Tag: exports
In 2023, the Indian government announced an ambitious goal: achieving $2 trillion in exports by 2030, evenly split between merchandise and services. However, recent data reveals a challenging reality: India's merchandise exports declined by 3% from $451 billion in fiscal year 2022-23 to $437.1 billion in 2023-24. To achieve...
India's trade performance in the fiscal year 2023-24 has raised significant concerns, with the latest figures revealing trade deficits with nine out of its top 10 trading partners. This glaring imbalance underscores the urgent need for a comprehensive approach to bolster India's exports and enhance its competitiveness in the...
