According to the latest India Development Update by the World Bank, the country emerged as one of the fastest-growing major economies in FY 2022/23, boasting a growth rate of 7.2 per cent.
The World Bank (WB) has said that Nepal's economy is expected to grow by 3.3 per cent in 2024, driven by revived tourism and a pickup in hydropower exports.
According to a report by Jefferies, with an estimated domestic defense opportunity ranging between USD 100-120 billion over the next 5-6 years, the sector anticipates a visible 13 per cent industry Compound Annual Growth Rate (CAGR) from FY23 to FY30.
Defence exports have touched a record Rs 21,083 crore (approximately USD 2.63 billion) in the financial year 2023-24, with a growth of 32.5 per cent over the last fiscal when the figure was Rs 15,920 crore, a Ministry of Defence release said.
Defence Minister Rajnath Singh posted on x," Delighted to inform everyone that the Indian Defence Exports have scaled to unprecedented heights and crossed Rs 21000 crore mark for the first time in the history of Independent India! India's defence exports have recahed to the level of Rs.21
In an exclusive interview with ANI, Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI), shed light on India's export scenario, offering insights into current trends and future prospects.
Bilateral trade between India and Europe expanded significantly over the last decade, rising to USD 189.27 billion in 2022-23. India's exports to Europe increased to USD 98.27 billion in 2022-23, while imports went up to USD 98.27 billion.
CII posted on X, "While trade between India and Nordic-Baltic countries is on the rise, it also offers a vast opportunity to both the sides to form partnerships and create opportunities for collaborative growth. #DYK India's imports from the Nordic-Baltic region amounted to USD 5.44 Bn in 20
With these new initiatives, India has seen a surprising surge in exports of precious metals, minerals, automobiles, electronics, pharmaceuticals, organic chemicals, textiles, spices and defence equipment.
According to S&P Global Commodity Insights, the closure of the bridge, which serves as artery for the transportation of goods in and out of the Port of Baltimore, has led to the suspension of vessel traffic, severely impacting trade operations at one of the United States' key maritime hu