Trade Growth

India's exports projected to rise 6% in 2025, says Piyush Goyal

Union Commerce Minister Piyush Goyal on Wednesday expressed confidence that India's exports would grow by around 6 per cent this year compared to the corresponding period in 2024. Underscoring the country's strong performance in global trade despite challenges, the minister said discussions on free trade agreements (FTAs) were advancing with several countries. "India's exports would grow by around 6 per cent this year compared to the corresponding period last year. I believe we will end the year on a positive note," Goyal told reporters here, adding that discussions on free trade agreements (FTAs) were advancing with several countries. "India's growing strength and the fact that we will be moving in the Amritkal from a USD 4 trillion economy to a USD 30 trillion-plus economy clearly show that India is the place to do business. The world would like to work closer with India," he added. The minister emphasised that India's domestic momentum and external engagements were reinforcing e

India in 'sweet spot' amid tariff war, sees trade growth: Karan Adani

Karan Adani says US-China tariff war is boosting India's container trade, APSEZ to invest Rs 12,000 crore in FY26 and targets Vizhinjam port completion by 2028

India, China saw strong trade growth in Q4 2024 amid risks: UN report

Developing nations, particularly India and China, saw better than average trade expansion in the fourth quarter of 2024, a UN report has said but warned of a potential for an economic slowdown globally in the upcoming quarters. The latest Global Trade Update by UN Trade and Development (UNCTAD), covering data through early March, said that global trade expanded by nearly USD 1.2 trillion in 2024, reaching USD 33 trilliona result of a 9 per cent rise in services trade and a 2 per cent increase in goods trade. Developing nations, particularly China and India, saw better than average trade expansion, while many developed nations experienced trade contractions, it said. It said that China and India saw stronger trade momentum in Q4 2024 while the US remained a key driver. Merchandise trade showed mixed trends among major economies in Q4 2024. China and India trade continued to increase, particularly in exports. Conversely, export growth in South Korea decelerated, although it remaine

Trade gap, FPI outflows push banking liquidity into deficit after 2 months

The liquidity in the banking system stood at a deficit of Rs 6,956 crore on Monday, according to the latest data from the Reserve Bank of India

IEX trade volume increases nearly 21% to 11,370 million units in September

Indian Energy Exchange's (IEX) total trade volume rose 24 per cent year-on-year to 11,370 million units (MU) in September this year. The electricity volume increased 21 per cent year-on-year to 10,332 MU in September, an IEX statement said on Monday. According to the statement, IEX achieved total monthly (trade) volume (including certificates) of 11,370 MU in September 2024, marking a 24 per cent year-over-year increase. The Renewable Energy Certificates (REC) at 1,031 MU, increased 100 per cent year-on-year. At Rs 110 per certificate, the REC market recorded an all-time low price in the trading session held on September 25, 2024. These prices provide an opportunity to obligated entities (DISCOMS and Captive Power Producers) to meet their Renewable Purchase Obligations, and voluntary customers to meet their sustainability aspirations. With a steady monsoon in September, there was a significant rise in hydro and wind power generation, which led to a substantial drop in Day-Ahead Ma

A blueprint for boosting exports

Nine suggestions to revitalise trade and spur economic growth

Adani Group plans to invest $3 bn for global ports expansion in 3-5 years

Adani Ports aims to increase cargo traffic in the Middle East, Southeast Asia, Africa, and the Mediterranean through strategic acquisitions and partnerships over the next 3-5 years

Global merchandise trade growth in volume terms may dip 1.2% in 2024: GTRI

The growth in the global merchandise trade is likely to decline by 1.2 per cent, in value terms, due to the ongoing geopolitical uncertainties, economic think tank Global Trade Research Initiative (GTRI) said on Thursday. The US dollar value of world merchandise trade fell 5 per cent in 2023 to USD 24.01 trillion, but this decline was mostly offset by a strong increase in commercial services trade, which rose 9 per cent to USD 7.54 trillion, it said. This allowed world goods and commercial services exports on a balance of payments basis to slip 2 per cent in 2023 to USD 30.8 trillion. "Despite the World Trade Organization (WTO) expecting a 2.6 per cent rise in trade volume for 2024, the value of world merchandise trade is still seen to decline by 1.2 per cent in 2024 from 2023, continuing the trend of trade values falling behind the trade volumes," the think tank said. The WTO has projected that the world merchandise trade volume will grow by 2.6 per cent in 2024 and 3.3 per cent i

WTO halves 2023 global merchandise trade growth forecast to 0.8%

The report said merchandise trade volume was down 0.5 per cent year-on-year (Y-o-Y) in the first half of 2023, but a modest pickup is expected in the second half of the year

Global trade growth expected to be subpar at 1.7% in 2023: WTO

With this, the trade growth is below the 12-year average of 2.6 per cent since the trade collapse that followed the global financial crisis in 2008

Goyal calls for IITF-like fairs for showcasing swadeshi capabilities

This year, India's largest annual fair will see the participation of nearly 2,500 exhibitors from India and abroad

Next round of trade talks with India expected shortly: UK Minister

No discussion on immigration visas, says Greg Hands in response to question about another minister's controversial comment

Musical instruments' exports rise 3.5 times to Rs 172 crore in Apr-Sept

The country's musical instruments exports have increased to Rs 172 crore during April-September this fiscal against Rs 49 crore in the same period of 2013-14. Commerce and Industry Minister Piyush Goyal said in a tweet that the exports have risen to more than 3.5 times in the first six months of the current fiscal. "India's exports of musical instruments rose to more than 3.5 times in April-September 2022, as compared to the same period in 2013," Goyal said. On the jump in exports, Prime Minister Narendra Modi said the growth is encouraging. "With Indian music gaining popularity worldwide, there is a great opportunity to further grow in this sector," Modi tweeted.

India will achieve $2 trillion export target by 2030: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Sunday expressed confidence that the country will achieve the export target for goods and services to USD 2 trillion by 2030. The minister was speaking at the Exporters Conclave held at Chennai. Goyal emphasised on sustaining the export momentum and said that he is confident that Indian exports will be able to wither the global headwinds and will surpass growth in exports by a big margin. He also said that by 2047, the country will become a USD 30 trillion economy with 25 per cent share in exports. By the year 2030, exports from India will be USD 2 trillion, he said. The industry participants were assured that the government is committed to addressing the issues raised by them. Speaking at the event, A Sakthivel, President, Federation of Indian Export Organisations (FIEO) said that Indian exporters have good opportunities for exports to Russia and the EU despite recessionary trends visible there. He said that there would be about US

Global merchandise trade growth may not be sustainable, says WTO

Experts say this may have repercussions on Indian exports

BRICS Summit: Better economic linkages, trade growth on PM Modi's agenda

India is looking to step up engagement with Brazil in trade, defence, agriculture, and energy sectors, PM Modi said on Tuesday