The G20 member nations are set to admit the African Union (AU) as a new member of the grouping, at par with the European Union (EU), with an announcement expected during the summit to be hosted by New Delhi over this weekend.
The BRICS Summit 2023 in Johannesburg, South Africa marked a pivotal moment as six new members were announced to join BRICS in 2024. The expansion highlighted the growing competition between India and China for dominance within BRICS and the leadership position of the Global South.
Even though Putin and Xi Jinping declared a "no limits" friendship in February 2020, the growing dependence on Beijing has created both opportunities and challenges for Moscow’s strategic interests.
Beijing, China, August 11: In a strategic move reflecting the escalating 'chip war,' China has recently imposed strict controls on the export of two...
The Indian government has introduced immediate restrictions on the import of laptops, tablets, and personal computers to boost local manufacturing and reduce dependency on foreign imports.
The International Monetary Fund (IMF) has increased its GDP growth forecast for India for the financial year 2023-24 to 6.1 percent, up by 20 basis points (0.2 percentage point) from its previous projection of 5.9 percent.
The upward revision was attributed to the exceptional growth numbers recorded in the January-March quarter.
As the world faces economic difficulties, such as depleting dollar reserves and uncontrollable devaluation of local currencies, discussions on reducing reliance on the U.S. dollar have gained momentum. Known as "de-dollarization," this shift has become a focal point in global talks.
India has emerged as a prominent advocate of de-dollarization, with the Indian rupee set to become the official currency of South Asia.
Indian Prime Minister Narendra Modi's visit to Abu Dhabi marked a significant milestone as India and the United Arab Emirates (UAE) solidified agreements to facilitate trade settlements in their local currencies, the Indian Rupee (INR) and UAE Dirham (AED).
The Prime Minister Narendra Modi announced that India and France have got into an agreement to use India’s flagship payment system UPI in France, to facilitate transaction in Rupee for NRIs and tourists.
