NEW DELHI: Russia’s war with Ukraine and the consequent sanctions helped push the export of engineering goods, machinery and machine parts as well as aircraft spares from India during the last financial years, while traditional items such as pharmaceuticals, tea, coffee and tobacco stagnated or fell.While trade bodies say there is tremendous interest to import … Read more
New Delhi: India’s goods exports clocked the fastest growth in 20 months, rising 11.9% to $41.4 billion, the highest value of shipments since last March. Imports grew 12.1% to top $60 billion, resulting in a trade deficit of $18.7 billion.“If you look at the 11 months period of the financial year this is the highest … Read more
Despite various challenges arising out of geopolitical tension and tight financial conditions in major advanced economies, India’s engineering goods exports recorded a year-on-year growth of 10.20 per cent to USD 10.04 billion in December 2023. While this represents a strong rebound, the sector still faces uncertainties due to the prevailing global economic conditions, an EEPC … Read more