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Date: 21/01/2025

India’s share in exports,imports doubled, says report

India’s contribution to global trade has seen significant growth over the last two decades, with its share in both exports and imports doubling during this period, according to a report by the National Stock Exchange (NSE). The report revealed that India’s share in global merchandise exports rose from 0.9% in 2005 to 1.8% in 2023, while its share in services exports more than doubled from 2% to 4.3%. Overall, India’s export share grew from 1.2% in 2005 to 2.4% in 2023. This growth has been driven by factors such as robust trade agreements, a diversified export portfolio, improved logistics infrastructure, and government initiatives like the Make in India campaign and PLI scheme. Similarly, merchandise imports rose from 1.3% in 2005 to 2.8% in 2023, while services imports increased from 2.4% to 3.4%, as per a report.

Source: Exim News Service: Mumbai, Jan. 20