Overall, despite the geopolitical tensions, they estimate that CAD will fall to 1.1 percent of GDP in FY24 from 2 percent of GDP in FY23.
The cumulative engineering exports from April-November 2022-23 declined by 1.8% year-on-year to US$ 70.72 billion.
Innovation and focus on technology more important than production incentives to make local products globally accepted
Non-oil, non-gold imports in November 2020 also far lower than three years ago
The big jump in Chinese imports is a boon to the exports of the rest of the world
Imports in November this year fell by 16.37 percent to USD 33.83 billion, which is the lowest figure since March 2011, Director General of Foreign Trade Anup Pujari said.