The Indian government is reportedly working on a fresh foreign trade strategy to explore opportunities for growth and collaboration in an attempt to achieve an ambitious target of USD 2tn in total exports (goods and services) by 2030.

The J.P.Morgan Global Manufacturing PMI rose to a six-month high of 49.3 in November, up from 48.8 in October, although it remained below the neutral 50.0 mark for the fifteenth month in a row. US, China and India recorded readings above the break-even level of 50. While the Euro-zone and UK showed some improvement, the headline reading remained in contraction territory.