Bank loans to exporters have reached a 12-month high, driven by renewed global demand for Indian goods despite the Red Sea crisis. Outstanding export credit for Indian banks stood at Rs 20489 crore, up 5% this financial year, the highest since February last year. India's merchandise exports surged 11.9% year-on-year in February to $41.4 billion, the fastest growth since June 2022, indicating sustained momentum. Exports of drugs, pharmaceuticals, engineering goods, and chemicals saw significant growth, while gems and jewellery exports declined. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
