Indo-Australia trade deal: Indo-Australia trade deal boosts engineering exports, despite import surge
Engineering exports to Australia reached USD 944 million in April-November 2023-24, a 3 per cent increase. However, imports from Australia also saw a significant 30 per cent upswing during the same period. India's engineering imports from Australia reached USD 355.02 million during April to October 2023-24. The share of India's engineering exports to its total merchandise exports to Australia also witnessed a significant rise, reaching 15.1 per cent during the review period.
Source: indiatimes.com