New Delhi, July 26 (IANS) China’s GDP growth slowed to a mere 4.3 per cent in the second quarter this year due to declining domestic demand, reflecting the worsening structural imbalance in the export-dependent economy.“The main factor dragging down GDP growth was nosediving fixed-asset investment (FAI). Real estate investment dropped by 18.0 per cent, the largest contraction for a half-year on record. But FAI also fell in road building, education, healthcare, and construction. This suggests…
Latest Import News & Updates
New Delhi, June 18 (IANS) The signing of the US‑Iran Memorandum of Understanding is a significant breakthrough that will reshape global trade dynamics and provide a macro‑economic breather for India’s export‑import community acting as a “logistical game-changer”, industry body FIEO said on Thursday.The conflict in West Asia suppressed India’s trade volume particularly with the Middle East and the US-Iran pact is expected to unlock pent‑up consumer and industrial demand, said S C Ralh…
Seoul, May 1 (IANS) South Korea’s exports exceeded $80 billion for the second consecutive month in April, jumping nearly 50 per cent from a year earlier on the back of robust shipments of semiconductors, government data showed on Friday.Outbound shipments totalled $85.89 billion last month, up 48 percent on-year, according to the data compiled by the Ministry of Trade, Industry and Resources, reports Yonhap news agency.The April tally marks the second-highest monthly export figure for the countr…
New Delhi, April 8 (IANS) India’s steel industry clocked a robust 10.7 per cent year-on-year growth in production at around 168.4 million tonnes during 2025–26, consolidating its position as the world’s second-largest producer while navigating global uncertainties and price pressures, according to a statement issued by the Ministry of Steel on Wednesday.Domestic demand remained the key growth driver with finished steel consumption at 164 million tonnes, expanding by about 7–8 per cent, d…
New Delhi, Dec 20 (IANS) The Comprehensive Economic Partnership Agreement (CEPA) with Oman is expected to enhance India’s export competitiveness, secure energy supplies at favourable prices and strengthen India–Oman economic ties, a report said on Saturday.The report from Bank of Baroda said that CEPA aims to expand trade and investment, increase export opportunities for labour‑intensive micro, small and medium enterprise (MSME) sectors such as textiles, leather, footwear, gems and jewelle…