Tradeindia Exim Newsletter
12, October 2021
Strengthening economic recovery

With post-pandemic economic activity in the country picking up pace, India is well-placed on the path to swift recovery with growth impulses visibly transmitted to all sectors, according to the latest Monthly Economic Review released by the Department of Economic Affairs. The report points out to improvement in agriculture, industry, manufacturing, exports and credit offtake by MSMEs, among others.

As far as the Indian industry is concerned, it is gaining lost ground, with IIP witnessing a broad-based YoY growth of 11.5 percent in July 2021. Similarly, rise in PMI Manufacturing to 53.7, coupled with PMI Services clocking a 55.2, establish a robust recovery. The report also points out that some high frequency indicators including power consumption, rail freight activity, e-way bills, and GST collections are encouraging.

On exports, the report mentions that the external sector continues to offer bright prospects to growth revival as merchandise exports crossed US$ 30 billion mark for the sixth consecutive month in FY 2021-22. It adds that with merchandise trade deficit also rising in September, there is clear evidence of increasing consumption and investment demand in the country. External debt to GDP ratio also continues to remain comfortable.

Continue Reading...
Have questions on trade related issues? Ask Here
Read More
Click here for more Trade Shows.
Upcoming Trade Shows in | September | October | November
We recently joined the platform of tradeindia and we are very happy to get good support from our service manager. The products we have posted on website has got good visibility and they have helped us to get contacts from customer we wish to get more better opportunities with tradeindia platform...

Mr Barajal Bin Sapidi
You have received this mail because you have subscribed for trade india's Exim Newsletter. To unsubscribe Click Here