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As of 2023, India is the seventh largest exporter of commercial services in the world, [12] accounting for 4.6% of global trade in services. India's service exports grew by 27%. [13] In September, India's prominent services industry experienced an acceleration in growth, buoyed by robust demand in the sector.
These two goods are constituting 53% total imports, 34% total exports and nearly 100% of total trade deficit (136 billion US$) of India in the financial year 2013–14. [2] The services trade (exports and imports) are not part of commodities trade. The trade surplus in services trade is US$70 billion in the year 2017–18. [3]
There are five main sub-divisions of the Trade Policy Forum, including The Agricultural Trade group, which has three main objectives: agreeing on terms that will allow India to export mangoes to the United States, permitting India's Agricultural and Process Food Products Export Development Authority (APEDA) to certify Indian products to the ...
Indian and Emirati officials are expected to review their trade agreement this week amid concerns raised by Indian industry over a sharp increase in imports of precious metals from the United Arab ...
India and the UK have resumed talks to strike a free trade deal after a year-long pause due to elections in both countries.. UK trade secretary Jonathan Reynolds met Indian commerce minister ...
In general, PTAs do not cover substantially all trade. The India Mercosur Preferential Trade Agreement is an example of a PTA. [2] A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members.
Kwatra said India-Russia trade had seen a sharp increase in 2023-24 and touched close to $65 billion "primarily due to strong energy cooperation", but Indian exports accounted for just $4 billion.
India and Kenya have growing trade and commercial ties. Bilateral trade amounted to $2.4 billion in 2010–2011 but with Kenyan imports from India accounting for $2.3 billion, the balance of trade was heavily in India's favour. India is Kenya's sixth-largest trading partner and the largest exporter to Kenya.