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In India, the pharmaceutical sector is essential for economic growth. Manufacturers of branded medications, generic medicines, biopharmaceutical goods, and contract research organizations can all be classified under the pharmaceutical business. India is the biggest supplier of generic medications. Based on pharma export data, India exported pharmaceutical products worth US$24.62 billion.
Read MoreIn recent decades, India has emerged as a major exporter, which has contributed to the Indian economy expanding to new heights. For Indians, gold is a priceless asset. We love to wear gold jewellery, but we also love to invest in this priceless metal to make money. India is proud of the wide variety of jewellery products it exports, including gold, diamonds, silver, and gemstones. Based on Jewellery export data, the GDP of India's gem and jewellery export sector reached 7% in 2021.
Read MoreWelcome to the world of imported cars. Importing a car from the United Kingdom can be an exciting opportunity to own a unique vehicle that may not be available in your home country. Indian business tycoons, celebrities, and cricketers own premium cars and bikes that are imported from foreign countries.
Read MoreIn global trade, India is known as a top iron importer. With its rich past of robust manufacturing, the country has been able to capitalize on its resources and expertise to become a substantial importer of iron products. India's Iron and Steel industry is among the country's most significant industries.
Read MoreAs we all know, the most exciting and rapidly growing medium for business transactions in India is e-commerce. The Indian e-commerce market is anticipated to increase from US$48.5 billion in 2018 to US$200 billion in 2026, as per India trade data.
Read MoreThe global fashion industry is a dynamic and ever-evolving sector, with millions of garments being produced and sold around the world every day. India is among the top nations in the world for the production of clothing. With a strong global appeal, Indian textile and apparel items have a tradition of great craftsmanship along the entire value chain, from fiber, yarn, and fabric to the finished product.
Read MoreInternational trade is essential for promoting economic growth, international collaboration, and diplomatic ties in the era of globalization, where economies are interconnected with each other. The India-Ukraine connection has emerged as a potential and dynamic alliance among the numerous bilateral trade agreements that influence the world economy.
Read MoreThe United States is the world's largest economy, and it is also the world's largest importer of goods. As per US Import data, the United States imported an estimated $3.2 trillion worth of goods, which is more than the value of goods imported by any other country in the world. The US economy is driven by a strong consumer market, a vibrant technology sector, and a diverse manufacturing base.
Read MoreIndia's exports in August 2023 slowed down compared to the previous months. The month witnessed a significant decrease in export activities, driven by various factors including sector-specific performances, government initiatives, and trade partnerships. India's exports in August 2023 were valued at USD 33.0 billion, down by 0.8% from August 2022.
Read MoreIndia and Russia have a long history of trade relations. One such significant partnership exists between Russia and India in the realm of oil trade. As two major players in the energy market, both nations have maintained a robust oil trade relationship for years.
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