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India clocks surge in exports of hi-tech goods, digital services despite global volatility
The Political and Business Daily
|July 15, 2025
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.
Denne historien er fra July 15, 2025-utgaven av The Political and Business Daily.
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