In November 2022, The U.S. sourced refined petroleum products worth $588 million from India. Analysts said that the imports increased amid the high demand for crude ahead of the U.S. holiday season. Europe’s November imports of petroleum products from India also showed significant changes: Portugal, Belgium, and Italy increased imports...
America is Now India’s Largest Trading Partner
"The U.S. is now our largest merchandise trading partner, and the point to be noted is that we have a trade surplus with the U.S.," said Ajay Sahai, director-general of the Federation of Indian Export Organizations. The USA surpassed China to become India's top trading partner in the year ended...
India's Manufacturing Sector Records Strong Growth in Q2
An analysis of 2,700 listed private sector non-financial companies conducted by India's central bank, the Reserve Bank of India, indicated that the textile and iron and steel segments maintained their pace of sales growth in the second quarter of 2018-19 as compared to the year-ago period. "The manufacturing sector sales growth...