India’s merchandise exports contracted 10.3% year-on-year in May to $34.98 billion from $39 billion a year ago, data released on Thursday showed. Imports also shrank 6.6% on-year to $57.1 billion from $61.13 billion, leaving a trade deficit of $22.12 billion in May from $22.13 billion a year ago. Commerce Secretary Sunil Barthwal said headwinds still … Read more
Despite various headwinds, India’s overall foreign trade has shown steady growth. The country’s overall exports (merchandise and services combined) in October 2022 are estimated to be USD 58.36 billion, exhibiting a positive growth of 4.03 per cent over the same period last year. Overall imports in October 2022 are estimated to be USD 73 billion, … Read more
India-Sweden Healthcare Innovation Centre, a collaboration between the Swedish Trade Commissioner’s Office, AIIMS Delhi and AIIMS Jodhpur, virtually launched its second edition of the healthcare innovation challenge. The innovation challenge is an opportunity for startups to collaborate with partners on the Innovation Centre platform to help solve some of the problems in the healthcare delivery … Read more
A new focus on investment would be the perfect complement to the call for Atmanirbhar Bharat. The first is a necessary condition for the second. Synopsis The reality is that only one component of GDP — investment — can send growth into orbit. For double-digit growth, investment needs to touch 40% of GDP. We know … Read more