India's defence exports continue to rise touching a record Rs 21,083 crore (about USD 2.63 billion) in the FY2023-24, a growth of 32.5 per cent over the previous fiscal when the figure was Rs 15,920 crore.
ndia has bilateral trade agreements, including Trade in Services, with Singapore, South Korea, Japan, Malaysia, Mauritius, UAE, Australia and an FTA in services and investment with the Association of South East Asian Nations
India's contribution to global trade has seen significant growth over the last two decades, with its share in both exports and imports doubling during this period, according to a report by the National Stock Exchange (NSE).
The Indian rupee (INR) is expected to face challenges in 2025 due to multiple global and domestic factors, according to a report by Standard Chartered Bank.
India's solar module manufacturing industry is poised for a significant transformation over the next five years, with the export-import balance expected to improve substantially, according to a report by CRISIL.
Chinese exports of agricultural products such as tomatoes, chilli peppers, and marigolds from the Xinjiang region are tainted by forced labour and land transfers from Uyghur peasants to Chinese businesses, as highlighted by a new research report.
The initiative, launched in November 2020, covers 14 key sectors and has already delivered milestones. The program has catalyzed investments worth Rs1.46 lakh crore (USD 17.5 billion), spurred production and sales of Rs12.50 lakh crore (US$150 billion), and boosted exports to Rs4 lakh crore
India's merchandise trade deficit in November came at USD 37.84 billion, attributable to burgeoning imports relative to exports. Reportedly, this is the highest monthly trade deficit by far.
India's overall exports, merchandise and services combined, in November were to the tune of USD 67.79 billion, a 9.6 rise on a yearly basis, Commerce Ministry data showed on Monday. Same month last year it was USD 61.85 billion.
The fiscal deficit of the central government is projected to be 4.8 per cent of GDP for FY25, slightly below the budgeted estimate of 4.9 per cent, according to a report by Care Edge Ratings. The marginal improvement is attributed to healthy tax collections, despite certain shortfalls.
Notably, the growth in exports to the USA was higher than aggregate exports until FY00. However, the global financial crisis in 2008 slowed down growth until FY10.
Union Minister for Commerce and Industry Piyush Goyal on Thursday expressed optimism about India's economic growth, projecting that the country's exports will surpass USD 1 trillion within the next two to two-and-a-half years.