UDC 332.1
DOI: 10.36871/ek.up.p.r.2025.02.06.004
Авторы
Gaurav Sharma,
Yanchan Sharma,
The Patrice Lumumba Peoples’ Friendship University of Russia (RUDN University), Moscow, Russia
Аннотация
The India’s economy has expanded and now diverse. Ranking third in terms of purchasing power parity (PPP) and sixth in terms of nominal GDP globally. As we know every economy depends heavily on the level of foreign commerce for its growth but because to the high quantitative import limitations and average tariffs of over 200 %. This concise study on the India Foreign trade and its key features at Industrial sector transformation particularly from 2000 – 2024, Featured the India new foreign trade policy approach and benefits, role of industrialization in foreign trade at India and lots more, shows how much trade in India has suffered fluctuating deficit over the past few years while India gains from changes in the global price of hydrocarbons for its imports. With Findings from two-way trade in fiscal year 2023–2024 totaled about $118.4 billion, and China having surpassed the US as India’s top trading partner with India’s export to China climbed 8.7 % to $16.67 billion, with industries including iron ore, cotton yarn, textiles, spices, and more driving the growth.
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