Exports to remain tepid amid global blues; domestic demand to propel growth: CEA
Amid the changing tariff order, Nageswaran said there could be some outlier years now and then and one may have to make most of them.
Amid the changing tariff order, Nageswaran said there could be some outlier years now and then and one may have to make most of them.
The dip in exports was primarily due to the decline in the value of petroleum products and gem and jewellery exports.
Since its launch in 2015, Amazon’s Global Selling program has enabled 1.50 lakh Indian exporters to sell over 40 crore ‘Made in India’ products to customers worldwide.
Creation of wider ecosystem more essential than cut in custom duty
India's goods exports rose by 2.6% to $35.2 billion, while merchandise imports grew by 4.9% to $56.18 billion.
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.