India's seafood export volume hits all-time high in FY24
India shipped 17,81,602 metric tonnes of seafood worth ₹60,523.89 crore in FY24.
India shipped 17,81,602 metric tonnes of seafood worth ₹60,523.89 crore in FY24.
The highest growth was registered in exports of coffee (64.23%) and tobacco (58.38%).
Not just in FY24, even decadal growth in exports has fallen to 5.2%, from 13.9% in previous decade.
India’s merchandise imports in April 2024 were $54.09 billion, as compared to $49.06 billion in April 2023.
India is now among top five exporters in a large number of categories. The lessons from these successes can be used to dominate in other sectors.
The increase in export of services from India is expected to compensate for the decline in merchandise exports.
China's share in the global exports market has increased by 1.7% in the last five years
India's chemical exports to North America dropped significantly, from 21% (between 2019 and 2021) to 2% (from 2021 to 2023), says McKinsey.
The EFTA states have become the first European partner to conclude an FTA with India.
India is emerging as a start-up nation, creating 12 lakh-plus jobs. The MSME sector, meanwhile, contributes more than 29% to the country’s GDP and is responsible for 50% of total exports.