18-July-2024
Economy News
 
India’s export surge: A resilient economic odyssey to $776 billion and beyond
18-Sep-2023

While major economies around the world still seem to be reeling from the after-effects of the Covid-19 pandemic, the Indian economy has a different story to tell altogether. India’s exports have surged to an unprecedented $776 billion, marking a 36 percent increase from just $500 billion two years ago. The country’s goods exports are up nearly 53 per cent in the last two years from a four-year low of $292 billion during FY 2020-21, thanks to the post-Covid surge in the country’s foreign trade. Although significant challenges remain in the global environment, India has turned out to be one of the fastest-growing economies in the world last fiscal. In the backdrop of a global slowdown, this robust growth trajectory, which is a testimony to the resilience of the Indian economy, is primarily fuelled by three factors:

News Source:- https://www.financialexpress.com/policy/economy-indias-export-surge-a-resilient-economic-odyssey-to-776-billion-and-beyond-3246127/