Indian Business
What role has the Kutch trading community played in India-Oman relations?
The trading community from Gujarat's Kutch region has played an important role in establishing strong people-to-people connections between India and Oman. Their presence has contributed significantly to cultural integration, as evidenced by the widespread understanding of Hindi in Oman, especially in the capital Muscat. This cultural bridge exists largely due to the presence of a substantial Indian diaspora in Oman, with families like the Khimjis (mentioned in the description as being established since 1870) representing multi-generational business ties between the two nations. These communities have been instrumental in fostering the socio-economic relationship that now characterizes the 70-year diplomatic history between India and Oman.
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WION
03:02 - 03:17
What is the story behind the Khimji family's arrival in Oman?
Anil Khimji, a fourth-generation member of the Khimji family and an Omani citizen, shares that his family's presence in Oman began with patriarch Kimji Ramdas who arrived at the port of Sur in 1870 from India. This marked the beginning of what would become the Kimji group, which has now established a legacy spanning over 150 years in Oman. The Khimji family represents the significant Indian diaspora that has contributed to Oman's social and economic landscape, exemplifying the strong historical ties between India and Oman that continue to this day.
Watch clip answer (00:12m)WION
00:46 - 00:58
What is the projection for India's total exports in the current fiscal year?
India's total exports are projected to exceed $800 billion in the current fiscal year, signaling a robust performance for the country's trade sector. This projection comes amid strengthening bilateral trade with the United States, which has already increased by 8% to over $106 billion, with merchandise exports to the U.S. reaching $68.47 billion. Despite facing a trade deficit of $22.99 billion with the U.S., India's overall trade outlook remains positive, with stakeholders targeting $500 billion in bilateral trade with the United States by 2030.
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WION
01:15 - 01:24
What is the current status of India's trade relationship with the United States?
India's bilateral merchandise trade with the United States has grown significantly, showing an 8% increase to over $106 billion for the ten months through January. Merchandise exports to the US have risen to $68.47 billion from $62.84 billion a year ago, while imports have also grown. This expanding trade relationship is expected to benefit both nations, with officials working toward establishing a trade deal by fall 2025. The ambitious agreement targets reaching $500 billion in bilateral trade by 2030, reflecting the strategic economic partnership between the two countries.
Watch clip answer (00:32m)WION
00:00 - 00:32
What restrictions has the RBI imposed on the New India Cooperative Bank?
The RBI has imposed restrictions on the New India Cooperative Bank effective from February 13, which will remain in place for six months pending review. The central bank cited material developments as the reason for this intervention, with the primary aim of protecting depositor interests and ensuring financial stability. During this period, the bank is prevented from disbursing funds, which has caused concern among depositors who have been lining up outside bank branches worried about accessing their savings. This regulatory action highlights the RBI's role in maintaining stability in the cooperative banking sector.
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WION
00:37 - 00:50
What is Donald Trump's vision for the U.S.-India partnership under his leadership?
Trump envisions a transformative "mega partnership for prosperity" between the United States and India, building on his established relationship with Prime Minister Modi. This strategic alliance would encompass multiple dimensions including expanded energy cooperation, with India increasing purchases of American oil and gas, and significant military hardware deals that strengthen both nations' defense capabilities. The partnership extends beyond traditional trade relationships to address complex security challenges, including the extradition of suspects from the 2008 Mumbai attacks. Trump frames this collaboration as mutually beneficial, leveraging both countries' strengths to create substantial economic opportunities while advancing shared geopolitical interests in an increasingly complex global landscape.
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Al Jazeera English
02:03 - 02:09