India's exports to Australia saw a 14% year-on-year jump to $5.87 billion in the first eight months of current financial year (April-November) on the back of a favorable trade agreement that came into force a year ago on December 29 and opened a new market for Indian gold jewellery, garments, and bodies for tractors, among other products.
India's imports from Australia, however, fell 19% on an annualised basis during April November 2023 at $11.15 billion, mainly due to a fall in the demand for coal, coke and briquettes in India.
Available granular data for April-October 2023 indicates a 37% decline in imports of coal, coke and briquettes from Australia at $6.17 billion as compared to $9.75 billion in April-October 2022.
The decline in India's demand for coal, coke and briquettes is not specific to Australia alone, as India's overall imports from across globe fell by 33% from $33.38 billion in April-November 2022 to $22.45 billion in the same period this year, two commerce ministry officials said while commenting on the data.
It was too early for a comprehensive assessment of a trade agreement, but certainly India has gained access to new lines of exports due to preferential tariff under the pact, they added.
Bu hikaye Hindustan Times dergisinin December 30, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Hindustan Times dergisinin December 30, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Aamir-Ajay off-screen reunion makes fans ask for Ishq 2
When actors Aamir Khan and Ajay Devgn reunited at an event on Saturday, it left their fans nostalgic.
Blissful Bebo in Saif haven!
Kareena Kapoor Khan is back in the bay from her Diwali holiday in the Maldives, and on Saturday, the actor shared some stunning pictures of sun-kissed beaches and sun-tanned skin from her dreamy getaway with her boys – actor-husband Saif Ali Khan and sons, Taimur and Jeh.
FAKE TICKETS, SCALPING STRIKE A SOUR NOTE
Ahead of some big international gigs in India, we talk to artists and organisers about the rising threat of fake ticketing and black marketeering
He always had a smile on his face: Ssudeep Sahir delves into memories of Nitin Chauhaan
Actor Ssudeep Sahir, one of the first to confirm the tragic passing of his Tera Yaar Hoon Main co-star Nitin Chauhaan, is in a state of shock after the incident. Chauhaan, 35, was found dead in his Mumbai flat on Friday. He allegedly died by suicide.
MCSWEENEY TO OPEN, INGLIS HANDED FIRST TEST CALL UP FOR BGT OPENER
Uncapped Nathan McSweeney won the race to open the batting alongside Usman Khawaja in the first Test against India while Australia also handed a maiden Test call up to Josh Inglis on Sunday.
Pakistan win 1st ODI series Down Under since 2002
Saim Ayub hit 42 and Abdullah Shafique 37 as Pakistan raced to a commanding eight-wicket victory and their first one-day series win in Australia for 22 years on Sunday.
Jagan Kumar, the 11-time national motorcycle champion, quits racing
NEW DELHI: It has been an emotional time for Jagan Kumar, the illustrious rider who decided to roll his bike into the garage for good after dominating Indian circuits for around 15 years.
A rivalry and new momentum
Sabalenka-Swiatek battle for the top promises an exciting year in women's tennis
Varun's fifer in vain, Stubbs scripts a sensational chase
South Africa level series 1-1, beating India by three wickets in the second T20I at Gqeberha
Chelsea, Arsenal in 1-1 draw; United win
Chelsea and Arsenal shared the spoils in a tense and at times bruising 1-1 battle at Stamford Bridge on Sunday, keeping the London sides level in the Premier League, but still nine points adrift of leaders Liverpool.
