Analysis of Indian data shows merchandise accounts for a shrinking share of India’s total export basket. This decline has accelerated since 2014, despite Modi govt's ‘Make in India’ push.
India posted healthy growth in exports in October, even as imports grew sequentially. Donald Trump’s policy stance will have significant impact on India’s trade balance with US.
Donald Trump has been vocal about India’s high import tariffs and has threatened retaliation. Simultaneously, his tough stand on China could see Chinese goods flood India.
PM Modi has sought to incentivise manufacturing in India through PLI schemes, but the components have come mainly from China, with Indian companies only engaged in assembling.
India’s clothes exports also feature in international news, as do the factors holding the country back. It also looks at govt's Leprosy Mukt Bharat campaign & its ambitious target of 2027.
Despite contraction in exports, India’s merchandise trade deficit improved in 2023-24, owing to steeper drop in imports. However, the trade deficit with China & Russia widened.
This comes when many global agencies have revised upwards their global growth projections for 2024, which could further boost exports. US India’s top export destination, followed by UAE.
Europe's share in Indian exports has gone up while Asia’s share is declining. The problem for India is: Europe’s economy is expected to struggle while Asia is set to drive global growth.
In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
While both India and China have carried out disengagement in Eastern Ladakh, the process of de-escalation is still under discussion & has not been agreed upon.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
What an absolute pity. The heading itself dismays me so much, have no heart to read what is always a fine column. Houston, we are in trouble, with or without a side order of digging up Emperor Aurangzeb’s grave.
What an absolute pity. The heading itself dismays me so much, have no heart to read what is always a fine column. Houston, we are in trouble, with or without a side order of digging up Emperor Aurangzeb’s grave.