Government Framing Standards For Services Sector: Piyush Goyal
During the IACC-NIC's second Indo-US Services Summit, commerce, and industry minister Piyush Goyal said that India is constructing "standards" for the service sector so that it can provide better and high-quality services to the rest of the world. He added that India and US trade relations will be an important factor in their relationship. Besides, sectors like healthcare, home delivery, telecom, and technology are also progressing rapidly.… read-more
Tags: INDIA-US RELATIONSHIP, Trade relations, Summit, Piyush Goyal
Courtesy: The Telegraph India
China Remains Top Trading Partner For India In 2020
Even after tensed border relations, China stood as India's biggest trade partner in 2020. Reportedly, India did a bilateral trade of $77.7 billion. However, it was less than 2019's $85.5 billion. Besides, total imports stood at $58.7 billion, which was way more than combined purchases from the US and UAE. Moreover, the bilateral trade gap was recorded at $40 billion. Interestingly, India's export to the neighbour increased to $19 billion.
Tags: India, China, Chinese Apps, Trade relations, India- China trade
Courtesy: The Economic Times