India’s exports to Saudi Arabia stood at USD 11.6 billion in the financial year 2024 as compared to imports worth USD 31.8 billion in the previous financial year
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The Vice President expresses concern over the export of raw materials, such as iron ore, without value addition
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For the period from April to July 2024, the total export value of electronic goods reached USD 11.24 billion
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India’s merchandise trade deficit was higher, as imports have risen at a sharper pace than exports
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The outlook is, however, subject to risks of uncertain prospects for advanced economies, geopolitical shocks, it says
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In comparison with last year, the price realisation by onion farmers in current year has been much higher, minister observed
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The platform is expected to provide international trade-related information and data, along with information on benefits available due to India’s free trade agreements (FTA) with other countries
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India has a high trade deficit with Russia, having been importing a large portion of its energy needs from Russia over the past couple of years
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Overall trade deficit significantly improved from USD 121.6 billion in 2022-23 to USD 75.6 billion in 2023-24
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For India, special economic zones (SEZs) are important hubs of export, contributing to over one-third of the country's total exports in the previous fiscal year
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