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As On 19-Aug-2022 15:59 PM
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  • India On Track To Achieve Ambitious Merchandise Export Target Of US$ 400 Billion Set For 2021-22

    The Economic Survey 2021-22, tabled in Parliament today by the Union Minister for Finance and Corporate affairs Smt. Nirmala Sitharaman says that the resilience of India's external sector during the current year augurs well for growth revival in the economy. It however cautions that the downside risks of global liquidity tightening and continued volatility of global commodity prices, high freight costs, coupled with the fresh resurgence of COVID-19 with the new variants may pose a challenge for India during 2022-23. India's merchandise exports has followed the global trend and during April - December 2021 the merchandise exports grew by 49.7%, compared to corresponding period of last year and 26.5% over 2019-20 (April-December). The Survey mentions that India has already attained more than 75% of its ambitious export target of US$ 400 billion set for 2021-22, and is well on the track to achieve the target. The Economic Survey states that India witnessed revival in domestic demand resulting in strong import growth. Merchandise imports grew at the rate of 68.9% in April-December, 2021 over the corresponding period of last year and 21.9% over April-December 2019, crossing the pre-pandemic level. India has maintained its impressive performance in world services trade in the post-COVID-19 period, with services exports growing by 18.4% to US$ 177.7 billion during April-December 2021 for corresponding period of last year. The Economic Survey notes that the first half of the calendar 2021 witnessed an acceleration in the global economic activity that lifted the merchandise trade above its pre-pandemic peaks.



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Flash News 19-Aug-2022
  •  ( 14:43) Realty stocks edge lower  
  •  ( 14:43) Barometers trade with deep cuts  
  •  ( 10:52) ICRA upgrades credit rating of Greenpanel Industries  
  •  ( 09:23) Wipro bags multi year contract from HM Treasury  
  •  ( 08:48) Asian stocks trading mixed  
  •  ( 08:01) Metropolis Healthcare relieves CEO Vijender Singh  
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19 August 2022 16:01
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