Bharat Express

Exports

In August, India’s total exports, including merchandise and services, amounted to $65.40 billion. Merchandise exports for the month were $34.71 billion, down from $38.28 billion in August 2023

Apple Inc. reports a surge in iPhone exports, boosting India's electronics sector with over Rs 16,500 crore (nearly $2 billion) in the first two months of FY25.

According to the HSBC PMI data, the Indian economy witnessed a historic surge in exports and the most substantial increase in employment in almost 18 years.

Leader Kim Jong Un inspected a new tactical missile weapons system and urged an epochal change in war preparations by achieving arsenal production targets

Despite increased sanctions in 2023, the Russian energy industry has grown well

The tax rates are reviewed every two weeks depending on the average of the previous two weeks' oil prices

The country's trade imbalance was USD 24.16 billion

India's Trade Deficit Reaches Lowest Point in 21 Months at $1.38 Billion

Many import deals have been scrapped or put on hold in recent years, including the plan to buy 33 fighter aircraft from Russia, high caliber guns for the Navy from the US, high altitude long endurance drones

Over the last two years, India's exports have surged by more than $200 billion, owing to a surge in software, mobile exports, and agricultural and petroleum products.