India's Engineering Exports to Russia Skyrocket While US and China Face Setbacks; Diversification Urged

Engineering exports from India to Russia experienced a significant surge in July 2023, more than doubling expectations, while exports to the US and China faced setbacks, highlighting the need for Indian exporters to explore the untapped potential of African and Latin American markets.

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8/22/2023

Indian rupee's fall to near record low fuels more hedging by exporters

Indian exporters are hedging more of their future foreign currency receipts as the rupee's decline to near record low levels allows them to lock in better exchange rates, with data showing that $3.6 billion was hedged in two sessions, a 60% increase compared to August levels.

8/27/2023

Industrial policies have returned. What’s new?

India has seen an increase in its tariffs and trade policy measures in recent years, reversing the trend towards liberalization and increasing trade restrictions, which is a global phenomenon as many countries are adopting industrial policies to promote domestic production and exports; however, the effectiveness of these policies and their impact on economic growth and job creation remain to be seen.

8/27/2023

US consumer bust shrinks world trade

US imports of consumer goods, particularly home electronics, experienced a significant decline in the second quarter of 2023, following the end of the Covid-induced work-from-home electronics boom, while US manufacturing also slowed, indicating challenges in stimulating demand; however, claims that this decline in imports is solely due to re-shoring are false, as imports from US allies such as Mexico, Vietnam, and India have increased in tandem with China's declining exports to the US.

9/13/2023

Russia-Ukraine War Reshapes Global Trade as US Pivots Away From China Toward Mexico

The trade sanctions imposed on Russia have benefited India and China, with Russia becoming the biggest supplier of crude oil to India and the bilateral trade between Russia and China potentially surpassing $200 billion this year, resulting in the US reshaping its global trade strategies and Mexico overtaking China as America's biggest trading partner.

9/15/2023

India Poised to Become Next Global Tech Manufacturing Hub if Infrastructure and Reforms Keep Pace with Growing Investments

With the right reforms, India has the potential to become the next engine of global growth, benefiting from major economic re-alignments caused by China's slowdown and the US diversifying its supply chains. Major corporations are already investing in India, recognizing its potential. However, India needs to overcome challenges such as high tariffs, infrastructure improvements, and regional cooperation to fully realize its manufacturing potential and attract foreign investment.

9/19/2023

Mexico Overtakes China as Top U.S. Importer, According to New Calculations

Mexico has surpassed China as the top exporter to the U.S. for all of 2023, according to Bloomberg and MarketWatch calculations.