The country's agri exports are expected to cross USD 50 billion in 2024-25 on account of healthy demand and lifting on curbs on non-basmati rice, an official said on Tuesday. The official said export curbs on rice, wheat, and sugar impact agri exports to the tune of about USD 6-7 billion.
India and Russia have set ambitious targets for their economic relationship, with a focus on achieving USD 100 billion in annual bilateral trade by 2030. According to External Affairs Minister S. Jaishankar, the two nations are confident that this goal will be achieved well ahead of schedule, underlining the growing significance of their ties on the global stage.
Commerce and Industry Minister Piyush Goyal emphasised the need for collective action to achieve India's ambitious export target of USD 2 trillion by 2030, speaking at the annual convocation of the Indian Institute of Foreign Trade (IIFT) on Monday.
'India should be a part of RCEP and CPTPP,' according to B V R Subrahmanyam, CEO of the National Institution for Transforming India (NITI) Aayog, the Indian government’s top public policy think tank and nodal agency for catalyzing economic development.
Trade relations between India and Russia are seeing a renewed focus on local currency transactions and the balance of trade.
Commerce and industry minister Piyush Goyal Monday said that collective effort is required to achieve the 'big' exports target of $2 trillion by 2030 and said that non-tariff barriers should be studied which will help India’s free trade agreement negotiations.
To give the ailing agricultural sector a boost, the Chandrababu Naidu Government has proposed a novel campaign called Polam Pilustondi (the field is calling), making officials of the Agricultural Department, agricultural scientists and people’s representatives to hit the fields to understand the problems being faced by farmers and solve them there and then itself.