New Delhi: India should take advantage of the evolution of global commercial dynamics, as greater protectionism, to accelerate its growth and improve its presence in global trade, said economic survey 2025, presented in Parliament on Friday.
The survey added that the proactive approach will help India continue to thrive in a constantly change global market.
“The evolutionary global commercial dynamics, marked by gradual changes towards greater protectionism, requires evaluating the situation and developing a strategic strategic roadmap,” said the economic survey.
“By adapting to these trends and taking advantage of their strengths, India can accelerate its growth and improve its presence in global trade. To strengthen its competitiveness and integrate even more into global supply chains, the country can focus on reducing related costs With trade and improve exports facilitation to create a more vibrant export sector, “the survey added.
Going further, the survey added that the currencies of India, which was $ 640.3 billion at the end of December 2024, is sufficient to cover approximately 90 percent of the country’s external debt from $ 711.8 billion to September of 2024.
The survey said that the country’s external sector continued to show resilience amid winds against the uncertainties of economic and commercial policy.
Total exports (goods and services) have registered constant growth in the first nine months of fiscal year 2015, reaching $ 602.6 billion (6 percent).
The growth of services and exports of goods, excluding oil and gems and jewels, was 10.4 percent.
Total imports during the same period reached $ 682.2 billion, registering a growth of 6.9 percent in the back of constant domestic demand.
In the front of the capital, foreign portfolio investments (FPI) have shown a mixed trend in fiscal year 2015 so far. The uncertainty in global markets and the taking of profits by foreign portfolio investors led to capital exits. However, the strong macroeconomic foundations, a favorable business environment and high economic growth have maintained positive FPI flows in general.
Rough direct foreign investment Tickets (FDI) have shown signs of revival in the first eight months of fiscal year 2015, although FDI networks decreased in relation to April-November 2023 due to an increase in repatriation/divestment, said the economic survey.
The economic survey provides the road map for reforms and the growth of the Indian economy.
The economic survey is written by senior officials under the supervision of the Chief Economic Advisor V Anantha Nageswaran.
