Topic
global turmoil
Trade India’s Merchandise Exports Rise 15 Percent Despite Red Sea Crisis and Global Turmoil, Says Minister
Commerce and Industry Minister Piyush Goyal announced that India's merchandise exports have grown 15% during the April-July period of the current financial year, despite the Red Sea crisis and global turmoil. Delivering the JRD Tata Memorial Lecture 2026, Goyal attributed the resilience to strong economic fundamentals, even as businesses face uncertainty from West Asia conflicts and shipping disruptions. India also retained its status as the world's fastest-growing major economy with 7.7% growth in the previous financial year.
India Eyes Economic Resilience Amid Global Trade Challenges
Prime Minister Narendra Modi chaired a meeting with the Economic Advisory Council to discuss strategies for bolstering India's economic growth amid global uncertainties. Key discussions included trade reforms and measures to attract foreign investment.