Thursday, June 19, 2025

Creating liberating content

MUMBAI : redBus, the digital bus ticketing service, released its

United Nations secretary-general Antonio Guterres on Thursday expressed concern over

Related News

MUMBAI : redBus, the digital bus ticketing service, released its Annual BusTrack Report on Thursday, offering detailed analysis of intercity travel trends across private bus services in India. The report

In a major push for India’s port and maritime sector, Vadhvan Port Project Ltd, the firm behind what is set to become the country’s largest port—is gearing up to raise

United Nations secretary-general Antonio Guterres on Thursday expressed concern over the declining state of globalisation, warning that foreign direct investment (FDI) continues to shrink amid worsening global economic conditions. His

Union minister for commerce and industry Piyush Goyal on Thursday said that India is in trade dialogues with the countries with whom it does not compete rather can complement with

Source: University of Missouri In a recent study, researchers studied ancient reefs built by sponge-like creatures called archaeocyathids in Nevada, 514 million years ago. They found that early reefs did

We’ve all been guilty of it. Lying in bed, mindlessly scrolling through social media, one more reel, then another, or responding to late-night texts. But this behavior might be stealthily

Trending News

MUMBAI : redBus, the digital bus ticketing service, released its Annual BusTrack Report on Thursday, offering detailed analysis of intercity travel trends across private bus services in India. The report

United Nations secretary-general Antonio Guterres on Thursday expressed concern over the declining state of globalisation, warning that foreign direct investment (FDI) continues to shrink amid worsening global economic conditions. His

India has emerged as the world’s third-fastest growing country in terms of power generation capacity over the past five years, only after China and the United States, according to a

The income tax portal will implement new PAN Card application requirements starting July. Applying for a new PAN Card? From July 1, 2025 the Central Board of Direct Taxes intends

Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Kaynes, Mahanagar Gas Limited

MUMBAI: Public sector banks lag their peers among private sector and foreign lenders in terms of accuracy, timeliness and consistency of data submitted for the purpose of supervision. However, they

India strengthens economic ties with G7: Boost in high-tech, pharma exports; Canada is only exception

Word Count: 638 | Estimated Reading Time: 4 minutes


India strengthens economic ties with G7: Boost in high-tech, pharma exports; Canada is only exception

India’s trade relations with the G7 countries have seen robust growth, with deepening economic engagement across key sectors, according to a new report by data science firm Rubix.The G7, comprising the US, UK, Germany, France, Italy, Canada and Japan has emerged as a major trade bloc for India. Except for Canada, all G7 countries now rank among India’s top 30 trade destinations, highlighting a strong and diversified export-import partnership.In FY25, India’s total exports to the G7 stood at $138 billion, marking a 13%compound annual growth rate (CAGR) since FY21. Imports from the group touched $110 billion, rising at a CAGR of 12% during the same period, according to the report as quoted by news agency ANI.Overall, India’s total trade (exports plus imports) with G7 nations reached $248 billion in FY25, growing at a 13 per cent CAGR over the last four years.India also maintained a healthy trade surplus of $28 billion with the G7 in FY25, up by 16 per cent CAGR from FY21. The country enjoys a trade surplus with four members of the bloc- the US, UK, France, and Italy.The share of India’s goods exports to G7 countries increased from 29% in FY20 to 31 % in FY25. Meanwhile, imports from the group have declined from 18 % to 15 % during the same period.Sector-wise, telecom transmission equipment, including mobile phones, and pharmaceuticals emerged as key export items. These sectors contribute significantly to India’s trade basket, accounting for 5-16% and 7-12% respectively. Notably, India’s mobile phone exports soared 55% in FY25, reaching $24 billion, with smartphones leading exports to several G7 countries.India’s pharmaceutical sector also plays a crucial role, supplying over 50% of the global vaccine demand, 40% of the US’s generic drug requirements, and 25% of total medicine consumption in the UK.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account