The India-EFTA free trade agreement heralds a new phase of trade policy, allowing India to shift its gaze to sustainability from tariff reduction - Issue Date: Apr 14, 2024
WTO backs remittance cost cut: Reduced transaction costs for trade and business can make Indian businesses more competitive, contributing to overall growth. Lower costs could incentivise formal money transfer channels, potentially reducing reliance on informal methods.
The recent G20 summit in New Delhi showcased India s growing influence in global fora, with the theme "One Earth, One Family, One Future" highlighting the importance of environmentally sustainable and responsible actions for green development. To sustain India s influence, follow-up measures should be announced in the upcoming Union Budget 2024-25.