the mounting challenges ahead, emphasising the need for increased policy certainty amidst rising uncertainties and supply chain disruptions. 

India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has surged, more than doubling since the implementation of the Free Trade Agreement (FTA) in 2010.

India is trying to restart work at the WTO on the long-pending permanent solution for public stockholding subsidies, for smooth running of programmes such as the MSP, after the recent Ministerial Conference in Abu Dhabi failed to deliver results, but some countries, including Brazil and the US, are trying to defer the matter, sources have said.

Union Finance Minister Nirmala Sitharaman said here on Tuesday that India has been the fastest growing economy in the last three consecutive financial years and this growth can continue in the coming years as well. She said the next 25 years will be critical for India.

India has allowed a limited quantity of onion exports to the United Arab Emirates (UAE) and Sri Lanka, at a time when the staple vegetable's outward shipments have been kept under restrictions.

The UK government on Tuesday said that it continues to work towards striking an 'ambitious' trade deal with India as a negotiating team from Delhi resumed talks with their British counterparts in London this week.