Will CBAM be a game changer for Global Trade?
European Union policy makers reached a landmark deal to slap an emissions levy on imports, in an attempt to ensure the bloc’s green overhaul doesn’t leave its industries at a disadvantage. The European Parliament thrashed out key details of the so-called Carbon Border Adjustment Mechanism (CBAM). The idea is that carbon-intensive industries forced to comply
India’s GDP Growth @ 6.3% & Future of Trade by 2030?
Global trade is set to grow by 70%+ by 2030, with a shift towards more inclusive and sustainable practices. Trade policy, for its part, is evolving in step with this transformation. Bi-lateral, regional and multilateral trade deals, the bread and butter of trade policy, are being upgraded and modernized to accommodate new realities. But technological
How can SME’s look at Cross-border Trade for Growth?
The advent of the COVID-19 pandemic created a deep divide between businesses and consumers. This brought a sense of urgency for businesses to adopt technology to fill the gap and opened unexplored opportunities of growth and many of them, including small and medium enterprises (SMEs), started exploring new ways to optimise business processes and engage
Is India a better partner to an uncertain World?
Inflation-Recessionary world, Ukraine-Russia War, and Climate Change are making the World a bit grim. The World Bank painted a gloomy picture of the global economy heading toward deep recession (in 2023), as central banks across the world simultaneously hike interest rates to combat persistent inflation. However, Oil prices continued to plummet, plunging to their lowest
Are 70% of American CEOs relocating operations near the US?
A Kearney survey in March 2022 found that 92% of American manufacturing executives were positive about bringing factories home, compared with 78% the previous year. Among CEOs, 70% said they were assessing, planning, or completing the relocation of operations to regions near the U.S., such as Mexico, Canada or Central/Latin America. Apart from traditional destinations
Globalisation, recession, and India turn 75 Years?
Like it or not, we live in a globalized world. How you define or measure globalization can differ, but it means greater financial integration among countries, as well as more political cooperation, immigration, and trade of goods and services. In all these domains, globalization has been on the rise until recently. 15th August 2022 will