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India’s exports to China stood at only USD 13.4 billion, but imports aggregated to USD 76.4 billion in 2017-18, leaving a trade deficit of USD 63 billion. It was USD 51.11 billion in 2016-17. India had suggested China for renminbi-rupee trade to boost its exports and tackle the widening trade deficit concern. China Read More…
The US has told various countries, including India, to cut oil imports from the Persian Gulf nation to “zero” by November 4 or face sanctions. India, which is the second biggest purchaser of Iranian oil after China, is willing to restrict its monthly purchase to 1.25 million tonnes or 15 million tonnes in a year Read More…
Prime Minister Narendra Modi and Russian president Vladimir Putin met on Friday for the 19th India-Russia annual bilateral summit and the two sides signed eight pacts after talks between the leaders. Modi said that talks with Putin have given a new direction to the bilateral strategic partnership and Russia has always been a part of India’s growth Read More…