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Rising Merchandise Imports In May Signal Stable Indian Economy, Say Economists
“The recovery in imports points to domestic demand resilience,” said Madhavi Arora, lead economist at Emkay Global. Arora also pointed to a seasonal trend, citing a typical increase in imports in May after a slump in the previous month.
Higher Coal and Crude Shipments to Propel India’s Merchandise Imports Above $700 Billion in FY23, Says GTRI
According to a report from GTRI, India's imports of goods are projected to increase by around 16% to $710 billion in the current fiscal year, majorly driven by a surge in inbound deliveries of crude oil, coal, diamonds, chemicals, and electronics.
