Live
- Power generation up at 140bn units
- India formally sends letter of intent to host 2036 Olympics: Sources
- OnePlus 13 India Launch Soon: Expected Price, Specifications, and Key Features
- Pollution spikes after Deepawali fireworks in capital
- Lokayukta police to summon CM for questioning in MUDA case tomorrow
- AP DGP Dwaraka Tirumala Rao addresses media, emphasises commitment of people
- Two Bengaluru residents lose ₹95 lakh to cyber fraudsters
- Lady Aghori alleges misbehavior by toll gate staff
- Karnataka prohibits all forms of manja after PETA plea
- Boy Dies in Tragic School Gate Collapse at ZP High School, Hayatnagar
Merchandise imports to cross $700 billion
India's merchandise imports are estimated to grow by about 16 per cent to $710 billion in this fiscal due to a jump in inbound shipments of crude oil, coal, diamonds, chemicals and electronics, a report by economic think tank GTRI said on Wednesday.
New Delhi: India's merchandise imports are estimated to grow by about 16 per cent to $710 billion in this fiscal due to a jump in inbound shipments of crude oil, coal, diamonds, chemicals and electronics, a report by economic think tank GTRI said on Wednesday. The Global Trade Research Initiative (GTRI) also said that the Indian economy will be moderately impacted by weak global demand and recession in large economies. Six product categories - petroleum, crude oil; coal, coke; diamond, precious metals; chemicals, pharma, rubber, plastics; electronics; and machinery - account for 82 per cent of India's total merchandise imports. "India's merchandise imports for the fiscal year ending March 2023 are estimated to touch $710 billion, up from $613 billion in FY22, an increase of over 15.8 per cent over last year," GTRI co-founder Ajay Srivastava said.
