New Delhi, Jan 24 (IANS) India is aiming to nearly triple its exports to $1.3 trillion by 2035 by pushing manufacturing-led growth through structural reforms and deregulation, rather than relying on heavy government spending, according to reports.The strategy marks Prime Minister Narendra Modi’s third major attempt to turn India into a global manufacturing hub and a key driver of world trade.The government is focusing on 15 priority manufacturing sectors, including high-end semiconductors, met…
Latest Exports News & Updates
New Delhi, Jan 23 (IANS) Pakistan’s exports plummeted by 20.4 per cent in December 2025, marking the fifth consecutive monthly decline that reflects the deep-rooted economic crisis plaguing the country, according to official figures.Exports contracted to approximately $2.32 billion from nearly $2.91 billion in December 2024. Imports, on the other hand, continued to expand, rising by about 2 per cent to $6.02 billion, pushing the monthly trade deficit up by nearly 24 per cent to $3.7 billion, a…
Seoul, Jan 22 (IANS) The South Korean economy expanded 1 per cent last year, driven by robust exports, but posted negative on-quarter growth in the fourth quarter amid a slump in the construction sector, central bank data showed on Thursday.The country’s real gross domestic product (GDP) — a key measure of economic growth — for 2025 matched the Bank of Korea’s (BOK) earlier forecast, though the growth rate slowed from a 2 per cent expansion in the previous year, according to the preliminary da…
New Delhi, Jan 21 (IANS) India’s two-wheeler industry recorded a sharp rebound in December 2025 up 9.5 per cent year-on-year, supported by year-end demand, policy-led affordability improvements and improving macro conditions, a report said on Wednesday.Ratings agency ICRA said in the report domestic two-wheeler volumes is expected to grow 6–9 per cent year-on-year in domestic volumes during FY26, driven by recovery in replacement demand, urban consumption and stable rural incomes.“The reco…
New Delhi, Jan 17 (IANS) India’s key policy reforms such as Ease of Doing Business, free trade agreements (FTAs) and growing public confidence are helping the country emerge as a self-reliant, competitive and globally trusted economy, Commerce and Industry Minister Piyush Goyal said on Saturday.In a post on social media platform X, Goyal said that under the leadership of Prime Minister Narendra Modi, decisive reforms carried out in 2025 have infused fresh energy into startups, MSMEs, exports a…
Seoul, Jan 9 (IANS) South Korea posted its largest-ever current account surplus for any November, supported by strong exports amid an upcycle in the semiconductor industry, central bank data showed on Friday.The country’s current account surplus totalled US$12.24 billion in November, up sharply from $6.81 billion a month earlier, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.It marked the highest level for any November since the BOK began compiling relevant data …
New Delhi, Jan 7 (IANS) While the 7.4 per cent GDP growth rate projected for FY 26 in the first advance estimates of the Ministry of Statistics “is quite expected and reasonable”, the actual figure is eventually likely to be higher at around 7.5 per cent, an SBI Ecowrap report released on Wednesday stated.”We believe that GDP growth for FY26 would be around 7.5 per cent with an upward bias. The second advance estimates, incorporating additional data and revisions, are scheduled to be released on…
New Delhi, Jan 7 (IANS) The sharp decline in Pakistan’s exports and the damage caused to the agricultural sector due to the floods are expected to pull down the country’s growth rate to below the IMF’s estimate, according to an article in the Pakistani media.The article in the Business Recorder by eminent Pakistani economist Hafiz Pasha points out that the country’s exports have plunged by as much as 14.5 per cent in November 2025 and by 6.2 per cent in the first five months. In particul…
New Delhi, Jan 6 (IANS) A sharp fall of 20.4 per cent in Pakistan’s exports in December — the fifth consecutive month of declining overseas shipments of the country — underscores that the slump stems from structural factors and can no longer be dismissed as a temporary setback, according to an article in the local media.The article in the Dawn observed that Pakistan’s poor export performance has always remained the weakest link in its external sector stability chain. This has become even m…
New Delhi, Jan 6 (IANS) The growth of India’s economy will be domestically driven by consumption and credit in FY27, with real GDP to rise about 7.2 per cent and nominal GDP improving by 11 per cent, a report said on Tuesday.The report from SBI Mutual Fund stated that bank credit growth is projected at 13-14 per cent in FY27. Bank credit rose from 9 per cent in May to 11.4 per cent by November 2025, with aggregate credit likely to grow by 10.5-11 per cent in FY26.Household credit is expected t…