India, Free Trade
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Commerce Secretary Sunil Barthwal says for strategically important products, especially those where domestic capacity is being built under Make in India, PLI, concessions in FTA are provided over periods of five,
India's economy continues to hold up against a global flux, dealing with the impact of geopolitical tensions and trade uncertainties, the Reserve Bank of India said in its monthly bulletin released on Wednesday.
India is projected to add $1 trillion to its GDP every 12–18 months to 2047. With this momentum, India is targeting a $30 trillion economy by 2047.
Indian auto industry praises India-UK FTA for boosting global economic engagement, providing market access for car makers.
The historic trade deal is expected to provide comprehensive market access for Indian goods across all sectors.
India's economy will be the third largest in the world by 2028 and its size will double to $10.6 trillion by 2035, a Morgan Stanley report said. The report estimates that this forecast includes the possibility that three to five states will have economies worth around $1 trillion,
India’s economy was worth $3.7 trillion in 2023, making it the world’s fifth largest, having jumped four spots in the rankings during Modi’s decade in office.