Global trade and tariff uncertainties​ can become catalyst for reforms in India: HSBC Research

New Delhi, (IANS): Global trade and tariff uncertainties could become a catalyst for reforms in India over the medium term and for growth results, the reforms must run deep, an HSBC Research report said on Tuesday.Potential US tariffs may have already become a catalyst for reforms like lowering import tariffs, opening up to regional FDI, fast-tracking trade deals, and making the Indian rupee more flexible."And India does not have to look too far for models to emulate. Its success in services exports has demonstrated the power of moving up the value chain, from basic (call centre services) to high-tech (professional services)," said the report.India's goods trade deficit narrowed sharply in February to $14.1 billion, from $23 billion in January.“The trade deficit tends to narrow in February but this time, it narrowed rather sharply to the lowest in more than three years,” the report mentioned.India's goods trade deficit narrowed to $14 billion and the services trade surplus rose to $18.5 billion, putting the overall trade balance in a rare surplus zone in February.A normalisation in...
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New study reveals the world’s most searched-for jobs

In 2019, Brother UK, the office electronics supplier, analysed a year’s worth of Google search data. The study revealed the most popular jobs worldwide, and they discussed whether culture and economy impacted careers globally.In 2023, Brother UK conducted a new study investigating how the global job market has changed in the last three years. Brother UK wanted to determine whether a pandemic, economic uncertainties, remote/hybrid working, and AI technologies have transformed how the world searches for jobs.The most searched-for jobs in the UKTeaching assistant jobs are still the most searched-for in the UK. However, there are signs that interest may be waning. In 2019, over 288,000 people searched Google for teaching assistant roles. But since 2020, the average yearly searches have shrunk by 5% to 275,000.UK search data shows that the most significant search increase in the education sector was from qualified teaching positions. While teachers still wish to continue teaching, they may consider switching schools for better career prospects.A recent poll from the National Education Union...
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Australia and India partner on COVID-19 research

Australian and Indian researchers will work together to advance COVID-19 screening and study the future health effects of the virus after a nearly $4 million investment by the Morrison government. The Australia-India Strategic Research Fund (AISRF) has funded six new projects, including one to develop COVID-19 diagnostic technologies and another study of the longer-term effects on the hearts and lungs of patients who have recovered. Other projects will develop risk management systems to protect farmers from disasters associated with climate change and demonstrate how food-drying technology using renewable energy can reduce pollution in the food-processing sector.Minister for Industry, Science and Technology Karen Andrews said she was pleased that work in these important areas would be able to continue after the COVID-19 pandemic had caused significant delays this year.“This latest funding will enable Australian and Indian researchers to contribute to the global response to the COVID-19 pandemic, including in crucial screening and diagnostic testing,” Minister Andrews said.“As...
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