Impact of Red Sea crisis on trade will be seen in FY25, says think tank

Impact of Red Sea crisis on trade will be seen in FY25, says think tank

New Delhi: The Red Sea crisis has become a major threat to global trade and its impact on trade volumes will become visible in FY25, according to a report released on Tuesday by the Global Trade Research Initiative (GTRI), an economic think tank. The crisis began when Houthi militants attacked civilian-operated cargo ships near the …

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From UK to Peru, every nation wants to sign FTA with India to gain access to growing market, says report

From UK to Peru, every nation wants to sign FTA with India to gain access to growing market, says report

India’s rapidly growing market and economy have made it a lucrative option for developed as well as developing countries for free-trade agreements (FTAs), and countries such as Oman, Peru, Europe, and the UK are keen on signing the pact, according to a report by economic think tank Global Trade Research Initiative (GTRI). The economic think …

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