TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Celebration of Faith and Freedom: Ganeshotsav Named Maharashtra’s Official Festival

    Century-Old Tradition Gets Official Honour: Ganeshotsav as Maharashtra’s State Festival

    CM Nayab Singh Saini Issues Strong Directives to Police officials

    Adopt Zero Tolerance Towards Crime: Haryana CM Nayab Saini Issues Strong Directives to Police

    Sonia at 78: Will Congress Apply Bhagwat’s Advice Internally?

    Elated by Mohan Bhagwat’s Statement, will Congress leaders now ask 78-year-old Sonia Gandhi to retire?

    No Appointment, No Respect: Siddaramaiah Returns Empty-Handed, CM Exit Looms

    Rahul Refuses to Meet Siddaramaiah, Congress Signals Leadership Shift in Karnataka?

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Namibia Bets on Indian Tech: How UPI Will Revolutionise Its Economy and Boost India's Global Digital Clout

    Namibia Bets on Indian Tech: How UPI Will Revolutionise Its Economy and Boost India’s Global Digital Clout

    Opportunities for Youth in a Changing India

    Opportunities for Youth in a Changing India: Global Investment Expert Manu Seth Shares Insights

    Simple Legal Steps to Protect Your Brand in India

    Simple Legal Steps to Protect Your Brand in India

    Indian-Origin Tesla CFO Vaibhav Taneja Appointed Treasurer of Elon Musk’s 'America Party'

    Indian-Origin Tesla CFO Vaibhav Taneja Selected Treasurer of Elon Musk’s ‘America Party’

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    Decoy That Changed the Game: How India's AI-Powered X-Guard Neutralised Pakistani Air Threats

    Rafale Decoy Confused Pakistan Jets During Operation Sindoor, Claims US Veteran Pilot

    India Successfully Tests Indigenous Anti-Submarine Rocket ERASR

    India Successfully Tests Indigenous Anti-Submarine Rocket ERASR, Boosting Navy’s Underwater Capabilities

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Kapil Sharma’s Café Targeted by Suspected Khalistani Terrorists

    Kapil Sharma’s Café Targeted by Khalistani Terrorists: Canada’s Dangerous Embrace of Radical Elements Exposed

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife, Asks Him to Wait Till She’s 9

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    The Beginning of Devotion: History of the First Kanwar Yatra

    The Beginning of Devotion: History of the First Kanwar Yatra 

    Kanwar Yatra: UP Gears Up With Full-Scale Arrangements

    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    char dham yatra suspended due to bad weather

    Uttarakhand Suspends Char Dham Yatra Due to Adverse Weather, Prioritizes Pilgrim Safety

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Nova88 App Compatibility: Works Seamlessly on All Devices

    Nova88 App Compatibility: Works Seamlessly on All Devices

    Why Every Sports Team Now Has a Data Scientist

    Why Every Sports Team Now Has a Data Scientist

    Prakash Raj, Vijay Deverakonda among other Tollywood actors booked for promoting illegal betting apps

    Prakash Raj, Deverakonda, Rana Booked by ED in Betting Scam Case

    Try These 6 High-Protein Vrat-Friendly Foods to Stay Energised

    Fasting This Sawan 2025? Try These 6 High-Protein Vrat-Friendly Foods to Stay Energised

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Celebration of Faith and Freedom: Ganeshotsav Named Maharashtra’s Official Festival

    Century-Old Tradition Gets Official Honour: Ganeshotsav as Maharashtra’s State Festival

    CM Nayab Singh Saini Issues Strong Directives to Police officials

    Adopt Zero Tolerance Towards Crime: Haryana CM Nayab Saini Issues Strong Directives to Police

    Sonia at 78: Will Congress Apply Bhagwat’s Advice Internally?

    Elated by Mohan Bhagwat’s Statement, will Congress leaders now ask 78-year-old Sonia Gandhi to retire?

    No Appointment, No Respect: Siddaramaiah Returns Empty-Handed, CM Exit Looms

    Rahul Refuses to Meet Siddaramaiah, Congress Signals Leadership Shift in Karnataka?

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Namibia Bets on Indian Tech: How UPI Will Revolutionise Its Economy and Boost India's Global Digital Clout

    Namibia Bets on Indian Tech: How UPI Will Revolutionise Its Economy and Boost India’s Global Digital Clout

    Opportunities for Youth in a Changing India

    Opportunities for Youth in a Changing India: Global Investment Expert Manu Seth Shares Insights

    Simple Legal Steps to Protect Your Brand in India

    Simple Legal Steps to Protect Your Brand in India

    Indian-Origin Tesla CFO Vaibhav Taneja Appointed Treasurer of Elon Musk’s 'America Party'

    Indian-Origin Tesla CFO Vaibhav Taneja Selected Treasurer of Elon Musk’s ‘America Party’

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    Decoy That Changed the Game: How India's AI-Powered X-Guard Neutralised Pakistani Air Threats

    Rafale Decoy Confused Pakistan Jets During Operation Sindoor, Claims US Veteran Pilot

    India Successfully Tests Indigenous Anti-Submarine Rocket ERASR

    India Successfully Tests Indigenous Anti-Submarine Rocket ERASR, Boosting Navy’s Underwater Capabilities

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Kapil Sharma’s Café Targeted by Suspected Khalistani Terrorists

    Kapil Sharma’s Café Targeted by Khalistani Terrorists: Canada’s Dangerous Embrace of Radical Elements Exposed

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife, Asks Him to Wait Till She’s 9

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    4 Chinese Nationals Arrested for Spying on Rafale Jets in Greece

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    The Beginning of Devotion: History of the First Kanwar Yatra

    The Beginning of Devotion: History of the First Kanwar Yatra 

    Kanwar Yatra: UP Gears Up With Full-Scale Arrangements

    Kanwar Yatra: Four Devotional Paths, One Divine Destination

    char dham yatra suspended due to bad weather

    Uttarakhand Suspends Char Dham Yatra Due to Adverse Weather, Prioritizes Pilgrim Safety

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Nova88 App Compatibility: Works Seamlessly on All Devices

    Nova88 App Compatibility: Works Seamlessly on All Devices

    Why Every Sports Team Now Has a Data Scientist

    Why Every Sports Team Now Has a Data Scientist

    Prakash Raj, Vijay Deverakonda among other Tollywood actors booked for promoting illegal betting apps

    Prakash Raj, Deverakonda, Rana Booked by ED in Betting Scam Case

    Try These 6 High-Protein Vrat-Friendly Foods to Stay Energised

    Fasting This Sawan 2025? Try These 6 High-Protein Vrat-Friendly Foods to Stay Energised

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

With booming rise in exports, India gives two hoots to global slowdown

Abhishek Kumar Singh by Abhishek Kumar Singh
17 September 2022
in Analysis, Economy
service exports
Share on FacebookShare on X

Throughout history, it has always been tough for a country to stand out in terms of policies and other aspects; this is what makes geography a civilisational state. The problem is more exacerbated in the hyper globalized world order. But Indians are known for just getting things done. India’s latest exports’ numbers amidst global slowdown are living examples of the phenomenon.

Both merchandise and service exports are booming

Official numbers are out now. India’s exports continue the upward trajectory of sailing new heights. During the five months period of April and August 2022, India exported Made-in-India merchandise worth of $193.51 billion. This is a remarkable rise of 19.72 per cent over the same period last year. Not only products, India’s service sector exports have also witnessed a significant rise for the same period.

RelatedPosts

India’s Crackdown Intensifies: 250 Illegal Bangladeshis Deported From Gujarat

India’s Defense Sector Set for 15–17% Growth in FY26: ICRA Report

Air India Tragedy May Result in Record-Breaking Insurance Claim in India

Load More

Compared to $96.03 billion worth of exports during the same period last year, India exported services worth $118.30 billion. The remarkable year-on-year gain of 23% reflects India’s rapid progress toward developed-country status.

The more competitive a country’s service sector is, the more likely it is to equal the top position in the human development charter. The rise of the service industry is reflected in a reduction in India’s trade imbalance in the service sector.

Breakdown of the numbers

Even if we just take August, the exports numbers for both service and merchandise is quite encouraging to say the least. In YoY terms, service sector exports grew by 10 per cent, while Merchandise exports grew by 1.6 per cent to $33.92 billion in August 2022. Combined, India’s total export jumped by 6.75 per cent in YoY terms in August.

Product wise breakdown shows, India’s tobacco exports witnessed maximum increase by 76.4 per cent in YoY terms. Oil Meals have has come in second with a 73.7 per cent increase. India’s emphasis Aatmanirbharta in electronic goods has also started to pay off, since its exports increased by 50.4  per cent. On the other hand, India’s growing dominance in the WTO has witnessed in a 43.4 per cent rise in rice exports.

Modi government’s push towards exports

The numbers are testament to PM Modi’s emphasis on Aatmanirbhar Bharat and Make-in-India. Make-in-India has been Modi government’s mantra right from the time PM Modi took oath as Prime Minister. Since each product can’t be used by 1.4 billion Indians, export becomes a necessity. Additionally, it also increases our soft power.

Under the Foreign Trade Policy 2015-20, Nirmala Sitharaman led Ministry of Commerce and Industry (MCI) has liberalised norms for export. MCI introduced two new schemes namely, ‘Merchandise Exports from India Scheme (MEIS)’ for the export of specified goods to specified markets and ‘Services Exports from India Scheme (SEIS)’ for increasing exports of notified services.

Involvement of whole of polity

The Export Promotion Capital Goods (EPCG) scheme under the FTP focussed on phasing out import requirements for capital goods. Specific MSME clusters were identified for increasing exports, simultaneously catalyzing employment generation and increasing value addition.

Efforts were also put in to diversify the composition of India’s export basket. For diversification, making states compete is important since every state has expertise in different sector.

Also Read: From importers to exporters, India’s game-changing journey in the defence sector

Cooperative and mutually competitive federalism

A wholesome export preparedness index was launched by NITI Aayog. Under this index, states are judged on four pillars which include policy, business ecosystem, export ecosystem and export performance.

The index also has eleven sub pillars consisting of export promotion policy, institutional framework, business environment, infrastructure and transport connectivity, access to finance, export infrastructure, trade support, R&D infrastructure, export diversification, and growth orientation. Gujarat has been a top notch performer till now.

Rise in India’s economic competitiveness

The competition among states has resulted in the overall increase in the competitiveness of India’s products as well. According to the Institute for Management Development, India has jumped 6 positions in the annual world competitiveness index.

It has been catalysed by healthy competition among states, as India’s domestic economic competitiveness has risen from 30th to 9th position in a year. Furthermore, the Modi government’s labour rules enabled India’s labour competitiveness rise from 15th to 6th place.

Role of PLI in exports

However, the rise in rankings took some time and big changes were noticed only after the PLI scheme worth of Rs 1.97 lakh crores was introduced. Since then, India’s share in the percentage of total global exports has witnessed an increase.

In the financial year 2021-22, India registered its highest export in value terms. The statistics on India’s burgeoning exports has been crystal clear, with double-digit growth being recorded in value terms of year on year exports. Aside from export-boosting policies, a part of the credit also goes to MCI for not favoring trade deals like RCEP.

India’s export figures are coming at a time when economies across the world are witnessing slow down, with the United States technically entering into recession. People’s consumption capacity all across the globe is declining, yet they are still willing to buy Indian products. It speaks volume about our economy.

Support TFI:

Support us to strengthen the ‘Right’ ideology of cultural nationalism by purchasing the best quality garments from TFI-STORE.COM

Also Watch:

Tags: Aatmanirbhar BharatEPCG schemeExport sectorGujaratNirmala SitharamanNiti Aayog
ShareTweetSend
Previous Post

Hindi Abuse down South

Next Post

BYJUs is inching towards a slow and torturous death

Related Posts

Namibia Bets on Indian Tech: How UPI Will Revolutionise Its Economy and Boost India's Global Digital Clout
Analysis

Namibia Bets on Indian Tech: How UPI Will Revolutionise Its Economy and Boost India’s Global Digital Clout

10 July 2025

Namibia is poised to enter the next phase of its digital revolution by partnering with India to launch a...

DMK’s Lifeline Back? Maran Brothers’ Feud Ends With Stalin’s ₹800 Crore Peace Deal
Analysis

Behind the Maran Patch-Up: Stalin’s Desperate Bid to Protect DMK Ahead of TN Polls

10 July 2025

Tamil Nadu Chief Minister MK Stalin appears to have played peacemaker in a high-voltage family feud that threatened to...

Opportunities for Youth in a Changing India
Economy

Opportunities for Youth in a Changing India: Global Investment Expert Manu Seth Shares Insights

9 July 2025

While much of the world faces growing uncertainty- geopolitical tensions, economic sanctions, and social unrest; India is carving a...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Stalin’s DMK Faces Heat Over Brutal Custodial Killings in Tamil Nadu

Stalin’s DMK Faces Heat Over Brutal Custodial Killings in Tamil Nadu

00:08:06

Hindu girl r@ped, burned with cigarettes and forced to convert to Islam

00:03:31

Delhi’s Trump Card: Kejriwal Wants a Nobel for Surviving Politics

00:05:03

Team B of DMK? The Truth About Actor Vijay’s Party

00:07:45

Rs 15,000 cr gone? Saif Ali Khan's crown crushed by enemy property law

00:04:40
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited