Articles for Merchandise Exports

DC Edit | Time to focus on service sector
6 days ago

DC Edit | Time to focus on service sector

Deccan Chronicle  

India’s service exports outstripped merchandise exports for the first time ever in November 2024, according to the commerce ministry’s trade data. After sustained growth beginning from February 2024, service exports stood at $37.6 billion and merchandise exports at $32.1 billion in November 2024. While India is known to export more services than it buys from other countries, the value of …

India Services Service Exports Sector Merchandise Exports Service Exports
India: Services Exports to Surpass Merchandise Shipments by 2030
1 month ago

India: Services Exports to Surpass Merchandise Shipments by 2030

Deccan Chronicle  

Chennai: With a growth rate double that of merchandise exports, services export is set to surpass the former in five years. Between FY2019 and FY2024, India’s merchandise exports grew at a compound annual growth rate of 5.8 per cent, while services exports surged ahead at a robust CAGR of 10.5 per cent. According to GTRI, at this rate, services exports …

India Billion Cent Obs Merchandise Exports Services Exports Services Export
Merchandise exports surge amid focus on key markets, countries
Trending News
1 month, 1 week ago

Merchandise exports surge amid focus on key markets, countries

Hindustan Times  

India’s merchandise exports registered 17.25% growth to $39.20 billion in October over the same month last year, with non-petroleum exports aggregating a record $211.34 billion in the first seven months of current financial year despite global headwinds, commerce secretary Sunil Barthwal said, crediting a concerted policy push and Christmas demand for the growth. India’s services exports in October 2024 is …

India Growth Data Services Focus Exports 2024
Merchandise exports in Oct up 17 pc
1 month, 1 week ago

Merchandise exports in Oct up 17 pc

Deccan Chronicle  

Chennai: Buoyed by festive demand in the key markets, merchandise exports in October rose 17.26 per cent year-on-year to $39.2 billion, while it grew 13.3 per cent sequentially. While imports rose 3.88 per cent year-on-year, the sequential growth of 20 per cent saw the trade deficit widening to $27.14 billion. Imports grew 3.88 per cent year-on-year to $66.34 billion against …

Exports Imports Billion Cent Oct Gold Imports Merchandise Exports
Dec quarter exports to record growth yearly and sequentially: Exim Bank
1 month, 1 week ago

Dec quarter exports to record growth yearly and sequentially: Exim Bank

Deccan Chronicle  

Chennai: Exim Bank has projected that merchandise exports in the ongoing December quarter will touch $107.5 billion, registering a yearly growth of 1.85 per cent and sequential gain of 5 per cent. While geo-political tensions are shrouding the prospects of trade across the globe, Exim Bank is hopeful that the country will see positive growth in merchandise exports in the …

India Growth Exports Billion Cent Quarter Merchandise Exports
BRICS+ Share Soars, Outperforming G7 in Global Goods Exports
1 month, 3 weeks ago

BRICS+ Share Soars, Outperforming G7 in Global Goods Exports

The Hindu  

BRICS+ group's share in global goods exports can overtake G7 by 2026, according to EY India. The BRICS+ group's share of global merchandise exports has risen from 10.7% to 23.3%, marking an impressive increase of 12.6 percentage points. In contrast, the G7's share has seen a notable decline, dropping from 45.1% to 28.9%. This trend highlights the growing prominence of …

Technology Global Trade Currency BRICS+ Group
India’s Trade Deficit Widens to $23.5B in July
4 months, 1 week ago

India’s Trade Deficit Widens to $23.5B in July

Deccan Chronicle  

Chennai: India's trade deficit widened to $23.50 billion in July as exports dipped 1.4 per cent and imports grew 7.5 per cent. However, combined exports of merchandise and services registered a growth of 2.8 per cent and the ministry expects this year’s combined exports to be higher than last year’s. Merchandise exports in July this year dipped by 1.4 per …

Merchandise Exports Imports Billion Cent Last Year Combined Exports
September quarter to see 4.2 pc growth in exports: Exim Bank
4 months, 1 week ago

September quarter to see 4.2 pc growth in exports: Exim Bank

Deccan Chronicle  

Chennai: Merchandise exports from India in the ongoing September quarter are projected to grow by 4.2 per cent to $111.7 billion, according to the Exim Bank. While the merchandise export for the second quarter of the fiscal is projected to grow by 4.2 per cent, the growth will be slower than the first quarter which saw merchandise exports growing by …

India Growth Merchandise Exports Cent Quarter Grow
India's exports in Q1 show resilience despite global slowdown: CRISIL
5 months ago

India's exports in Q1 show resilience despite global slowdown: CRISIL

New Indian Express  

India's exports have shown resilience amidst global challenges, with merchandise exports rising by 5.8% to $109.96 billion in the first quarter of fiscal 2025, according to CRISIL. "On a cumulative basis, merchandise exports rose 5.8% to $109.96 billion for the first quarter of fiscal 2025, from $103.9 billion in the year-ago period. This growth in exports in the first quarter …

India Exports Crisil Merchandise Exports
Merchandise exports up 2.55 pc in June
5 months, 1 week ago

Merchandise exports up 2.55 pc in June

Deccan Chronicle  

Chennai: Merchandise exports registered a positive growth of 2.55 per cent at $35.20 billion in June against the same month last year. Merchandise exports at $35.20 billion in June was 2.55 per cent higher than $34.32 billion garnered in June 2023. In the June quarter, merchandise exports were valued at $109.96 billion against $103.89 billion in the year ago period- …

Growth Merchandise Exports Billion Cent Merchandise Exports
Resilient economy, price stability to support India's promising growth story: FinMin report
7 months, 4 weeks ago

Resilient economy, price stability to support India's promising growth story: FinMin report

The Hindu  

Resilient growth, price stability and steady external sector outlook continue to support India's promising economic performance amid uncertain global conditions, a Finance Ministry report said on Thursday. The report said the global economic growth landscape is seeing a gradual resurgence, marked by fading fears of recession and rebounding growth in major economies. Talking about global economic growth recovery, the report …

Global India Economic Merchandise Exports Growth Price
India’s services export grew faster than global average in 2023: UNCTAD data
7 months, 4 weeks ago

India’s services export grew faster than global average in 2023: UNCTAD data

Hindustan Times  

NEW DELHI: India’s annual services export grew at 11.4% in 2023 against the global average of 8.9% and surpassed China which witnessed a 10.1% contraction in the year, according to the quarterly bulletin released by the United Nations Conference on Trade and Development. Robust services trade helped India to compensate for a 3.11% year-on-year contraction in merchandise exports in FY2024 …

India China Trade Data Billion Exports Grew Merchandise Exports
India’s monthly merchandise exports rise to $41.40 billion in February
9 months, 1 week ago

India’s monthly merchandise exports rise to $41.40 billion in February

Hindustan Times  

NEW DELHI: India reported a robust 12% annualised growth in merchandise exports at $41.4 billion in the month of February despite global headwinds, narrowing contraction in the first 11 months of 2023-24 by 3.6% to $395 billion, a senior official said. In 2022-23, India’s merchandise exports crossed $451 billion while overall exports achieved a record $770 billion. Releasing the monthly …

India Growth Services Overall Billion Merchandise Exports Overall Exports
Merchandise exports 11-month high in Feb
9 months, 1 week ago

Merchandise exports 11-month high in Feb

Deccan Chronicle  

Chennai: At $41.4 billion, merchandise exports in February recorded both yearly as well as sequential growth. Merchandise exports in February rose 11.9 per cent to $41.4 billion in February, the highest in the current fiscal. Merchandise imports grew 12.16 per cent to $60.1 billion in February against the same month of 2023. Services exports grew 17 per cent to $32.15 …

Trade Merchandise Imports High Billion Cent Merchandise Exports
India’s merchandise exports up 3.12% in January
10 months, 1 week ago

India’s merchandise exports up 3.12% in January

Hindustan Times  

India’s merchandise exports reported a 3.12% increase to $36.92 billion in January despite global headwinds, showing positive growth for the second consecutive month, with overall exports -- both goods and services -- estimated to have risen 9.27% to $69.72 billion in the month, government data released on Thursday said. Releasing trade data for January, commerce secretary Sunil Barthwal said, “Despite …

India Merchandise Exports Billion Red Sea Merchandise Exports Barthwal
Merchandise exports to grow 3% in Q4 despite Red Sea hurdles: India Exim Bank
10 months, 2 weeks ago

Merchandise exports to grow 3% in Q4 despite Red Sea hurdles: India Exim Bank

Live Mint  

The Export-Import Bank of India has forecast a 3% growth in India’s merchandise exports in the final quarter of FY24 despite the ongoing disturbances in the Red Sea. The bank predicts that India’s total merchandise exports will reach $118.2 billion by the end of March, with non-oil exports accounting $95 billion, marking a year-on-year growth of 4.55% in Q4. With …

Growth Bank Merchandise Red Exports Billion Red Sea
Merchandise exports down 9% in Feb
1 year, 9 months ago

Merchandise exports down 9% in Feb

Live Mint  

New Delhi: India’s merchandise exports declined by nearly 9% in February, the third contraction in the current fiscal, led by a persistent demand slowdown across major markets including the US and the European Union. “Amid a challenging external environment and tepid demand from key markets, engineering goods exports have seen a downward trend and recorded negative growth in seven out …

India Growth Trade Indian Exports Imports Month
Merchandise exports dive 12% in December
1 year, 11 months ago

Merchandise exports dive 12% in December

Live Mint  

India’s merchandise exports fell by 12% in December, marking the second decline in three months, as demand slowed down in major markets such as the US and the European Union. India’s merchandise exports dropped to $34.48 billion in December, while imports declined by 3.4% to $58.24 billion, resulting in a trade deficit of $23.76 billion, data released by the ministry …

Global India Trade Russia Merchandise Exports High
Aakar Patel | The rise & fall of India’s exports: Can we take it up to $1tr by 2030?
2 years, 2 months ago

Aakar Patel | The rise & fall of India’s exports: Can we take it up to $1tr by 2030?

Deccan Chronicle  

In 2004, when Dr Manmohan Singh took over as India’s Prime Minister, the country’s merchandise exports stood at $63 billion. India’s merchandise exports in 2021 crossed $400 billion for the first time because of this. On April 4 this year, the Press Information Bureau put out a release headlined: “India achieves all-time high annual merchandise exports, touching USD 417.81 billion …

India Growth Global Trade Merchandise Exports Billion Goyal
Current account deficit likely to hit three-year high at $43.8 billion in FY22
2 years, 6 months ago

Current account deficit likely to hit three-year high at $43.8 billion in FY22

The Hindu  

The country's current account deficit is likely to hit a three-year high of 1.8% or $43.81 billion in FY22, as against a surplus of 0.9% or $23.91 billion in FY21, a report said on Thursday. According to an assessment by India Ratings, the Current Account Deficit has moderated to $17.3 billion or 1.96% of GDP in the fourth quarter of …

India Exports High Billion Quarter Current Account Deficit Fy22
Government eyes $1 trillion goods exports by FY28
3 years, 4 months ago

Government eyes $1 trillion goods exports by FY28

Deccan Chronicle  

Chennai: The central government has set an ambitious target of tripling merchandise exports to $1 trillion in flat six years. India's merchandise exports have remained almost stagnant between $290 billion and $330 billion for the last 10 years. The country's merchandise exports are expected to touch $1 trillion by 2027-28, commerce secretary B.V.R. "We have actually laid down a road …

Merchandise Exports Export Merchandise Exports
Decoded | Why India's exports are at a record high
3 years, 4 months ago

Decoded | Why India's exports are at a record high

India Today  

India’s economy has been recovering steadily after the deadly second wave of Covid-19 dented the GDP growth outlook. Merchandise exports from India hit a record high of $35.2 billion in July 2021 — the highest-ever monthly figure ever in the country’s history. Read | India’s exports continue upward climb in May, trade deficit hits 8-month low DEFINITION OF EXPORTS AND …

Global India Growth Record Trade Economic Growth Indian
Nirmala Sitharaman announcements: "PLI scheme for electronics manufacturing extended till 2025-26"
3 years, 5 months ago

Nirmala Sitharaman announcements: "PLI scheme for electronics manufacturing extended till 2025-26"

The Hindu  

Union Finance Minister Nirmala Sitharaman is announcing relief measures to boost health infrastructure and exports among others. The total financial implication of this free visa scheme would be Rs 100 crore. Emergency Credit Line Guarantee Scheme An additional Rs 1.5 lakh crore has been granted under the Emergency Credit Line Guarantee Scheme, which was announced last year. Rs 50,000 crore …

India Farmers Focus Exports Crore Lakh Pli
Merchandise exports continues to decline in August, trade deficit widens sequentially
4 years, 3 months ago

Merchandise exports continues to decline in August, trade deficit widens sequentially

Deccan Chronicle  

Merchandise exports continued to decline for the sixth straight month in August. In the month of August, merchandise exports stood at $22.70 billion as compared to $25.99 billion in August 2019, exhibiting a negative growth of 12.66 per cent. Cumulative exports of $97.66 billion between April and August was 26.65 per cent down compared to $133.14 billion in the same …

Exports Imports Trade Deficit Billion Cent Deficit Merchandise Exports