India has revised registration requirements for bidders seeking to participate in public procurement with beneficial ownership in countries that share a land border with the country. Applicants have to submit one hard copy to the Department for Promotion of Industry and Internal Trade. As per the revised format, bidders must provide details of manufacturers, service providers, contractors, and entities providing transfer of technology (ToT) (if different from the bidder) for security clearance.

India is targeting $50bn in exports to the UAE by 2026-27 from $31.3bn in 2022-23, according to Indian Commerce Secretary Sunil Barthwal. The UAE is already second only to Asean in benefiting from India's trade deal with CEPA, demonstrated by the 54,144 certificates of origin issued between May 2022 and March 2023. Trade between India and the UAE is outpacing normal growth rates. India's exports of certain items such as essential oils, mineral oils and perfumery and cosmetic preparations are benefiting, although iron and steel exports dropped 36% YoY in 2022-23.

The report suggested that the government may consider fiscal and non-fiscal mechanisms to help firms improve their risk appetite in pursuit of innovation. It also recommended an innovation-linked incentive scheme to help firms, especially MSMEs, to address the financial risks linked to innovation uncertainty.

​"The revenues for the month of April 2023 are 12% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 16% higher than the revenues from these sources during the same month last year," the Finance Ministry said.

“India's current labour laws are strewn with redundancy, and overlap, creating a high compliance burden. Although many states have already issued rules and draft notifications are available, the government has yet to implement the new labour codes,” said Rishi Agrawal, CEO and Co-founder of Teamlease Regtech.

Primarily, Inera’s biological inputs offer growers the benefit of tailored solutions to improve soil quality, plant immunity, disease resistance, pest protection and overall crop health to increase yield and quality of produce in a diverse range of agro climatic conditions. Starting with India, Inera aims to meet the needs of 20% of the world’s population and the highest arable land of any single nation in the world.

India's gold imports from the UAE could also improve with the better utilisation of a trade deal between the two countries, Barthwal added.

India's factory activity expanded at its quickest pace in four months in April, driven by solid growth in new orders and output, a private survey showed on Monday, signaling resilient demand and an encouraging outlook. The survey results suggest India will continue to be one of the fastest-growing major economies despite slowing global growth that has undermined momentum across several other countries.