76 results found
The dependence on Russian exports will most likely disappear if current TIV trends continue.
Coal India Ltd. (CIL) has not been able to supply the committed quantity of coal to the powerproducers, forcing them to source coal from other countries. Apart from this, many coal blockswhich should have been in operation by now are yet to come on-stream.
India needs to carefully devise strategies to diversify its oil import sources.
With its emphasis on decreasing India’s ICT import duties across the board, the US is in a way batting with China against India, not realising that
The drastic and sudden drop in Venezuelan and Iranian oil exports to India in 2019-2020, due to the looming threat of US secondary sanctions, is the latest supply chain disruption to India’s energy security. To avoid similar disruptions in the future, India must act decisively to increase its Strategic Petroleum Reserves to meet at least 90 days of emergency oil stocks, and combine lobbying efforts between India’s private and public oil compa
The Maldives and Sri Lanka show how they can bargain with bigger powers to their advantage.
With the imposition of sanctions on Iran, India is left with two options: either find other avenues of oil imports or risk facing the US sanctions.
India can advance solutions and drive international consensus on critical issues related to priority sectors such as food and energy in the Bay of Ben
The western sanctions imposed on Russia has affected the oil imports made by India and has therefore adversely impacted the economy.
Trade and investment promotion policy of China was largely driven by mercantilism — promoting exports more than imports by adopting protectionist po
India stands a good chance to benefit from the shift in global trade triggered by the pandemic, and could fill in the vacuum by supplying West Asian c
This paper dissects the causes behind Pakistan’s ongoing economic crisis. The causes include dwindling forex reserves, the phenomenon of ‘galloping inflation’, a falling Pakistani Rupee, uncompetitive and undiversified export basket, burgeoning external debt, lack of fiscal prudence, debt distress, and a worsening business environment—all cascading to a balance of payment crisis. While austerity measures, appeals for loan rollover to debt
As the world grapples with uncertainty in the post-COVID-19 era, China appears to be focusing on bolstering its rural economy. China claims to have brought nearly 100 million people out of poverty since 2012, but the regime feels that unbalanced development can jeopardise the gains of poverty alleviation. The widening economic gap could also foment unrest in the rural areas. Additionally, the government believes that the reliance on grain
Reflecting the current geopolitical realities, India’s position on Iran’s oil import vastly differs from its position on Russia
The main culprit for the sharp rise in the current account deficit is the increase in gold imports and the hefty payment for oil imports. People are buying gold because they are apprehensive about the outlook on inflation. They think of gold as a reliable asset whose value has appreciated the most in the past few years.
Since the trade war began, a sharp decline has been seen in China’s LNG imports from the US.
The week's news, trends and analyses from India's energy sector.
Oil is critical to India as it imports almost two thirds of its need, constituting 37% of its total imports. A $1 drop in oil prices could approximately save 40 billion rupees. The drop in oil prices currently looks like a blessing for India, but there could be some downslides too in the long run.
As Delhi focuses on managing Washington's pressure to reduce oil imports from Iran and avoid the imposition of unilateral U.S. economic sanctions on India, it could easily miss the unfolding power play in the Gulf between Tehran and Riyadh.
In the current and preceding years, the government has been trying everything to limit gold imports to control the current account deficit. Yet this commodity has one of the largest share in terms of exemption given. In 2012-13, the estimated amount of custom duty foregone for diamond and gold would be Rs 61,035 crore or 20.5% of the total revenue foregone.
The global shift in coal consumption towards Asia, led by China and India, signifies a looming peak in coal demand by the early 2030s.
As India’s competitive efforts to augment itself as a global manufacturing hub expand, AITGA’s future success is critical to addressing its unfavo
The current trade scenario suggests that the nationalistic notions of bringing China to its knees — by boycotting Chinese goods — has been a flop.
The policy-oriented approach that the partners have adhered to in furthering their cooperation in the energy sector is a testament to the strength and
The new arrangement, if adopted, could potentially shield bilateral trade from the restrictions imposed against Russian companies.
The fall in prices and the strengthening of international financial linkages will allow India to attain a current account surplus
Prime Minister Narendra Modi's government has launched many reforms under the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives to strengthen India’s moribund defence industry. These reforms have led to some visible improvements, as evidenced by increased defence production and exports, and a large bank of in-principle government approvals for future domestic production. However, several challenges persist that require urgent attenti
Global energy markets have battled continuous uncertainty over the past three years, disrupted first by the Covid-19 pandemic in 2020 and 2021, and by Russia’s invasion of Ukraine in 2022. India has been adept at navigating both these disruptions, using economic diplomacy to position itself favourably in the geopolitics of oil. New Delhi’s delicate balancing of its political relationship with both Washington DC and Moscow has been accompanied
This year, India's and China's crude oil imports from Iran has risen sharply - up by 43% year-on-year basis and 36% year-on-year basis respectively, according to a Reuters report. World's oil giant companies have also shown interest to return to Iran. Do these indicate that Iran has turned the bend and worst phase of sanctions is over?
Many see China to be practicing a new form of imperialism in Africa as it imports primary goods from Africa and exports manufacturing goods to Africa, without transferring skills to the continent. And China-Africa ties are not free from challenges. There is also immense potential.
This paper examines two types of waste on which India can explore transboundary waste-trade opportunities and challenges: farm-produce waste and municipal solid waste. Using lessons learnt from trade between other countries, the paper argues that while India can augment its economy through increased waste exports or imports, certain conditions must be met for India to benefit from sustained international waste trade practices. The paper recommend
Growth in demand for LPG is slowing down and supply challenges could add to the pressure on demand for LPG in India.
As Maldives faces a complex economic landscape driven by import dependencies and fiscal policy challenges, strategic policymaking is imperative
At this juncture of weak economic performance, India has done well not to sign the treaty. It can still join if its main complaint about rapid tariff reduction by 80 to 90 per cent on imports from China is resolved. Also, its concerns about services have to be dealt with, especially regarding the movement of service workers within the region. India could not at this point have opened its huge market to ASEAN and China unconditionally.
With depleted forex reserves, rising imports, and soaring balance of payments imbalances, many fear that Nepal is heading towards a full-blown economi
Saudi Arabia has been seemingly distancing itself from Pakistan, as there have been various instances of it forging strategic business ties with India
Has crude and petroleum pricing evolved into the black hole of tax revenue?
This brief assesses the recent trends in India’s defence exports and analyses the institutional and policy frameworks that have enabled a change in the country’s approach towards defence exports, resulting in an upward trajectory. It offers specific policy recommendations to allow India to pursue its target of US$5 billion in defence export revenue. However, a discussion on the types and forms of weapons, platforms, systems, or sub-systems ex
India's new GDP data speaks of robust growth (6.9%) rather than of policy paralysis and industrial decline in 2013-14. But even Chief Economic Advisor Arvind Subramanian is not convinced by the new data. Because, other indicators do not seem to corroborate the high rate of growth, especially when imports actually declined last year.
Amidst the ongoing Sri Lankan economic crisis, the need of the hour for the present government is to plan and take steps for reform.
The Seychelles’ geographical advantages have given it economic gains from its main Blue Economy (BE) sectors—fisheries and tourism. However, overexploitation and unsustainable management practices have placed undue pressure on these resources. In 2018, the country conceived a sustainable ocean-based development pathway—the Seychelles’ Blue Economy Strategic Framework and Roadmap. Various socio-economic and environmental challenges threate
