The US removed India from the list on account of it being a G-20 member and having a share of 0.5% or more of world trade. The move has cast a shadow on India being able to restore preferential benefits under the Generalised System of Preference (GSP) as part of its trade talks with the US, as only developing countries are eligible for it. India’s share in global exports was 1.67% in 2018. In global imports, it was 2.57%.
Important takeaways for all competitive exams:
The 12th-century Jagannath Temple in Puri, the Shree Jagannath Temple Administration (SJTA) has attained trademark…
India has had an abundance of legendary players in weight lifting like Mirabai Chanu, Karnam…
The Mahatma Jyotirao Phule Jan Arogya Yojana (MJPJAY) is a premium health insurance initiative started…
As work are underway for the 2027 Haridwar Kumbh Mela, the Uttarakhand Forest Department has…
The Majhi Kanya Bhagyashree Scheme is a important government initiative run by the Maharashtra Government…
Bhargavastra is a homegrown anti-swarm drone system that has been engineered to neutralize enemy drones…