Page 3 - India Export News Today

Over 50% of economists in a recent Reuters poll said government spending would be the primary driver, with investment playing a pivotal role. However, there are doubts over whether private sector investment will increase in order to add to the governments capex push. Despite predictions, there may be downgrades on the back of the challenging global economic outlook.

This paradigm shift in India's defence landscape has transformed the country from primarily being an importer of defence equipment to emerging as an exporter of significant platforms

The broader economic policy landscape under the current regime seems to be plagued by an environment of intellectual bankruptcy.

This is the third month in which goods exports have declined. 

Imports too declined by about 14 per cent, fifth month in a row, to USD 49.9 billion as against USD 58.06 billion recorded in the same month last year, the data showed.

March 2023 services exports data: Despite global headwinds, India's goods and services exports showed significant growth. As per the government’s preliminary estimates released in mid-April, the country’s services exports in March were $27.75 billion, while services imports were $14.05 billion. The country’s merchandise and services exports were up nearly 14 per cent on the year to $770.18 billion in the last fiscal year., Economy News, Times Now

Exports to the US rose by 2.81 per cent to $78.31 billion in 2022-23 as against $76.18 billion in 2021-22, while imports grew by about 16 per cent to $50.24 billion, the data showed.

Increasing exports to markets such as Brazil, South Africa and Saudi Arabia are boosting the growth of the countrys outbound shipments, FIEO said

India and Pakistans tussle against each other has been a story of arch rivalry. Recently, when India refused to travel to Pakistan for the next Asia Cup series, Pakistan Cricket Boards chief Ramiz Raza gave absurd comparisons quoting India vs Pakistans recent matches. Raza reportedly said that Pakistan defeated the billion-dollar industry twice in a year. So, since Ramiz Raza is out there comparing the recent performance of India vs Pakistan which is 2-2 in the last four games, lets look at some...

Imports during the month, however, grew by 5.44 per cent to USD 59.35 billion as against USD 56.29 billion in September 2021, the data showed.