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Service Trade Surplus, Remittances to Offset US Tariff Hikes
November 19, 2024
|The Business Guardian
In October, India's exports surged to USD 39.2 billion, driven by robust growth in core exports (27.7 per cent) and the gems and jewellery sector (8.7 per cent).
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The tariff hikes proposed by Donald Trump may pose a threat to India's exports, but the country's surplus in services trade and robust remittances flow may provide comfort, highlighted a report by CRISIL.
The report stated that India's export sector is navigating multiple challenges, including geopolitical uncertainties, and these factors could pose risks to India's export performance.
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