The widening trade deficit poses a concern, especially with the U.S. imposing higher tariffs on Chinese imports, potentially leading to a surge in Chinese exports to Asian markets, including India.
India's exports, merchandise and services combined increased by 4.86 per cent year on year, standing at USD 393.22 for April-September 2024-25, as Commerce Ministry data showed on Wednesday.
The World Trade Organisation (WTO) has expected world merchandise trade volume to grow 2.6 per cent in 2024 and 3.3 per cent in 2025, following a larger-than-expected decline of -1.2 per cent in 2023.
India's overall exports, merchandise and services combined, in August were to the tune of USD 65.4 billion, a dip of 2.4 per cent on a yearly basis, Commerce Ministry data showed on Tuesday. Same month last year it was USD 67.0 billion.
New Delhi [India], September 17: Empower India, a leading think-tank, countering the call to suspend online festive sales said the government needs to create a conducive environment for sellers to make best of the occasion and for crores of Indians to shop. Any call for suspension of e-comme
Bangalore (Karnataka) [India], September 9: In a remarkable collaboration between academia and industry, students from Ignite India Education have gained invaluable hands-on experience while working on industrial projects for W.T.F - Witnessing True Fashion. The brand, which is rapidly risin
Mumbai (Maharashtra) [India], September 6: Imagine a world where it is possible design an AI-powered basketball, golf, cricket, chess game featuring favorite athlete(s), or launch a merchandise line celebrating a historic victory - all without writing a single line of code. This is the reali
The US accounts for about 18 per cent of India's merchandise exports, including electronics, pharmaceuticals, and petroleum products, among others. However, India's economy is largely driven by domestic demand, so the potential fallout from weaker US growth will likely be contained.
The weakness in oil, gems, and jewellery exports led to the contraction in India's merchandise exports in July, the market analytics and intelligence agency Crisil Ratings said in its latest report.
India's electronic goods exports experienced a significant increase of 37.31 per cent in July year-on-year, rising to USD 2.8 billion from USD 2.04 billion in July 2023, according to data from the Ministry of Commerce and Industry.
During the first four months of 2024-25 (April-July), India's total exports now stand at around USD 260 billion. The government has expressed optimism about reaching its full-year target of USD 800 billion
Quarterly report of Exim Bank suggests that the country's economy continues to demonstrate strong activity, driven by sustained momentum in both the manufacturing and services sectors. Additionally, expected global monetary easing and improving demand prospects from trading partners are like