India’s trade deficit with China rose to $52.69 billion in 2015-16, from $48.48 billion in the year before, Parliament was informed on November 28. Commerce Minister Nirmala Sitharaman told the Lok Sabha in a written reply that during the April-September period of the current fiscal, the de…
Tag: World Trade Organization (WTO)
Focus on home, world does not need another low-cost exporter
Globalisation has been on the ascent since the collapse of the Berlin Wall, with the free flow of trade and capital benefiting both the developing and the developed world. India has more than tripled its per capita income since joining the global economy in 1991. Within a decade and a half of joi…
Development of ecommerce good for growth: WTO
Ecommerce can play a pivotal role in fostering growth and raising living standards, particularly for developing countries, the World Trade Organization (WTO) has said. “By reducing the trade costs associated with physical distance, ecommerce allows businesses to access the global marketplac…