Exports from India to BRICS grow 7.5% in Q1 2018: Report
Overall exports from India to BRICS saw an upswing of 7.5 per cent in the first quarter of 2018 over the corresponding period of last year in terms of total volumes, a report said today.
Ahead of the BRICS summit in South Africa, Maersk Line, one of the leading container shipping company, has released the BRICS Export-Import (EXIM) containerised trade data.
The world registered a YoY growth of 1.5 per cent in the first quarter of 2018 as against in the same period last year.
PM Modi arrives at party headquarters after BJP secures win in Rajasthan, is leading in MP and Chhattisgarh
Telangana Election Result 2023: Revanth Reddy, the man who led Congress' dramatic turnaround in southern state
Assembly Election 2023 Results Update: MPs who win assembly polls have to quit one seat in 14 days, says Expert
India vs Australia 5th T20I Free Live Streaming: When and Where to watch IND VS AUS T20I series Match LIVE on Mobile Apps, TV, Laptop, Online
Telangana Election Result 2023: Congress wins from Jukkal and Medak, BRS nets Quthbullapur constituency
Assembly Election 2023 Results Update: PM Modi congratulates voters for Assembly wins in MP, Chhattisgarh, Rajasthan
BJP's saffron storms Congress away in MP, Rajasthan and Chhattisgarh; Congress upstages BRS in Telangana
"The overall exports from India to BRICS saw an upswing of 7.5 per cent in Q1 2018 Y-o-Y in terms of total volumes while the country's imports from BRICS nations is reduced by 3.5 per cent," the report said.
The growth for BRICS, led by India and followed by China was due to their growing exports to the world at 13 per cent and 5 per cent Y-o-Y respectively.
Commenting on the export development amongst BRICS nations, Steve Felder, Maersk Line Managing Director for India, Sri Lanka, Bangladesh, Nepal, Bhutan and Maldives said, In 2017, the BRICS nations contributed to 23.6 per cent of the world economy in terms of GDP value and as per IMF , this will rise to 26.8 per cent by 2022."
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)