What has local train travel got to do with exports? Analysis suggests a strong link. A one-standard-deviation increase in geographic integration leads to a 4% rise in a firm’s export revenue, driven by a 5% reduction in the unit price of exported products and a 9% increase in export volume
While US goods imports from China declined by 10% from 2018 through 2022 in inflation-adjusted terms, they rose by 44% from India, 18% from Mexico and 65% from the 10 countries of the Association of Southeast Asian Nations (ASEAN), a recent study by Boston Consulting Group has pointed out.
"We have set an ambitious goal of achieving apparel exports of USD 40 billion by the year 2030. This target, aptly named 40 by 30 reflects our commitment to reaching new heights and pushing our limits in the ongoing decade," said AEPC Chairman Naren Goenka in a statement.
Gems And Jewellery: "The UAE imports a total of USD 10.48 billion worth of jewellery from around the world, and a significant portion, approximately 30 per cent is sourced from India," Vipul Shah, the Chairman of Gem and Jewellery Export Promotion Council (GJEPC), has said.
For the first half of 2023-24, India s exports were down 8.7 percent year-on-year, while imports were 12.2 percent lower. However, trade deficit for the month of September stood at 5-month low of $19.37 billion