Global trade has experienced remarkable growth since 1995, with total value increasing nearly five-fold, coming close to the peak reached in 2022. Today, eight countries account for imports worth $12 trillion, representing almost half of the global total. From the U.S. to India, the world’s leading importers are characterized by...
President Biden to Host Leaders of India, Japan, Australia
President Joe Biden is set to host a summit of the Quad leaders - comprising the United States, Australia, India, and Japan - in his hometown of Wilmington, Delaware. This marks the first time Biden has hosted foreign leaders in Delaware during his presidency, reflecting both his increased time spent...
India Invites IPEF Nations to Invest in Clean Economy Opportunity
Ministers from the 14 countries participating in the Indo-Pacific Economic Framework (IPEF) have agreed to collectively invest at least $120 billion by 2030 to promote renewable energy and energy storage technologies. This commitment was made during an online ministerial meeting held on March 14, as the IPEF member nations aim...
The United States Remains India's Top Trading Partner
The United States remained India's top trading partner for the second consecutive fiscal year, which shows increasing economic ties between the two countries according to a report in the Business Standard. India's commerce ministry of India shared numbers showing the bilateral trade in goods between the U.S. and India for...
In China, Tariff Woes Result in a Shift in Manufacturing
China's era as the low-cost manufacturing center of the world is under some pressure. Over the years, profits began to reduce due to rising costs, tighter regulations, and Chinese government policies. Manufacturers have been experiencing the squeeze as China shifts its priorities from lower-end manufacturing to high technology industries as...
India's Solar Panel Demand Will Surpass the U.S.
Global solar photovoltaic (PV) demand is forecast to hit another annual record of 113 gigawatts in 2018. China will again dominate global PV demand comprising almost half of the total market. "Demand in China will once again shape the global PV market," said Edurne Zoco, research and analysis director for...