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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]
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 ...
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.
The Indian Trade Service (ITdS) is a civil service [1] under Group A of the Central Civil Services of the executive branch of the Government of India.It was created as a specialized cadre to handle India's international trade and commerce on the basis of the recommendations of the Mathur Committee (Study Team on the Import and Export Trade Control Organization headed by Sri H.C. Mathur, Member ...
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.
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.
Between 1993 and 2003, ASEAN-India bilateral trade grew at an annual rate of 11.2%, from US$2.9 billion in 1993 to US$12.1 billion in 2003. [7] Much of India's trade with ASEAN is directed towards Singapore, Malaysia, and Thailand, with whom India holds strong economic relations. [6] In 2008, the total volume of ASEAN-India trade was US$47.5 ...
The India International Exchange Limited (India INX) is India's first international stock exchange which is launched as a subsidiary of the Bombay Stock Exchange (BSE). [2] It is located at the International Financial Services Centre , GIFT City in Gujarat .