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Indian Economy , Signs of recession are visible in the world's largest economy countries America and Germany. There are not many employment opportunities in America. Many jobs have been lost. Due to all these situations, there has been a tsunami in many stock markets. According to the information received, the growth rate of the German economy has been affected in the first quarter. If there is a decline in two consecutive quarters, then recession is considered to be ongoing. The economy of China, which has been a major contributor to the world economy for two decades, is also struggling. But in all these circumstances, the Indian economy is strong. ( global economy news)
Exports of electronics equipment and goods from India have increased in the quarter starting from June. Exports of Apple iPhones have jumped. Therefore, electronics exports from India have increased by 22 percent in the first three months of the financial year compared to last year. This export figure has reached $ 8.44 billion.
After engineering goods and petroleum products, electronics equipment and accessories are the biggest exports from India. According to last year's data, India exported electronics worth $6.94 billion in the first quarter. Mobile exports worth $4.8 billion were recorded in the quarter starting June. This accounts for nearly 57 per cent of total electronics exports. Meanwhile, Apple exported iPhones worth $3.5 billion from the country. (Electronics Exports from India)
Indian economy booming
Germany's economy is in a bad state at the moment. Japan is at the fourth place in terms of economy after Germany, America and China. India is at the fifth place in terms of economy. Prime Minister Narendra Modi has claimed that India's economy will reach the third place. Many changes are taking place in the economy during the tenure of the Modi government. As Germany's growth slows down, India will be at the forefront of the economy. India is expected to reach the third place soon. business News ,
While China's economy is collapsing, the Indian economy seems to be performing well. So this is a matter of happiness for Indians. It remains to be seen what the global economic picture will be in the next quarter. The central government is trying to ensure that the instability in Bangladesh does not affect India's economy.
