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India-Maldives Tensions – Maldives Trade with India Down and China Up

With the ongoing tensions between Maldives and India, Maldives’s trade relations with China are getting better. Maldives is focusing on importing more goods from China, instead relying on India. Recently, Maldives has signed new agreement with China to boost their trade relations. Following Maldives criticism of India, the new government of Maldives has put restrictions on importing goods from India.
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India Trade

Budget 2024 & Blue Economy 2.0 – Coastal Aquaculture & Mariculture Expansion

India is aimed at promoting climate-resilient activities and sustainable development in coastal areas. In interim budget 2024, the minister has announced unveiled plans for the launch of Blue Economy 2.0. The scheme will focus on restoration and adaptation measures, as well as the expansion of coastal aquaculture and mariculture, adopting an integrated and muti-sectoral approach.
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India Trade

India’s Key-Focused Products for Trillion-Dollar Export by 2030

Ever wondered what plays an important role in the country’s ambitious goal of achieving trillion-dollar exports of goods and what are the driving forces behind export dominance in the global market? Let’s explore this with the help of India’s ambitious target of trade exports. India, the fastest-growing economy in the world, 3rd largest in purchasing power parity and 5th largest in nominal GDP, set an ambitious target to achieve $1 trillion in exports by 2030. States have also joined with their vision of a trillion-dollar-state GDP to accelerate the process.
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India Russia Trade

Chennai-Vladivostok Sea Corridor Crucial for India-Russia Trade Ties

Trade volumes between India and Russia have witnessed an uptick especially after Russia’s invasion of Ukraine, owing to the record exports of Russian oil and oil products. This volume is likely to further increase with an agreement between the countries on building Chennai-Vladivostok shipping route which is likely to cut time by half. India’s imports from Russia totalled USD 40.6 billion and India’s exports to Russia totalled USD 2.9 billion in 2022.
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