IMF Sees Global Trade Surge
Global trade grew 2.2 % in 2016, projected 3.8% in 2017 and 3.9% in 2018. India’s exports in Nov ’17 grew by 30.55% (y-on-y)
- 43.76% Engineering Goods
- 47.68% Petroleum Products
- 32.69% Gems & Jewellery
- 54.28% Organic & Inorganic Chemicals
- 13.39% Drugs & Pharmaceuticals
* Export jump in Nov ’17 vis-a-vis Nov ’16
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The global economy is set for a revival. Multilateral agencies like the IMF and the World Bank foresee a jump in global trade volume and economic growth, which has raised optimism in India. The country stands to benefit as growth outlook in developed economies like the US, Europe and Japan turns positive. The record surge of BSE Sensex over the 35,000 mark for the first time strongly reflects positive investor sentiments and faith in...
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