demand for Indian products abroad

demand for Indian products abroad

Blog Article

This marks the second-highest export performance in any April over the past decade, showcasing India’s growing competitiveness in global markets. Key contributors to this growth include a 39.51% surge in electronic goods, an 11.28% rise in engineering goods and a 14.43% increase in ready-made garment exports, indicating robust demand for Indian products abroad. While imports grew to US $ 64.91 billion, reflecting domestic demand and investment in growth sectors like energy and electronics, this also positions India strategically as a country actively engaging in global trade to fuel its development. The resulting trade deficit of US $26.42 billion, though elevated, reflects India’s expanding economy, rising consumption and value chains with imports linked to export growth— all indicators of underlying economic strength สล็อต เว็บตรง