04 December, 2020

The Boom Box With More Bulk

After the 35K Sensex zenith, good news of global recovery bodes well for Indian exports. Protectionism and lower FDI are obstacles.

Illustration by Sajith Kumar
The Boom Box With More Bulk
outlookindia.com
2018-01-20T11:09:05+05:30

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

***

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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