India Economy Thread

[onlinpunit]

Can somebody explain what is this 863 billion of exports broken down into

And which destinations

Am I right in saying it does not include the 200 billion dollars a year of Info technology services income India makes annually

Goods: 441.8 billions.
Services : 421.3 Billions.
Goods

• Engineering Goods : ~$122.4 billion (27.7%)
• Petroleum Products: ~$53.9 billion (12.2%)
• Electronic Goods: ~$48.0 billion (10.9%)
• Drugs & Pharmaceuticals: ~$31.1 billion (7.0%)
• Organic & Inorganic Chemicals: ~$28.7 billion (6.5%)
• Gems & Jewellery: ~$28.2 billion (6.4%)
• Readymade Garments / Textiles: ~$15.8 billion (3.6%)
• Rice: ~$11.5 billion (2.6%)
• Marine Products: ~$8.4 billion (1.9%)
• Plastic & Linoleum Products: ~$8.3 billion (1.9%)
• Others (including agri & allied products beyond rice, ores/minerals, leather, handicrafts, etc.): ~$85.5 billion (19.3%)

 

[harpy1]

Wow that's impressive list

 

[indo17787]

L&T wins 'ultra-mega' order worth over ₹15,000 cr from ADNOC Offshore

L&T wins 'ultra-mega' order worth over ₹15,000 cr from ADNOC Offshore

L&T Energy Hydrocarbon Offshore (LTEH Offshore) has won an ultramega offshore contract worth over ₹15,000 crore from ADNOC Offshore in the Middle East, Larsen & Toubro said on Tuesday. Executed through a consortium led by LTEH Offshore, the project includes engineering, procurement...

economictimes.indiatimes.com

 

[indo17787]

Tata’s battery unit Agratas turns to in-house tech for making Lithium cells amid China curbs​

Agratas is also investing more than $400 million in a research and development center in Bengaluru focused on LFP and lithium manganese iron phosphate battery technologies, Bloomberg reported in May.

Tata’s battery unit Agratas turns to in-house tech for making Lithium cells amid China curbs

The move is a deliberate pivot for Agratas after executives assessed that the chances of a technology deal with a Chinese firm are close to nil, the people said, given Beijing’s stringent restrictions on exports of critical manufacturing know-how.

www.thehindubusinessline.com

 

[lightoftruth]

Goods: 441.8 billions.
Services : 421.3 Billions.
Goods

• Engineering Goods : ~$122.4 billion (27.7%)
• Petroleum Products: ~$53.9 billion (12.2%)
• Electronic Goods: ~$48.0 billion (10.9%)
• Drugs & Pharmaceuticals: ~$31.1 billion (7.0%)
• Organic & Inorganic Chemicals: ~$28.7 billion (6.5%)
• Gems & Jewellery: ~$28.2 billion (6.4%)
• Readymade Garments / Textiles: ~$15.8 billion (3.6%)
• Rice: ~$11.5 billion (2.6%)
• Marine Products: ~$8.4 billion (1.9%)
• Plastic & Linoleum Products: ~$8.3 billion (1.9%)
• Others (including agri & allied products beyond rice, ores/minerals, leather, handicrafts, etc.): ~$85.5 billion (19.3%)

Textile exports is ridiculosly low, such a high employment sector terribly ignored by the govt. Countries like Bangladesh is doing better than us. (to whom we are exporting raw material)

 

[SoulSpokesman]

@lightoftruth

You are right. It is a shame that we are doing so poorly on textiles which was historically our strength. The credit for this goes to our Vishwachawchaw and the vile filthy socialism that he injected into our economy.

Regards

 

[peacemaker99]

10 years ago people would laugh at idea that infia will export 1 trillion

 

[harpy1]

Textile exports is ridiculosly low, such a high employment sector terribly ignored by the govt. Countries like Bangladesh is doing better than us. (to whom we are exporting raw material)

We focusing on tech industry and engineering bro

 

[c14-Isotope]

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[lightoftruth]

We focusing on tech industry and engineering bro

India targets $100 billion textile exports by 2030, focus on sustainability, FTAs​

India targets $100 billion textile exports by 2030, focus on sustainability, FTAs

India is aiming to become a global textile powerhouse, targeting $100 billion in exports by 2030. The strategy emphasizes sustainability, including recycling and environmental compliance, alongside leveraging free trade agreements. Key initiatives involve digital product passports, supporting...

economictimes.indiatimes.com

We are targeting high , with just 37 billion $ of exports in last fiscal target is effectively almost 3 times.

Govt can't be just dependent on FTA's & access to markets ,large scale manufacturing needs to be set up for quality demand.

 

[Vikramaditya1]

Textile exports is ridiculosly low, such a high employment sector terribly ignored by the govt. Countries like Bangladesh is doing better than us. (to whom we are exporting raw material)

Nah that won't be a problem. We'll nuke our neighbours industries after we sign FTA with them. With only the US remaining.

 

[indo17787]

Nah that won't be a problem. We'll nuke our neighbours industries after we sign FTA with them. With only the US remaining.

FTAs don't magically flood foreign markets with your products the moment the ink dries. Tariffs are just one piece of the puzzle. The bigger challenge is meeting the regulatory, quality, safety and certification requirements of markets like the EU and the UK. If your industries can't comply, zero tariffs don't mean much. And even after an FTA is signed, extracting its full benefits takes years because production capacity, supply chains, logistics and export ecosystems have to scale up. @Nimble

 

[indo17787]

Auto PLI disbursals to reach Rs 4,000 crore in FY27​

Auto PLI disbursals to reach Rs 4,000 crore in FY27

The government is set to release ₹4,000 crore this fiscal year under the Auto-PLI scheme, designed to stimulate production and investment among qualified companies. Notably, Bajaj Auto has already benefited, receiving ₹750 crore for meeting its incremental sales targets for fiscal year 2026...

economictimes.indiatimes.com

 

[indo17787]

Auto PLI disbursals to reach Rs 4,000 crore in FY27​

Auto PLI disbursals to reach Rs 4,000 crore in FY27

The government is set to release ₹4,000 crore this fiscal year under the Auto-PLI scheme, designed to stimulate production and investment among qualified companies. Notably, Bajaj Auto has already benefited, receiving ₹750 crore for meeting its incremental sales targets for fiscal year 2026...

economictimes.indiatimes.com

GoI has become much stricter with PLI compliance. After the FAME-II localisation issues, DVA checks have gone much deeper. They're now looking beyond Tier-3 and even up to Tier-4/Tier-5 suppliers to verify the actual domestic value addition. That is seriously making it more challenging for these crooks to inflate localisation claims through paperwork. Those days are slowly coming to an end.

But the real problem is the red tape. DVA certification, AAT approval, audits and verification takes too long which is actually delaying the PLI payouts even when companies meet the requirements. GoI should keep these strict DVA checks as they are but make the certification and approval process much faster and simpler so PLI disbursements happen on time. @Nimble

 

[indo17787]

India's textile sector poised for global sourcing shift as China loses US apparel
share: Nuvama

India's textile sector poised for global sourcing shift as china loses US apparel share: Nuvama

India's textile industry is poised for growth as global apparel sourcing shifts from China, creating significant opportunities in the $1.6 trillion market. Discover how India's trade policies and manufacturing capabilities are reshaping its role in the global textile landscape.

manufacturing.economictimes.indiatimes.com