President Murmu urges EEPC to help make India a leading innovation economy

September 8, 2025 2:32 PM

President Murmu urges EEPC to help make India a leading innovation economy

President Droupadi Murmu on Monday called on the Engineering Export Promotion Council (EEPC) to work with determination to help position India as a leading innovation economy. She was addressing the Platinum Jubilee celebrations of EEPC India in New Delhi. The President said that India, once known as a global centre of trade and knowledge, must regain that status. “EEPC, being an important stakeholder in the economic sector, should take this resolution with great determination,” she remarke...

India well positioned to regain strong export growth as global trade conditions likely to stabilize in H2 of 2025: Experts

June 17, 2025 9:33 AM

India well positioned to regain strong export growth as global trade conditions likely to stabilize in H2 of 2025: Experts

India's trade performance in May 2025 has shown strength and stability despite uncertain global conditions, according to views shared by industry experts and economists. FIEO President S C Ralhan highlighted that India's total exports, including goods and services, increased by 2.8 per cent to USD 71.12 billion in May 2025, up from USD 69.20 billion in May 2024. The growth was mainly driven by services such as software, consultancy, and financial services. Even though merchandise exports dipped...

India’s strong domestic market cushions economy against global trade shocks: Report

May 21, 2025 1:50 PM

India’s strong domestic market cushions economy against global trade shocks: Report

India is in a stronger position than other countries to withstand global trade disruptions, in the wake of the US tariff turmoil, due to the large size of its domestic market and the country’s low dependence on goods exports, according to a Moody’s report released on Wednesday. The report points out that the government initiatives, such as increasing infrastructure investment, steps taken to boost private consumption, will help shield India’s economy from weakening global demand. “Indi...

APEC highlights ‘fundamental challenges’ in global trade as tariffs overshadow meeting

May 16, 2025 4:41 PM

APEC highlights ‘fundamental challenges’ in global trade as tariffs overshadow meeting

The Asia-Pacific Economic Cooperation group adopted a statement on Friday that cited "fundamental challenges" facing the global trading system, but stopped short of discussing a joint response to U.S. tariffs looming large over its meeting. The annual gathering is the first major multilateral trade gathering since U.S. President Donald Trump's announcement of sweeping tariffs that hit more than half of the 21 members of the bloc with U.S. import duties in excess of the 10% minimum. ...

Brazil nixes BRICS currency, eyes less reliance on ‘mighty’ dollar

February 13, 2025 6:45 PM

Brazil nixes BRICS currency, eyes less reliance on ‘mighty’ dollar

Brazil's BRICS presidency this year will not advance a common currency for the group of major developing economies this year, four government officials said, but its agenda may pave the way for less reliance on the U.S. dollar in global trade. That agenda could draw the ire of U.S. President Donald Trump, who has twice in recent months warned the BRICS group, founded by Brazil, Russia, India, China, not to challenge the dominance of "the mighty U.S. Dollar." "There is no chance that BRICS will...

India set to redefine global trade at 6.4% CAGR over next decade: Report

January 13, 2025 6:58 PM

India set to redefine global trade at 6.4% CAGR over next decade: Report

India is poised to redefine its role in global trade, with a projected compound annual growth rate (CAGR) of 6.4 per cent in trade over the next decade, roughly in line with its high GDP growth, according to a report on Monday. The ASEAN region and especially India, are among the greatest beneficiaries of production shifts spurred by geopolitics, such as trade tensions between the US and China. "We project 6.4 per cent CAGR in India’s total trade through 2033, to $1.8 trillion annually, roug...

India’s share in global trade doubled since 2005, comparatively moderated in last 10 years: report

December 26, 2024 3:41 PM

India’s share in global trade doubled since 2005, comparatively moderated in last 10 years: report

India has doubled its contribution to global trade over the last two decades, marking a significant rise in its share of global exports and imports, according to a report by the National Stock Exchange (NSE). However, the pace of growth has moderated in the past decade due to global economic challenges. The report reveals that India’s share in global merchandise exports increased from 0.9 percent in 2005 to 1.8 percent in 2023, while its share in services exports more than doubled from 2 perc...

India’s growing role in global trade

December 4, 2024 1:38 PM

India’s growing role in global trade

India’s exports have seen significant growth across various sectors, driven by technological advancements and competitive manufacturing. The nation has expanded its reach in areas such as petroleum oils, agrochemicals, semiconductors, and precious stones, solidifying its position in global trade. In 2023, India became the second-largest global exporter of petroleum oils, with exports increasing from $60.84 billion in 2014 to $84.96 billion. The country now holds a 12.59% share of the global m...