6 hrs ago
India Positioned as Potential Global Growth Engine
Saurabh Garg said India could become an important engine for growth around the world.
He pointed to strong buying and selling activity as evidence of India’s economic strength.
Imports rose by about 30% during the April-June quarter.
Exports grew by about 29%.
Imports of machines and other capital equipment increased by 50.1%.
Garg said India’s recent growth has been encouraging.
However, he warned that the world economy still faces uncertainty.
He also mentioned climate change and technology-related risks.
MoSPI Secretary Saurabh Garg said India is well placed to drive global growth.
India’s imports rose about 30% in the April-June quarter.
Exports increased approximately 29% during the same period.
Capital equipment imports jumped 50.1% in the quarter.
Garg cited global uncertainty, climate change and technology risks as reasons for caution.
- Who
- Saurabh Garg, Secretary of India’s Ministry of Statistics and Programme Implementation.
- What
- He said India is well placed to become a global growth engine, citing strong trade and investment activity.
- Where
- India.
- When
- The trade figures cited cover the April-June quarter.
- Why
- Rising imports, exports and capital equipment imports indicate strong economic activity, although global risks require caution.
Key facts
- Speaker
- Saurabh Garg
- Role
- Secretary, Ministry of Statistics and Programme Implementation
- Import growth
- About 30% in the April-June quarter
- Export growth
- About 29% in the April-June quarter
- Capital equipment imports
- Up 50.1%
- Potential role
- Global growth engine
- Risks cited
- Global uncertainty, climate change and technology-related risks
Sources
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