Electrical machinery, parts boost India’s imports from Vietnam by 17% in January-July

News Snapshot:

Driven primarily by electrical machinery and parts, India’s imports from Vietnam are on an upward trajectory, with a 17 percent increase to $5.8 billion between January and July this year, compared to the same period last year, according to an analysis of Ministry of Commerce and Industry data. Latest available data also showed that imports of electrical machinery and parts from Vietnam jumped 43 percent between January and May 2024, compared to the same period last year. The Economic Survey 2023-24 noted that the rise in trade through countries such as Mexico and Vietnam is a “result of Chinese firms...