The trade war between the US and China is expected to boost the Indian economy with a rise of 3.5 percent in exports while the EU will be the biggest winner, taking home $70 billion in additional trade, according to a UN study.
Amid tit for tat tariff hikes between Washington and Beijing, trade is being diverted and a handful of countries will capture a slice of the giants’ exports, said the report by the UN Conference on Trade and Development (UNCTAD) on Monday.
“Substantial effects relative to the size of their exports are expected for Australia, Brazil, India, the Philippines, Pakistan and Vietnam,” it said.
The report, titled “The Trade Wars: The Pain and the Gain”, said that “bilateral tariffs alter global competitiveness to the advantage of firms operating in countries not directly affected by them”.
The study found that European exports will grow by $70 billion, while Japan, Canada and Mexico will see exports increase by more than $20 billion each.
“Countries that are expected to benefit the most from US-China tensions are those which are more competitive and have the economic capacity to replace US and Chinese firms,” the UNCTAD said.
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Indian logistics sector is presently estimated to be worth around $160 billion and is poised to grow phenomenally over the next two years and reach a size of $215 billion by 2020.
Indian logistics sector is presently estimated to be worth around $160 billion and is poised to grow phenomenally over the next two years and reach a size of $215 billion by 2020. Here are the three areas for creating a sustainable roadmap for the growth of the logistics sector in 2019.
The government has reiterated its steadfast commitment to modernizing the functionalities of Indian logistics with a key focus on infrastructure development. With a view to improving supply chain efficiencies and enhancing connectivity to help logistics players tap the underleveraged markets in the country’s hinterlands, key infrastructure development projects have been rolled out. Click here to read more
VIKASA is pleased to highlight Prateek Agrawal as our Business Development Manager, India. Prateek’s breadth of knowledge and passion for global markets provide our company with specialized insight as he lends his proficiency in market research and intricate knowledge of Indian regulations to our team. Located in the heart of India’s financial Industry, Prateek’s remarkable professional accomplishments and strategic location provide VIKASA with a unique advantage. Prateek’s unrivaled experience in Electrical Engineering and Automation, Financial Services in Equity Research, and Institutional Business Development solidify his position as a substantial asset to the VIKASA family.