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.
Denne historien er fra December 30, 2024-utgaven av Hindustan Times Navi Mumbai.
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Denne historien er fra December 30, 2024-utgaven av Hindustan Times Navi Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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