Demand uptick, easing inflation in developed mkts to provide silver lining for exports in 2024 dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
India s exports to Australia rise by 14 per cent to USD 5.8 billion in April-November, boosted by sectors like engineering and pharmaceuticals., , exports, trade, India Australia, Trade Agreement
India s exports to Australia surged 14% to USD 5.8 billion from April-November, benefiting engineering, pharma, and electronics sectors due to the free trade pact initiated last December. Negotiations for a broader trade deal are progressing, focusing on detailed rules of origin. Australian FDI in India rose from USD 30-40 million to USD 300 million this year. However, Indian imports from Australia fell by 19%, totaling USD 11.14 billion. Key growth sectors include engineering, pharma, and electronics, diversifying India s trade basket with Australia.
About 16.5 per cent of Indian exports to Oman, worth about USD 800 million and goods such as wheat, medicines, basmati rice, tea, coffee and fish that already have duty-free access, will not see additional benefits from the agreement, it added.