The implementation of initiatives such as Production-Linked Incentives (PLI) and the Make in India campaign has fueled remarkable growth, particularly in electronics.
Noteworthy is the surge in smartphone exports, projected to escalate by 30 per cent over the previous year, potentially crossing the USD 15 billion mark in FY2024.
These triumphs lies a pressing need to rejuvenate traditional labour-intensive exports such as textiles, apparel, and leather.
In an exclusive interview with ANI, Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI), shed light on India's export scenario, offering insights into current trends and future prospects.
However, he highlighted a concerning trend of decline in merchandise exports by 3.56 per cent from April 2023 to February 2024, compared to the same period in the previous fiscal year.
Srivastava said, "Overall export growth for the FY2024 will be positive considering both merchandise and services exports. A USD 4.4 billion jump in merchandise exports in Feb 2024 over Feb 2023 is bonus considering continued Red sea disruptions."
This suggests that FY2024 may witness no positive growth in merchandise exports over FY2023. Nevertheless, sectors like electronics are showing promise, fuelled by initiatives such as Production-Linked Incentives (PLI) and the Make in India campaign. Smartphone exports, for instance, are expected to surge by 30 per cent and surpass USD 15 billion in FY2024.
Srivastava stated, "However, India's merchandise exports declined by 3.56 per cent from USD 409.1 in AprFeb 2023 to USD 394.99 in Apr-Feb 2024. This indicates that India merchandise exports during FY2024 will register no positive growth over FY2023." He added, "The good news is exports in sectors like electronics where India was traditionally weak are picking up due to PLI and other Make in India interventions."
ãã®èšäºã¯ The Business Guardian ã® April 01, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ The Business Guardian ã® April 01, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
LG direct for immediate appointment of 2,346 Home Guards
Delhi Lieutenant Governor, Vinai Kumar Saxena has directed for the immediate appointment of 2,346 Home Guards, who have qualified for their Physical Measurement and Efficiency Test (PMET) and written test, even as other vacancies amounting to 7,939 await outcome of two pending court cases, said an official statement from Lieutenant Governor office on Tuesday.
'Discoms colluding with AAP for windfall gains'
The Delhi BJP on Tuesday submitted a memorandum to Lieutenant Governor VK Saxena, calling for an investigation into alleged financial irregularities in the power distribution companies, or discoms.
Delhi faces unusually high temperatures in Nov
This year, however, daytime temperatures have not fallen below 30 degrees Celsius, with the lowest recorded so far at 31 degrees Celsius.
SUPREME COURT DIRECTED PUNJAB GOVT, SEC TO NOTIFY MUNICIPALITY ELECTIONS IN 2 WEEKS; TO BE COMPLETED IN 8 WEEKS THEREAFTER
The Supreme Court in the case The State of Punjab and Ors. Versus Beant Kumar And Anr modified the Punjab and Haryana High Court order which directed that Punjab municipality elections be notified within 15 days.
HC pulls up Delhi Govt Finance Dept for delayed funds to Asha Kiran
During the hearing, the bench expressed strong disapproval, stating, \"The urgency is not impressed upon you... 14 people have died... You should have called the MCD official and asked him the queries.\"
Govt. distributes heaters to curb winter pollution and help night workers
The Aam Aadmi Party (AAP) government has launched a campaign to distribute electric heaters to night security guards in an effort to reduce air pollution in Delhi.
OVER 2.7 LAKH VEHICLES FINED FOR LACK OF PUC SINCE JAN 1
Delhi Traffic Police has issued over 2.70 lakh challans to vehicle owners for driving without a pollution under control (PUC) certificate between January 1 and October 31 this year, the highest in three years, official data showed.
AAP TO CONDUCT SURVEY FOR ALL SEATS
Ahead of the polls, Kejriwal and other senior AAP leaders are holding gatherings at the district level to prepare the party workers for campaigning. No matter who contests on AAP ticket, the party workers should think as though the former chief minister was fighting on all the 70 seats and should have their allegiance to him only, Kejriwal has said.
MCD fines Rs 2.69 cr for violations of dust pollution norms
The Municipal Corporation of Delhi (MCD) has issued fines amounting to Rs 2.69 crore for violation of dust control norms during construction and demolition (C&D) activities between April and October this year, according to official data.
Supreme Court Dismissed Man's Petition To Deactivate 'Machine' Controlling His Brain: 'Bizarre'
The Supreme Court in the case observed and has dismissed a petition filed by a man who alleged that his brain was being controlled by other persons through a machine.
