Asia can lower rates to shield economy from tariff shock: IMF
Saturday, April 26, 2025
With the expected groundbreaking ceremony of three new semiconductor projects worth $15.14 billion, including two from the Tata Group, scheduled for next week, India is set to embark on an ambitious journey in the semiconductor industry.
Electronics manufacturing will stay in Asia for the foreseeable future, despite the apparent shift in new semiconductor sector investments away from China
Russia is taking a longer route via the Cape of Good Hope to deliver LNG cargoes to China instead of the shorter one that originally called for them, citing the increased danger of strikes by the Iran-aligned Houthi militia in Yemen
The Indian government is now considering investment proposals worth $21 billion with the goal of promoting semiconductor production in the nation.
The crisis in West Asia and its aftereffects on Red Sea shipping routes are seriously hurting the trade calculations of several nations, as if the war in Ukraine hadn't already caused enough damage to global supply lines.
According to preliminary government statistics reviewed by Reuters on Tuesday, India's imports of steel reached a six-year high in the first ten months of the fiscal year up to March, driven mostly by Chinese exports.