Coal Shortage Highlights Blackout Risk

Alleviating supply chain bottlenecks, especially in view of the spiraling coal prices, boosting relations with key economies to work on multilateral issues seemed to be on the union minister Piyush Goyal's priority list, heading into the G20 Summit, held on Tuesday in Italy. At the conference, Goyal had a one-on-one meeting with his Chinese counterpart and various other trade ministers from South Korea, Australia, South Africa, Brazil, the US, Canada, etc. Speaking about China, experts said the trade between India and the economic powerhouse is likely to breach the US$ 100Bn mark by the year-end, considering it has already reached US$ 90Bn in the first nine months.

Moreover, after China, it looks like India will soon find itself neck-deep in the energy crunch crisis led by a severe coal shortage, which could impact the country's economic recovery. Experts claimed that a combination of supply factors and falling coal imports that resulted in the current situation might imperil the energy-dependent sectors. We hope the government takes adequate measures on the depleting coal reserves and prioritizes power generation across the nation.

Piyush Goyal to address G20 Trade Ministers Summit in Italy on October 12, holds bilateral meetings

Commerce and Industry Minister Piyush Goyal will be participating in a meeting of the trade ministers of top economies at the G-20 Ministerial Summit in Italy on October 12.

Aggressive marketing, FTAs to help exports touch $500 bn in FY22: Exporters

Aggressive marketing of products, timely implementation of free trade agreements that are under negotiations and affordable credit to MSME players would help in taking the country's merchandise exports to USD 500 billion in the next financial year, according to exporters.

A $1.7 Trillion Financing Gap Is Making Supply Shortages Worse

The global trade finance gap rose 15% to $1.7 trillion in 2020 as Covid-19 sent shock waves through trade and supply chains, according to a survey conducted by the Asian Development Bank.

India-China trade on course to touch record $100 billion-mark

The India-China trade volume looks set to cross the record figure of USD 100 billion this year as the total has already touched USD 90 billion in the first nine months, despite a chill in bilateral relations due to the continuing military standoff between the two countries in eastern Ladakh.

ASIA ECONOMY China isn’t the only huge Asian economy with a coal shortage now

China is not the only Asian giant grappling with an energy crunch — India is also teetering on the edge of a power crisis.