According to figures released by the Ministry of Commerce and Industry, India's exports to ASEAN member countries stood at USD 25,627.89 million in the year 2010-11, while imports from these nations amounted to USD 30,607.96 million.
India's current account deficit narrowed sharply in the January-March 2023 quarter, RBI data showed on Tuesday, attributable to a moderation in the trade deficit and robust services exports.
During the visit, External Affairs Minister Jaishankar and Manturov Co-Chaired the 24th session of the Inter-governmental Commission which is a mechanism for monitoring the bilateral progress of trade and economic cooperation between the two countries. The Sides reviewed the entire gamut of
Official trade statistics showed the deficit -- the difference between exports and imports -- grew to the highest levels since 2017 before Kenya made China the top target destination under Integrated National Exports Development and Promotion Strategy in July 2018.
Also in 2022, driven by increasing prices, extra-EU imports (+41 per cent) and exports (+18 per cent) reached their highest year-on-year growth rates recorded over the last ten years.
China is forcing Nepal into its ambitious but controversial Belt and Road Initiative (BRI) project. The Nepal-China railway has also been discussed for a long time. Even during the visits of Chinese President Xi Jinping and Former Chinese Foreign Minister Wang Yi, there have been various
India's exports dipped in February by 8.8 per cent to USD 33.88 billion against USD 37.15 billion in the same month last year, according to the data released by the commerce ministry on Wednesday.
After the end of China's zero-COVID policy in December 2022, there were hopes for economic recovery in China. Households' deteriorating confidence coupled with the unresolved difficulties in the housing sector, however, weighed on the country's growth rebound.
The domestic markets on Thursday ended almost flat while tracking global cues amid the country's declining trade deficit. Adani Group firms' slow recovery also helped investors gain confidence in the markets
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.