Tag: Trillion
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China’s Trade Surplus Exceeds $1 Trillion as US Exports Plummet 29%; Trump Considers USMCA Exit
China’s trade surplus in goods exceeded $1 trillion for the first time this year, indicating that it exported significantly more goods to other countries than it imported. Its US shipments, however, dropped 29% amid the trade war between the US and China. In November, China’s overall exports were 5.9% higher than in the same month…
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India Poised for $5 Trillion Economy Boosted by Financial Inclusion: Insights from DFS Secretary
India is steadily moving towards becoming a $5 trillion economy, driven by strong fundamentals, infrastructure‑led growth and resilient supply chains, M Nagaraju, Secretary, Department of Financial Services, has said. The last decade has been transformative, and initiatives like Jan Dhan and DPI have expanded financial inclusion from 21 per cent in 2008 to over 80…