by DIGITAL MEDIA EXECUTIVE | Jun 1, 2023 | News & Insights
In the first four months of this year, Vietnam’s exports to the Association of Southeast Asian Nations (ASEAN) were $10.85 billion, or 10% of all exports from the nation. The statistic represented a decrease of 4.7% year over year, which was modest given the...
by DIGITAL MEDIA EXECUTIVE | May 18, 2023 | Trade Analysis
INSIGHTS In March 2023, exports of the euro area increased by 7.5% to €269.2 billion while imports decreased by 10% to €243.6 billion, creating a trade surplus of €25.6 billion. Exports increased 8.5% to €724.5 billion in Q1 2023, while imports were unchanged....
by DIGITAL MEDIA EXECUTIVE | May 8, 2023 | Finance & Economy
The second wave of Covid-19 was at its height and the state’s economy was at rock bottom when the DMK took office two summers ago. Anything above 3% indicates an economy in crisis, as the previous administration had left behind a fiscal deficit of 4.61% of GSDP...
by DIGITAL MEDIA EXECUTIVE | Apr 28, 2023 | Finance & Economy
The growth outlook for Nepal’s economy remains highly uncertain. While robust tourist arrivals, healthy remittances flows and forex reserves provide comfort, several headwinds could offset the positive impact. Heavy reliance on imports, dismal foreign direct...
by DIGITAL MEDIA EXECUTIVE | Apr 18, 2023 | Finance & Economy
Piyush Goyal, Union Minister of Commerce and Industry, stated on introducing the eagerly anticipated Foreign Trade Policy 2023 on March 31 that “FTP is dynamic and has been kept open ended to accommodate the emerging needs of the time.” This represents a...
by DIGITAL MEDIA EXECUTIVE | Apr 17, 2023 | PRICE REPORT, Trade Analysis
By 2022–2023, the US will surpass all other trading partners as India’s largest trading partner due to the two nations’ growing economic connections. The bilateral trade between India and the US climbed by 7.65 percent to USD 128.55 billion in 2022–23 from...
by DIGITAL MEDIA EXECUTIVE | Apr 15, 2023 | Finance & Economy
Geopolitical unrest and a downturn in developed economies impacted on external demand, causing India’s exports to experience their biggest decline in nearly three years in March, falling 13.9% year-over-year (YoY) to $38.38 billion. As supply networks were...
by DIGITAL MEDIA EXECUTIVE | Apr 14, 2023 | Import/Export
In March, India’s exports experienced their biggest decline in almost three years, falling 13.9% year-over-year (YoY) to $38.38 billion as geopolitical unrest and a downturn in developed nations weighed on international demand. India’s exports fell 34.6%...
by DIGITAL MEDIA EXECUTIVE | Apr 10, 2023 | Finance & Economy
After the July 2022 RBI circular allowing rupee invoicing, payment, and settlement of commerce (exports/imports), the phrase “rupee invoicing” became popular. The new Foreign Trade Policy (FTP) 2023 suggests that both trade partners raise their invoices...
by DIGITAL MEDIA EXECUTIVE | Apr 4, 2023 | Country Report, PRICE REPORT
India’s balance of payment scenario in Q3 FY23 fared relatively well despite global headwinds. On the current account front, upbeat services exports and healthy remittances helped cushion the impact of an elevated merchandise trade deficit. The capital account...
by DIGITAL MEDIA EXECUTIVE | Mar 20, 2023 | Trade Analysis
The export of goods from India has surpassed the $400 billion barrier for the first time, with higher engineering items, electronics, and food products leading the way. An further $10 to $12 billion in goods are anticipated to be exported over the final nine days of...
by DIGITAL MEDIA EXECUTIVE | Mar 17, 2023 | cotton industry
The government has taken active steps to reduce imports in response to the growing trade deficit. India’s merchandise exports decreased 8.8% in February to $33.88 billion, compared to the same month last year, reflecting the global economic slowdown. Comparing...