India and the European Union are considering a phased approach to their free trade agreement negotiations due to global trade uncertainties. Following a visit from EU leaders, talks are progressing positively, aiming to boost trade and investment. India’s bilateral trade with the EU reached USD 137.41 billion in 2023-24, making the EU India’s largest trading partner for goods.
Oil shock from Iran war raises risks for India’s stock market
Escalating Middle East tensions are poised to further weaken Indian equities, with strategists warning of underperformance against global peers. Higher oil prices, driven by the