by TANVI_MUNJAL | Nov 20, 2024 | Finance & Economy, News & Insights
India’s textile sector is experiencing a remarkable surge, as evidenced by the country’s merchandise exports in October 2024. These exports soared by an impressive 17.25% year-on-year, reaching a staggering USD 39.2 billion, marking the highest growth rate...
by TANVI_MUNJAL | Aug 27, 2024 | Finance & Economy, News & Insights
India’s exports, particularly of traditional commodities, have experienced a significant downturn in recent months. According to the latest data from the Ministry of Commerce and Industry, exports of marine products, rice, gems and jewellery, and petroleum...
by TANVI_MUNJAL | Dec 30, 2023 | Finance & Economy, News & Insights
A recent collection of essays penned by Chief Economic Advisor V Anantha Nageswaran and his team has highlighted that India’s exports are becoming less susceptible to fluctuations in world demand and exchange rates. The publication titled ‘Re-examining...
by TANVI_MUNJAL | Dec 30, 2023 | Finance & Economy, News & Insights
India has experienced a notable transformation in its export baskets, shifting from labour-intensive products like textiles to capital- and skill-intensive ones such as engineering goods and jewellery, according to a recent essay by economists in the finance ministry....
by TANVI_MUNJAL | Dec 21, 2023 | Finance & Economy, News & Insights
India’s merchandise exports are projected to contract by 5.3% in 2023, in line with the global trend, according to a study conducted by a trade policy think tank. However, the electronics segment is emerging as a standout performer, offering hope that support...
by TANVI_MUNJAL | Dec 21, 2023 | Finance & Economy, News & Insights
A recent report by the Global Trade Research Initiative (GTRI) has indicated that India’s robust performance in the export of electronic goods, particularly smartphones and services, will help mitigate the decline in the overall trade growth rate. The report...
by TANVI_MUNJAL | Dec 19, 2023 | Finance & Economy, News & Insights
India’s merchandise trade deficit for November showed a significant decline, surprising economists and experts. The deficit stood at $20.5 billion, lower than the same month last year and considerably lower than the previous month of October. This unexpected...
by TANVI_MUNJAL | Dec 7, 2023 | Finance & Economy, News & Insights
The Indian government is formulating a comprehensive trade strategy to unlock growth opportunities and foster collaboration to reach a lofty goal of $2 trillion in total exports, including goods and services, by 2030. According to reliable sources, it also aims to...
by TANVI_MUNJAL | Nov 30, 2023 | Business & Policy, News & Insights
In response to a surge in respiratory illness cases in China, Indian exporters are closely watching the situation and expressing concerns about potential repercussions on trade if the situation worsens. As China is India’s largest import partner, with many industries...
by TANVI_MUNJAL | Nov 28, 2023 | Finance & Economy, News & Insights
Exporters in India have expressed their concern over the influenza situation in China, warning that any spread of the disease could disrupt global supply chains and adversely impact world trade. While the current situation is not considered alarming, exporters fear...
by TANVI_MUNJAL | Nov 26, 2023 | Business & Policy, News & Insights
Think tank GTRI has suggested that reducing import duties on inputs and capital goods could potentially reduce the need for several existing export schemes, according to a statement released on Friday. This recommendation is seen as crucial in light of the ongoing...
by TANVI_MUNJAL | Nov 26, 2023 | Business & Policy, News & Insights
India’s exports of goods and services have the potential to reach USD 2 trillion by 2030, according to a report released by the PHD Chamber of Commerce and Industry (PHDCCI) on Thursday. The report highlights the importance of measures such as comprehensive...
