The Brics+ grouping of nations like India, China and Russia is rapidly increasing its share in global merchandise exports and imports and is expected to surpass G7 group by 2026, EY India said in its latest edition of EY Economy Watch.

The back-to-back visits to India by German Chancellor Olaf Scholz and Spain’s Prime Minister Pedro Sánchez indicate an attempt by New Delhi to engage with Europe’s biggest economies bilaterally. 

Spanish President Pedro Sanchez on Tuesday said he looks forward to advancing EU-India FTA negotiations, highlighting the 'enormous' potential for a stronger relationship between India and the 27-nation European Union bloc, including Spain. The European Union (EU)-India proposed a free trade agreement (FTA) aimed at further boosting bilateral trade and investments between the two regions. 

Bangladesh’s trade with India will stabilise despite recent disruptions and a temporary decline in commerce between the two neighbouring countries, Md Hafizur Rahman, the administrator of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) told ANI on late Monday evening. Rahman further expressed confidence that current challenges, including currency fluctuations and political shifts, would not create lasting setbacks in trade with India.

As of 28th October 2024, a total quantity of 65.75 LMT of paddy has arrived in the mandis out of which  60.63 LMT have been procured by state agencies and Food Corporation of India (FCI). An amount of Rs 12200/- crore has been released to the farmers in Punjab directly to bank accounts as of 28th October.

The Union Government has reportedly decided to include four new components – Hydroponics, Aquaponics, Vertical Farming, and Precision Agriculture – under the Mission for Integrated Development of Horticulture (MIDH) – a Central Sponsored Scheme (CSS) that promotes the cultivation of fruits, vegetables, root and tuber crops, mushrooms, spices, flowers, aromatic plants, coconut, cashew, cocoa and bamboo.