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India top 15 Import Trade Partners for 2023-2024 (Apr 2023-Feb 2024)

Imports from the US declined by approximately 20 percent, settling at US$40.8 billion, as indicated by the data.

In FY24, imports from India’s key free trade agreement (FTA) partners (South Korea, Japan, Australia, UAE, Mauritius, ASEAN, and SAFTA) exhibited a robust growth rate, outpacing the overall influx of goods into the country. Specifically, these imports saw an impressive increase of nearly 38 percent, reaching a total of US$187.92 billion. This growth rate surpassed the 31.4 percent jump in India’s total imports, which amounted to US$675.45 billion during the same period. India’s total outbound shipments to its FTA partners grew at a more subdued pace. 🚀

India’s Rice Exporters Challenge Ban in Supreme Court: Seeking Justice for Pre-Ban Contracts”

India’s rice exporters are turning to the Supreme Court to lift the export ban imposed by the Directorate General of Foreign Trade.
They argue the ban is arbitrary and unconstitutional, impacting their ability to fulfill international contracts made before the restrictions.
Will the court side with the exporters?

Stay tuned to find out!

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Exploring new horizons in India-Africa commerce! 🇮🇳🤝🌍
Noel Tata highlights the potential of Rupee trade and mutual trust between financial institutions as key drivers for enhancing trade ties.
With a focus on agriculture and innovative financial solutions, India is committed to providing adaptable solutions tailored to Africa's unique needs.

Let's strengthen our global partnerships and pave the way for a prosperous future together!

Did you know? India ranks as the world's 18th largest exporter!🌏

From exquisite textiles and spices to cutting-edge technology and pharmaceuticals, India plays a vital role in the global market.
Our exports include a wide range of products such as agricultural goods, gems & jewelry, automotive parts, and IT services.

India's rich tradition of craftsmanship and innovation ensures a diverse export portfolio that significantly boosts the global economy. 🌐📈

Want to be a part of this success and learn all about exporting?
Don't wait! Join our comprehensive export tutorial and learn from the experts.
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🌾📉 India's Agriculture Exports Face Challenges 📉🌾

India’s agriculture exports dropped by 3% to $5.88 billion in Q1, affected by global headwinds and tight domestic supply conditions. Here’s a breakdown of the situation:

🔹 Rice Exports: Constrained by export controls on non-basmati varieties, rice exports fell by 0.46%, totaling $2.8 billion.
🔹 Shipping Costs & Air Freight: The ongoing Red Sea crisis has increased shipping costs and air freight, impacting logistics.
🔹 Maize Exports: Despite good production, a fall in global prices and higher local prices have reduced maize exports.
🔹 Non-Regulated Agriculture: Exports of items like basmati rice, buffalo meat, fresh vegetables, and fruits saw a 3% growth.
🔹 Government Initiatives: APEDA is focusing on boosting exports of 25 identified products, including onion, basmati rice, and banana.
🔹 Upcoming Solutions: A new online platform is being developed to tackle non-trade barriers, aiming for a more effective resolution.

🌐💼 Stay tuned as India works towards overcoming these challenges and boosting its agricultural exports! 💼🌐