India's defence production reached ₹1.27 lakh crore in FY 2023-24, marking a 174% rise since 2014-15, driven by the Make in India initiative. Defence exports hit a record ₹21,083 crore in FY 2023-24.
India is a major exporter of software and IT services, with exports reaching $200 billion in 2023-24. This represents a 3.63% increase from the previous year.
• Merchandise exports in March 2024 were USD 41.68 Billion, as compared to USD 41.96 Billion in
March 2023.
• Merchandise imports in March 2024 were USD 57.28 Billion, as compared to USD 60.92 Billion i
March 2023
‼️China - India Latest Update .
China has emerged as India's largest trading partner with $118.4 billion two-way commerce in 2023-24, slightly edging past the US, according to the data of economic think tank The Global Trade Research Initiative (GTR