Bharat Express

Exports

India’s exports to the United States reached $77.5 billion in FY24, growing at a compound annual growth rate (CAGR) of 10.3% over the past 30 years, according to a Bank of Baroda report.

The report highlights that despite the slowdown, several sectors are performing well, and long-term prospects Of Indian Economy remains promising.

Apple has set a new milestone, with iPhone exports from India reaching nearly Rs 60,000 crore in the first seven months of FY25.

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