Many states in India recently received GI tags for their contribution to textile, agricultural products and even food items. Also known as Geographical Indication, these tags assign a special status or a certification of a product hailing from a particular place and give them the right to produce them in large quantities and expand the market to receive profits.
The Food and Drug Administration continues using import alerts to enforce U.S. food safety regulations for food from foreign countries. The agency updates and modifies the alerts as needed.
India will surpass Japan and Germany to emerge as the third-largest economy and also the third-largest stock market in the world in the next five years, India's G20 Sherpa and former NITI Aayog CEO, Amitabh Kant said on Thursday. Speaking at a conference on 'The Deccan Conversations, Accelerating Our Growth Story', organised by the Confederation of Indian Industry (Southern Region), he said India has been growing in the last three quarters at 8.3 per cent plus and has emerged as a very 'resilient powerhouse' during this period.
