India's trade with Kuwait has surged remarkably, with Indian exports to the Gulf nation reaching an impressive USDS 2.10 billion in the fiscal year 2023-24, as per the official data by Ministry of Commerce and Industry.
In terms of exports, MSME products have maintained a substantial share in India's overall export figures. According to data from the Directorate General of Commercial Intelligence and Statistics (DGCIS), the share of MSME-specified products in total Indian exports was 45.03 per cent for the
The Indian exports have been growing since financial year (FY) 2017 with the exception of slow down observed in FY 2020, the economic survey of 2023-24 revealed on Monday which was tabled in the parliament ahead of the union budget.
Adopting more flexible policies and addressing existing challenges in customs, payments, and logistics will help Indian exports meet the target of USD 200-300 billion in e-commerce export by 2030, says a report released by EY in association with ASSOCHAM.
However, the growth momentum slowed in June, with merchandise exports increasing by only 2.6 per cent year-on-year, down from 9.1 per cent in May. This deceleration was largely attributed to an 18.2 per cent contraction in oil exports.
India's trade deficit faces limited near-term challenges from ongoing geopolitical uncertainties, though it remains an important area to monitor, says a recent outlook report by Crisil on India's trade deficit.
Speaking on the subject, Agrawal stated, "Global market of alcoholic beverages stands today at USD 130 billion and Indian exports of these products was USD 325 million in 2022-23. As the global demand for Indian spirits is growing, we expect that in a few years exports of Indian spirits will
Evgeniy Griva, the Deputy Trade Commissioner of Russian Federation in India said that Moscow is highly interested in widening India-Russia trade, including the Indian exports.
Union Minister for Commerce and Industry Piyush Goyal while unveiling Foreign Trade Policy 2023 on Friday expressed confidence in India touching exports worth USD 2 trillion by 2030.
The Government of India has made sustained efforts to achieve a more balanced trade with China, including bilateral engagements to address the non-tariff barriers on Indian exports to China, Union Minister Rao Inderjit Singh told the Rajya Sabha on Monday.
The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) will benefit Indian exports from preferential duty market access in Australia and will benefit India's labor-intensive sectors such as gems and jewelry, textiles, leather, footwear, furniture, food and agricultural p
While talking with Congress leader Rahul Gandhi, the former governor of the Reserve Bank of India said, "India is also going to be hit. India's interest rates have also gone up but Indian exports have been slowing quite a bit."