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India clocks surge in exports of hi-tech goods, digital services despite global volatility
July 15, 2025
|The Political and Business Daily
INDIA‘S trade performance in Q3 FY25 (October-December 2024) reflected cautious resilience amid geopolitical volatility and shifting global demand, according to the NITI Aayog's quarterly report released on Monday.
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Merchandise exports registered a year-on-year growth of 3 per cent, reaching $108.7 billion.
The export composition remains stable; aircraft, spacecraft and parts entered the top ten exports surging by over 200 per cent year-on-year due to increased demand from Saudi Arabia, UAE, and the Czech Republic, the report states.
High-tech merchandise exports have gained momentum since 2014, led by electrical machinery and arms/ammunition, growing strongly at 10.6 per cent Compound Annual Growth Rate (CAGR).
“The latest edition of Trade Watch Quarterly, for Q3 of FY 2024-25, provides a timely and data-rich analysis of India’s merchandise and services trade, alongside an in-depth exploration of evolving US trade policies and their implications for India,” said Dr. Arvind Virmani, Member, NITI Aayog while releasing the report.
هذه القصة من طبعة July 15, 2025 من The Political and Business Daily.
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