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13/09/2024
The global fox nuts market was valued at approximately USD 109 million in 2023. It is expected to reach USD 192.6 million by 2030, reflecting a compound annual growth rate (CAGR) of 8.2% during the forecast period from 2024 to 2030! ๐
Bihar, India, produces 90% of the worldโs Makhana (Fox Nuts), making it the epicenter of this $75 million global market. Bihar supplies to major markets such as the USA, UK, Japan, and Australia, where the demand for healthy, gluten-free snacks is rapidly growing.
The Makhana industry not only supports over 5 lakh farmers and processors in Bihar but also plays a crucial role in Indiaโs agricultural export sector.
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13/08/2024
๐ India's merchandise exports are forecasted to grow 4.2% YoY in Q2 FY25, totaling $111.7 billion.
This growth is driven by strong economic activity, robust manufacturing, and global demand recovery. However, risks such as geopolitical tensions and supply chain disruptions could impact future performance.
Follow us for more insights on Indiaโs export trends and global trade updates.
05/08/2024
A New Era of Trade: UAE-India Partnership Shines!
๐๐ค The Comprehensive Economic Partnership Agreement (CEPA) between UAE and India has led to a remarkable 15% increase in bilateral trade, reaching $83.6 billion in FY 2023-24!
This landmark deal, signed in May 2022, has bolstered trade by reducing tariffs and streamlining processes, significantly benefiting industries such as gems and jewelry, pharmaceuticals, and agriculture.
With ambitious targets set for the future, including $100 billion in non-oil trade by 2030, the UAE-India partnership is poised for further growth and opportunities. ๐๐ฆ๐ช๐ฎ๐ณ
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29/07/2024
๐ข Budget 2024: Boosting Domestic Manufacturing! ๐ฎ๐ณโจ
India revamps customs duties to fire up the Make in India initiative, supporting local production and export competitiveness.
Key changes include adjustments for mobile phones, electronics, precious metals, critical minerals, and more. ๐ฑ๐๐
Finance Minister Nirmala Sitharaman announces a commitment to tackle inverted duty structures and simplify the customs duty rate.
A progressive step towards a robust manufacturing ecosystem! ๐
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