Try GOLD - Free
India's Exports to Aus Rise 14% in 2023-24
Hindustan Times Noida
|December 30, 2024
India's exports to Australia grew over 14% in 2023-24 following the implementation of the India-Australia Economic Cooperation and Trade Agreement (ECTA), commerce minister Piyush Goyal said on Sunday, describing the deal as "landmark".
NEW DELHI:
The agreement, signed on April 2, 2022 and operationalised on December 29 that year, has increased market access for Indian exporters, expanded opportunities for MSMEs and farmers, and generated several employment avenues, Goyal said in a post on X.
Bilateral merchandise trade more than doubled from $12.2 billion in 2020-21 to $26 billion in 2022-23, though it moderated to $24 billion in 2023-24, the commerce ministry said. Total merchandise bilateral trade from April-November 2024 reached $16.3 billion, showing strong momentum in the current fiscal year.
India's merchandise exports to Australia in 2022-23 were $6.95 billion, reflecting only three months of trade post-ECTA implementation. Imports from Australia in FY23 were worth $19 billion.
This story is from the December 30, 2024 edition of Hindustan Times Noida.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Noida
Hindustan Times Noida
FROM REELS TO REAL QUEUES: GEN Z IS MAKING ART EXHIBITIONS COOL AGAIN
An ongoing exhibition has captured the imagination of youngsters in the Capital in a way few art shows have in recent memory.
1 mins
December 18, 2025
Hindustan Times Noida
From sedition to UAPA: Policing dissent in India
Few laws reveal the Indian State's unease with dissent as starkly as sedition.
3 mins
December 18, 2025
Hindustan Times Noida
India tops world body's doping numbers again
With 260 Adverse Analytical Findings (AAFs) from over 7000 samples tested by National Anti Doping Agency (NADA) in 2024, India remains in the top tier of the global doping charts, a recent report from World Anti Doping Agency (WADA) has revealed.
2 mins
December 18, 2025
Hindustan Times Noida
Russia will 'certainly' achieve its goals: Putin
Russian President Vladimir Putin said on Wednesday Moscow would “certainly” achieve its goals in the offensive in Ukraine, including seizing the territories it claims are its own, amid a flurry of international diplomacy to end the war, AFP reported.
1 min
December 18, 2025
Hindustan Times Noida
HC rejects plea seeking higher compensation
{ INDIGO CRISIS
1 mins
December 18, 2025
Hindustan Times Noida
SUPREME COURT ASKS CBI TO TAKE FINAL CALL ON INDIABULLS PROBE
The Supreme Court ‘on Wednesday directed the Central Bureau of Investigation (CBI) to take a final call for probing the dubious financial transactions involving Indiabulls Housing Finance Limited (IHFL, now Sammaan Capital) even as the Delhi Police claimed it has already registered a criminal case in this regard.
1 min
December 18, 2025
Hindustan Times Noida
New order of education: Mapping the road ahead
As India's higher education system stands at a critical inflection point, shaped by rapid technological change, policy reforms and the demand for inclusion and global competitiveness, the HT Education Summit 2025 is set to bring together some of the most influential voices driving this transformation.
3 mins
December 18, 2025
Hindustan Times Noida
SUBMIT RESPONSE ON NOTIFICATION ON AUTO FARES: DELHI HC TO GOVT
The Delhi HC on Wednesday directed the Centre, and Delhi government to submit response to a petition outlining the steps taken to enforce the auto rickshaw fare notification.
1 min
December 18, 2025
Hindustan Times Noida
Prison welfare officer caught with illegal substances inside jail
{ TIHAR JAIL
1 mins
December 18, 2025
Hindustan Times Noida
PARL PASSES BILL FOR 100% FDI IN INSURANCE
Rajya Sabha on Wednesday passed a bill to allow 100% foreign direct investment (FDI) in insurance in a move aimed at boosting capital inflows and expanding one of the world’s fastest-growing insurance markets.
1 min
December 18, 2025
Listen
Translate
Change font size