Huge demand drives UK liquor exports to India

The UK Department of International Trade has pegged a 49.2 per cent increase in the export of Scotch whisky, gin, and other UK drinks to India in the last year ending February 2019.

India needs to focus on exports: World Bank economist

World Bank Chief Economist for the South Asia Region, Hans Timmer said that India's economic growth in recent years has been "too much" driven by domestic demand and its exports were about one third of its potential

A monthly survey said that activity of the services sector in India expanded for the first time in three months in September as it rebounded from GST-related contractions, driven by a surge in new business orders that supported job creation

Indian Finance Ministry's principal economic advisor Sanjeev Sanyal said the country would have 10-15 public sector banks with government's majority stake, down from 21 at present as part of its plan to consolidate banks

As informed by the UK's Crown Prosecution Service (CPS), embattled Indian liquor baron Vijay Mallya was granted immediate bail following his arrest in London on Tuesday, in a second money laundering case filed by the Indian Enforcement Directorate

The midnight launch of India's biggest tax reform since independence, the Goods and Services Tax instantaneously turned India into a select league of countries...

India's Chief economic adviser Arvind Subramanian expressed concern over growing protectionism in global markets and felt that India needs open markets to grow at 8-10%.

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