NEW DELHI : Only a few Indian sectors—engineering goods, electronic goods, and drugs & pharmaceuticals products—have seen a rise in their annual export value during FY24, a year that saw high interest rates globally curb demand and geo-political conflicts increase energy prices.
Now, with the World Trade Organization (WTO) expecting global goods and merchandise trade to recover gradually, these sectors, plus iron ore, are expected to drive exports during FY25 too.
Sectoral Rise
According to Commerce Ministry data, the export of engineering goods, which had about a 25% share . . .
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