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Over 100 American firms visiting India to explore business opportunities

OVER 100 American firms are visiting India as part of the US government’s annual trade mission programme, Trade Winds, which started in New Delhi today (6).

The delegation of the representatives of the US businesses would be visiting Indian cities including, Ahmedabad, Chennai, Kolkata, Mumbai, Bengaluru, and Hyderabad besides the country’s capital city- Delhi.


The delegation would also meet government leaders, market experts, and pre-vetted potential business partners during its eight-day long visit to India.

US secretary of commerce Wilbur Ross said: "Our goal at the US Department of Commerce is to use every available resource to ensure fair and reciprocal trade for US businesses selling their products and services all over the world."

The US Department of Commerce is hosting the 11th Trade Winds Business Forum and Mission from May 6 to 13 in India.

Bilateral trade between India and the US registered a growth of 12.6 per cent from $126 billion in 2017 to $142bn in 2018.

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Bank of England

The Bank of England has indicated it may accept inflation above its 2 per cent target for a period

REUTERS

Bank of England can tolerate inflation above 2 per cent target, Bailey signals

  • The Bank of England has indicated it may accept inflation above its 2 per cent target for a period.
  • Andrew Bailey warned that acting too aggressively could create unnecessary volatility.
  • Inflation is expected to rise further as higher costs filter through the economy.

The Bank of England has signalled it is prepared to tolerate inflation above its 2 per cent target for a period, as policymakers try to balance rising prices against signs of weakness in the UK economy.

Speaking in Reykjavik, Iceland, Bank of England Governor Andrew Bailey suggested that bringing inflation back to target immediately may not be the best approach while businesses and households continue to face economic uncertainty.

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