India’s goods exports saw a 2.6% increase in June, reaching $35.2 billion, compared to the same period last year. This growth reflects a positive trend despite global economic uncertainties and fluctuating market conditions.
The rise in exports was driven by strong performances in sectors such as engineering goods, petroleum products, and chemicals. Engineering goods, in particular, saw a substantial boost, contributing significantly to the overall export figures. Additionally, exports of gems and jewelry, textiles, and agricultural products also showed promising growth.
Source:- news 18
The increase in exports comes amid ongoing efforts by the Indian government to enhance the country’s global trade footprint. Initiatives such as the Production Linked Incentive (PLI) scheme and various trade agreements have played a crucial role in boosting the competitiveness of Indian goods in international markets. The government has also been working on improving trade infrastructure and reducing logistical bottlenecks, which have positively impacted export performance.
Source:- BBC news
However, challenges remain, including geopolitical tensions, supply chain disruptions, and rising input costs, which could affect future export growth. The government and industry stakeholders are closely monitoring these issues to ensure sustained momentum in the export sector.
Overall, the 2.6% rise in goods exports in June is a positive indicator of India’s economic resilience and the effectiveness of its trade policies in navigating a complex global landscape.
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