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India s toy exports saw a slight decline to USD 152.34 million in 2023-24 from USD 153.89 million the previous year. Despite quality control orders, exports did not benefit much. GTRI Founder Ajay Srivastava suggested a more comprehensive strategy to develop the industry and boost exports. ....
India s imports of electronics, telecom, and electrical products surged to USD 89.8 billion in 2023-24, with over half of these imports coming from China and Hong Kong, according to the Global Trade Research Initiative (GTRI). China dominates with a 43.9% share, highlighting India s heavy reliance on these countries. GTRI emphasizes the need to reduce this dependency to enhance economic resilience and safeguard digital sovereignty. The report suggests strategic diversification of sources and boosting domestic production capabilities to achieve this goal. ....
GTRI highlighted concerns over $700 million India spice exports at risk due to regulatory actions in critical markets. Urgent actions are needed to prevent widespread rejection and ensure the integrity of Indian spice products. ....
The government is considering several measures such as a flexible framework for the sale of products manufactured in SEZs in the domestic market, and streamlining approval processes for units. ....
Global Trade Research Initiative (GTRI) predicts a 1.2% decline in the value of global merchandise trade due to geopolitical uncertainties. The US dollar value of world merchandise trade fell 5% in 2023 to USD 24.01 trillion, but this was mostly offset by a strong increase in commercial services trade, which rose 9% to USD 7.54 trillion. This allowed world goods and commercial services exports on a balance of payments basis to slip 2% in 2023 to USD 30.8 trillion. ....