Finance Minister Nirmala Sitharaman in an exclusive interview with The Economic Times' Deepshikha Sikarwar outlined the mounting challenges ahead, emphasising the need for increased policy certainty amidst rising uncertainties and supply chain disruptions.
There has been good market access offered on both sides but not enough to secure a free trade agreement (FTA), the UK government has said as Indian negotiators are in London this week to continue discussions with their British counterparts.
A total of 50 private sector rice importers have already got the government approval to import the amount of rice which includes 91,000 tonnes of boiled and another 33,000 tonnes of non-boiled Atap rice.
India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has surged, more than doubling since the implementation of the Free Trade Agreement (FTA) in 2010.
Over 60 products from across India, including the famous Banaras Thandai, have been given the Geographical Indication (GI) tag. This is the first time such a large number of GI tags have been given at a go, a senior official from the Geographical Indications registry said. He also said that more States were coming forward and filing applications to get a GI tag for some of their traditional and historic products.