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Indian economy

  • Boris Johnson’s disastrous India trip: Little progress on trade deal, partygate rows, Tory donor bulldozers and Modi stays close to Putin

    the week that was

    Boris Johnson today indicated at a press conference in India that he did not try to encourage the country’s prime minister, Narendra Modi, to go further in dropping India’s neutrality over the Russian President’s invasion of Ukraine. Also, Johnson’s two-day trip was dogged by questions over the deepening partygate scandal, with a Tory rebellion leading [...]

  • Boris Johnson urges post-Brexit negotiators in India to ‘get it done’ despite Modi’s looser ambitions for trade deal

    India state visit

    Prime Minister Boris Johnson has urged post-Brexit trade deal negotiators working with India to “get it done” this autumn, despite much looser ambitions on the side of his Indian counterpart Narendra Modi. After holding talks in New Delhi on Friday, Modi called for an “immediate ceasefire” in Ukraine but stopped short of criticising Russia’s actions [...]

  • UK will not offer Indians more visas in post-Brexit trade talks

    Exclusive

    The government will not allow more Indians to come to the UK through new visa routes in any UK-India free trade deal. City A.M. understands the prospect of special Indian visas has not been discussed in the first two rounds of trade negotiations and that international trade secretary Anne-Marie Trevelyan has not put the issue [...]

  • India calling: Boris Johnson to tour Delhi and Ahmedabad as much-delayed post-Brexit trip is going ahead

    April 17, 2022

    The Prime Minister will meet his Indian counterpart Narendra Modi in New Delhi this coming week, with the aim of deepening the security partnership between the two countries. Boris Johnson is set to embark on the much-delayed trip to India on Thursday, where he will focus on defence and trade. The visit to India’s capital [...]

  • Ukraine war is dramatically dialling up risk of global recession

    April 5, 2022

    The war in Ukraine has dramatically dialled up the risk of a global recession, according to leading economist. The conflict has thrown a ‘massive monkey wrench’ into what was a gradually improving post-pandemic picture, Ira Kalish, chief global economist at Deloitte told delegates at the World Retail Congress in Rome. And it could have damaging, [...]

  • From price inflation and Brexit rows to Evergrande and Biden v Putin: Here are the market risks to watch this year

    January 4, 2022

    The world is a pretty turbulent and unpredictable place at the moment, with Covid variants not making life easier. From tensions between Russia and the US over Ukraine’s NATO membership to Brexit conflicts and China’s Evergrande property scandal, 2022 is set to become everything but dull. So what developments and issues could disrupt or disturb [...]

  • India’s military chief dies in freak accident as army helicopter crashes in country’s far south

    December 8, 2021

    India’s air force said that an Indian army helicopter carrying the country’s military chief has crashed in the southern Tamil Nadu state. Officials did not say whether chief of defence staff Bipin Rawat was injured in the accident. Public broadcaster Prasar Bharati said three injured people were taken to a hospital. Television images showed the [...]

  • Omicron hit to economy expected: India braces itself for ‘massive’ third Covid wave of Coronavirus infections

    December 8, 2021

    Fears are growing rapidly in India that a massive third wave of Covid infections is building, as coronavirus infections may yet again spiral out of control, largely driven by the new Omicron variant. Last night local time, the Indian Medical Association (IMA) issued a warning to the country’s government that a third wave is inevitable [...]

  • India poised to ban private crypto ownership with stringent bill

    November 24, 2021

    India’s government said late last night that it would reintroduce a bill which could ban most crypto ownership and establish a CBDC.

  • Indian social media ShareChat teeters on $3bn valuation after funding rally

    July 27, 2021

    Indian social media platform ShareChat is teetering on a valuation of $3bn after its latest funding round pulled in $145m. It comes not even three months after the Bangalore-based startup bagged $502m in backing, which hoisted its valuation to $2.1bn. With a climbing value, ShareChat has managed to secure a cool $911m in funding over [...]

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