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In the year 2024–2025, gold and its finished items (HS code 71) were the second-largest traded items with 558.465 billion US$ worth imports and 41.692 billion US$ worth re-exports after value addition, and a significant amount of this Gold is being imported from Japan as Gold Chemical Compounds to save duty and import tax free under India ...
According to the Ministry of Commerce and Industry, the fifteen largest trading partners of India represent 61.67% of total trade by India in the financial year 2022–23. [1] These figures include trade in goods and commodities, but do not include services or foreign direct investment.
Foreign exchange reserves facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India. [2] India's total foreign exchange (forex) reserves stand at around US$704.89 billion on 27 September 2024, with the foreign currency assets (FCA) component at around US$616 billion, gold reserves ...
Kwatra said India-Russia trade had seen a sharp increase in 2023-24 and touched close to $65 billion "primarily due to strong energy cooperation", but Indian exports accounted for just $4 billion.
As of November 2024, India's foreign exchange reserves stand at approximately $682.13 billion. This figure can fluctuate based on various factors such as trade balances, capital flows, and the Reserve Bank of India 's (RBI) interventions in the forex market.
The India–United Kingdom free trade agreement is a proposed free trade agreement which began negotiations in January 2022. [1] When completed it will be the first comprehensive free trade agreement that India has signed with a European country; it is expected be the third trade agreement signed by Britain since leaving the European Union negotiated completely anew.
The Indian-American community event was attended by more than 50,000 people and garnered praise for one of the largest receptions of a foreign leader in the US.
In 2023, bilateral trade between India and Canada was valued at $9.36 billion with the Indian exports to Canada worth $5.56 billion and Canadian exports to India valued at $3.80 billion. [26] In July 2024, India accounted for 0.74% ($0.74 billion) of Canada's total trade of $99.04 billion and Canada accounted for 0.82% of India's total trade of ...