Exports
Garment Exports See 11.4% Growth in Apr-Nov Amid Global Challenges: AEPC
With the changing geopolitical equations, a lot more business will shift to India in the near future, the Apparel Exports Promotion Council (AEPC) said.
Industry Predicts India's Total Exports Will Exceed $800 Billion in the Coming Months
India's exports accelerated into over $73 billion in October from more than 61 billion in the same month last year, thereby registering above 19 per cent growth.
India's Merchandise Exports Grow by 17.25% in October
These include engineering goods, electronic goods, organic and inorganic chemicals, and textiles-accounting for double-digit growth in exports during the slowdown in global trade-showing growing strength in India's manufacturing sector.
RBI Reports Export Sector's Revival as Key Driver of India's Growth
The report notes that, except for China, nine out of the top ten export destinations—representing around half of the total export value—are seeing increased demand.
July Sees Surge in Electronics, Dairy, and Poultry Exports: Report
The Crisil report points out that electronic goods soared by 37.3%, while meat, dairy, and poultry products surged by 56.2%, and oil meals shot up by 22%. On the other sectors' front, readymade garments, spices, and tea have also shown strong export growth. In readymade garments, it went up by 11.8%; in spices, it rose by 13%, and in tea by 21.8% on a year-on-year basis.
India's Exports to Key Markets See Strong Double-Digit Growth
New data collated by the Commerce and Industry Ministry shows that India's exports to the USA grew by a robust 10.4 per cent during the quarter. Shipments to The Netherlands jumped by 41.3 per cent while exports to the United Kingdom rose by 21.9 per cent.
India's Q1 FY25 Exports Strong Despite Challenges, Core Sectors Thrive
In contrast, handmade carpets, jute manufacturing including floor coverings, and leather and leather products have declined. More noticeably, petroleum exports dropped by 18.3% year-on-year and by 18.5% month-on-month in June.
India's Goods and Services Exports Surge 8.6% to Exceed $200 Billion in Q1 2024-25
The data indicates that merchandise exports grew by 2.55%, amounting to $35.20 billion in June, compared to $34.32 billion in June 2023. The cumulative merchandise exports for April-June 2024 reached $109.96 billion, reflecting a 5.84% increase from $103.89 billion during the same period last year.
Resilient Growth: India's Textile Exports Rise 9.6% Against Global Challenges
According to a CITI report, May 2024 Combined textiles and apparel exports were higher by 9.70 percent when compared to May of the previous year. The Country's overall exports in May 2024 stood at USD6812916 million, which is 10.2 percent higher when compared to the same month of the previous year, according to the commerce ministry data.
India clocks record rise in exports, employment at 18-year high in May: Insights from PMI Data
The PMI figures indicated the third-highest upswing in private sector output since July 2010. While the manufacturing segment remained a positive factor for the growth of sales and production, it was the service sector which fuelled the latest acceleration in the overall economic activity.
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