India's exports grew in April-December 2024 reaching an estimated USD 602.64 billion, marking a rise of 6.03 per cent compared to USD 568.36 billion during the same period in 2023, as per the data released by Ministry of Commerce and Industry on Wednesday.
The drop in coal imports is a significant achievement in India's pursuit of energy security, particularly in the face of growing demand for coking coal and high-grade thermal coal, which remain in short supply within the country.
The Israel Tax Authority reported that the total value of all imports in 2024 amounted to USD 89.5 billion, an increase of only 1 per cent compared to 2023. In December 2024, it amounted to USD 9.3 billion, an increase of 29.5 per cent compared to the value of imports in December 2023. The i
Nishant Gupta, Managing Director and Partner at BCG India, highlighted India's growing appeal as a global manufacturing hub, stating, "India is poised to redefine its role in global trade, with a projected annual growth rate of 6.4 per cent in both GDP and trade over the next decade."
The report identifies four factors--wealth effect, incomes, leverage, and fiscal transfers--as key drivers of consumption cycles.
Over the past two decades, these drivers have influenced consumption across distinct phases, including periods of broad-based growth and K-shaped recovery.
India's current account deficit (CAD) is expected to remain elevated in FY26 due to stringent global trade policies, according to a report by JM Financial.
India's textile and apparel sector has posted a remarkable growth in exports during the first half of FY 2024-25, with total exports reaching USD 21,358 million, marking a 7 per cent increase compared to the same period last year.
In Q3 of 2024, Qatar recorded a merchandise trade balance surplus (difference between total exports and imports) of QR 57.7 billion down from QR 60.9 billion in Q3 2023.
CITI Chairman Rakesh Mehra highlighted the significance of the US market, and said, "USA accounts for about 27 per cent of India's T&A exports. During the last 5 years, India's exports to USA have increased at a CAGR of about 3.3 per cent. It would require our exports to grow at a CAGR o
India's current account deficit (CAD) widened slightly to USD 11.2bn (1.2% of GDP) in Q2 from USD 10.2bn (1.1% of GDP) in the previous quarter. However, there was a Balance of Payments (BoP) surplus of USD 23.8 billion was there in the first half (H1).
On Friday, China's Ministry of Commerce (MoC) announced that anti-dumping duties on n-butanol imports from the US, Taiwan, and Malaysia will remain in place for another five years, effective from today.
India has decided to put restrictions on imports of certain low ash metallurgical coke, as per a notification from the Directorate General of Foreign Trade.