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Morgan Stanley's Chief Asia Economist Chetan Ahya said this. India's economy can grow rapidly. But it will take time for India to overtake its arch rival China. India's economy will continuously grow at the rate of 6.5% to 7% for the next few years. Due to this, it will take a long time for India to overtake China in the manufacturing sector. Morgan Stanley's Chief Asia Economist Chetan Ahya said this. Chetan Ahya said that China had maintained its economic growth at 8% to 10% in the long term, but it is difficult for India to maintain this growth…

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Ashwini Kumar, elected president of FIEO, the apex organization of exporters, said this on Tuesday. Despite geopolitical challenges like the Red Sea crisis, the country's merchandise exports are expected to reach US $ 450 billion by the end of the current financial year. Ashwini Kumar, elected president of FIEO, the apex organization of exporters, said this on Tuesday. He said that the challenges posed by the Red Sea crisis can be resolved by a rational increase in marine insurance and freight charges. Kumar said that to boost the country's exports, the export sector needs easy and low-cost credit and…

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Union Finance Minister Nirmala Sitharaman addresses an audience at the Shrimati Indira Gandhi College in Tiruchirappalli on March 16, 2024. | Photo Credit: ANI Union Finance Minister Nirmala Sitharaman on March 16 said India needs economic freedom to achieve developed nation status by 2047 and assured that the country would move to the third spot in the world economy from the current fifth position in the near future.Criticising those who compared India with China, Ms. Sitharaman said that certain things could not be replicated from them. “India should attain self-sufficiency on economic matters. It should become an economic power. The…

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During April-January in the current financial year (2023-24), the export of natural honey has been recorded at 15 crore 32.1 lakh dollars. The government on Thursday imposed a minimum export price (MEP) of $2,000 per tonne on natural honey till December this year. The notification in this regard will come into effect with immediate effect. Honey export below this Minimum Export Price (MEP) will not be allowed. The Directorate General of Foreign Trade (DGFT) said in a notification that the minimum export price (MEP) of $2,000 per tonne on natural honey is imposed till December 31, 2024 or until…

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On a month-on-month basis, the WPI was 0.07% higher, with primary articles rising 0.22% and the Food Index up 0.17%. | Photo Credit: PTI India’s wholesale price inflation moderated to a four-month low of 0.2% in February from 0.27% in January, despite an acceleration in food and primary articles’ inflation rates, owing to a sharper year-on-year drop in manufactured products and fuel and power prices.The Wholesale Food Index (WPI) picked up from 3.8% in January to 4.1% in February, while primary articles’ prices rose 4.5%, compared with 3.84% in the previous month. On a month-on-month basis, the WPI was 0.07%…

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