In terms of major items of export, Frozen shrimp lead in quantity and value, while the USA and China became the major importers of India's seafood.
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The recently released export data revealed that sectors such as electronic goods, drugs and pharmaceuticals, organic and inorganic chemicals, engineering goods, petroleum products, plastics & linoleum, cotton yarn/fabs made-ups ( textiles manufactured), handloom products
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Despite the overall downturn, specific segments such as Gold and Silver segments displayed growth
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India’s total exports during April to May 2024 is estimated at USD 133.61 billion
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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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While CHASE India report outlines the ministry's focus on modernising the armed forces and central armed police forces with advanced weapons, equipment and technology
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Key Apple suppliers, particularly Foxconn, have bolstered their supply chains, contributing to this export success
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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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On the price front, higher raw material and freight costs led to a rise in input prices
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The manufacturers are navigating the declines in sales through various strategies such as introducing new models, enhancing distribution networks and focusing on export markets
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