Global supply chains have faced significant disruptions due to congestion caused by Red Sea diversions, resulting in soaring container rates, and creating challenges for businesses worldwide. Attacks by the Houthis on ships led to the United States and allied responses, causing chaos in maritime trade. India’s small and medium-sized businesses, especially exporters, are bearing the […]
Worldwide demand for eco-friendly vehicles is witnessing double-digit growth over the year. This could be observed from traditionally fuelled power to electric run engines. And, opens the door for a billion dollar market for EVs and the business directly or indirectly associated with it. In Western countries, Chinese exporters of zero-emission vehicles have successfully replaced […]
Key Insights Recently, the world’s most advanced trade bloc, G7 held a meeting in Italy, contributing to 41% of the global merchandise trade. During the G7 members have made it clear that they will promote the work of IMEC (India-Middle-East- Economic Corridor), food security, and focus on infrastructure investment. Despite their effort to establish a […]
Global demand and supply for agricultural products and fruits is projected to continue increasing in 2024 due to rising consumption across regions. In terms of trade, the largest gainers in 2023 were rice, and sugar in the agricultural category, and apples, berries, pears, grapes, mangoes, melons, and bananas in the fruit category. This research report […]
India has taken one step forward to expand trade with Central Asian countries by signing a crucial Chabahar Port agreement with Iran for 10 years. The Chabahar Port is located on the Gulf of Oman and is a crucial gateway for Indian commodities to access landlocked Afghanistan and Central Asia. This will be accomplished through […]
China and Russia are likely to discuss the agenda of de-dollarization in BRICS 2024 as both countries have agreed to use local currencies up to $260 billion. To counter the plan of two influential BRICS members in favor of de-dollarization, the United States is playing the sanctions card against China and Russia. What will be […]
In a recent geopolitical event, Iran shocked the world with potential disruption in worldwide oil supply by blocking the strait of Hormuz. This strategic place controls around 30% of the global oil supply and 20% of natural gas exports to the world, passing through this strait. The Strait of Hormuz is one of the biggest […]
The United States of America expressed concerns regarding India’s import regulations for specific information and communications technology (ICT) products such as automatic processing machines, and PCs. This concern arises amidst India’s decision to restrict the influx of such items. So, importers must obtain authorization for certain IT hardware imports. How much does India depend on […]
The US, one of the key players in world trade across the regions, has overridden Qatar and Australia to secure the top position as the global supplier of LNG. The significant rise in the export of LNG from the USA demonstrates the shift in the demand for energy from crude oil to sustainable sources of […]
Highlights The traffic through the Maryland port has been disrupted after the collapse of Baltimore’s Francis Scott Key Bridge, after being struck by the container ship on 26th March 2024. This port is the major hub for warehousing and transhipment of commodities on the US East Coast. The port of Baltimore near the bridge is […]
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