India's services exports, in US dollar terms, grew at a robust compound annual growth rate (CAGR) of more than 14 per cent over the last 30 years (between 1993 and 2022), significantly higher than India's merchandise export growth (10.7 per cent) as well as world services export growth (6.8
China, Russia, Iraq, UAE, Singapore are among countries where India's exports in the just-concluded financial year have risen substantially, though with a low base.
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.
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.
India's overall exports, merchandise and services combined, in February 2024 are estimated to be USD 73.55 Billion, exhibiting a positive growth of 14.20 per cent on a year-on-year basis. Of the total exports, merchandise exports were to the tune of USD 41.40 billion, as compared to USD 37.0
The opening quarter of the financial year 2023 witnessed a staggering 7.8 per cent growth in India's real Gross Domestic Product (GDP), reaching an estimated Rs 40.37 trillion (USD 484.94 billion).
Minister of Commerce and Industry Piyush Goyal on Wednesday urged Indian banks to provide MSMEs with improved and inexpensive loans in order to meet the aim of 1 trillion dollars in product exports.
India's overall exports in the just concluded financial year 2022-2023 were worth USD 775.87 billion, a growth of over 14 per cent and almost USD 100 billion more than last year's figures, official data released by commerce ministry showed on Monday. In 2021-22, the overall exports were at U
The commerce secretary also said, "While IT/IT-enabled services and business services have maintained their robust growth, transportation and financial services exports have grown at more than 35 per cent during April-September 2022."
India's overall exports on Wednesday posted a 14.57 per cent increase year-on-year in January 2023 to USD 65.15 billion, against USD 56.86 billion on January 2022, the Union Commerce ministry stated in a release.