Bangladesh, a major export market for India, is already grappling with inflation & unemployment. The unrest can worsen the situation, impacting import demand.
Removal of restrictions is expected to contribute towards economic stability. Exports were prohibited from 8 Dec 2023 due to an estimated 20% decline in Kharif and late Kharif production.
Data shows that India’s refined petroleum exports went from $96.57 billion in FY23 to $61.41 billion in FY24. Experts say decline is mainly due to Russia-Ukraine war.
Exports fall to $3.38 trillion. This highlights a larger slowdown in global economy, while US & allies continue to push for friendshoring supply chains.
China has announced export controls on graphite days after US instituted curbs on semiconductor chips. Countries like India, in process of transitioning to green energies, to be affected.
The country's exports to the Gulf nation in the electrical machinery & equipment and automobiles sectors grew by 32% & 42% respectively year-on-year between April 2022-March 2023.
New FTP expects e-commerce exports to grow up to $200-300 billion by 2030. It also proposes reduced licence fees for MSMEs, provisions for merchanting trade & more.
February merchandise exports were $33.88 billion, up from $32.91 billion in January, while imports rose to $51.31 billion from $50.66 billion, data showed.
Bhupen Wakankar, director of global trade at Amazon India, says e-commerce export is the simplest way for any business to get access to international buyers.
The political trajectory is clear. Asim Munir is now prepared to convict and sentence Imran Khan for instigating a rebellion against the army chief, with no possibility of mercy.
RBI data shows 26 states and Union Territories couldn’t regain pre-pandemic foreign tourist footfalls in 2024, but domestic tourism surged 27 percent compared to 2019.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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