#india economy ranking 2022

[sudaca-swag]

https://www.tumblr.com/sudaca-swag/767116058622590976/seeing-small-countries-that-have-never-done-damage?source=share

i don't necessarily disagree but...north korea are helping funding russia's invasion and war on ukraine, where they are killing civilians and taking their land? And how do these europeans countrys you mention main income come from weapon...i'm swedish and i did not realize that was our main income nor that we are colonizing any country.

If you think for one second that north Korea is at the scale of economical and political power to be able to single handedly supply Russia like say the US does with Israel you're wrong, in any case at most they would be an outsourced factory to jump around international regulations for the Russian government, and if you think that Europe and the US arent benefitting immensely from the weapon economy regarding the Ukraine-Russia conflict you're very wrong, they're in no hurry to close that gold mine. So let's better talk about what actually moves the wheel which are the billions and billions of US dollars and European riches going into funding wars and genocides across the world directly from the hand of western politicians.

And as for the Sweden comment, here's an article from last may from Le Monde, Sweden is the 13th largest arm export country and is unfortunately looking to climb up the ladder faster no matter how green they pretend to go amongst their citizens for votes, I suggest you read it because it says some very interesting things about those in power in your country and their ties to said war industries, and how war around the globe is the joint group effort of rich countries coming together for even more profit. I'll put some of the article down here since it's locked past the first paragraphs, but if you Google "Sweden arm industry" you will be surprised at the huge amount of articles like this written about this, you should check them out they're quite short: "Certain Nordic nations have emerged as significant suppliers of security technologies and weapon systems internationally. Simultaneously, these countries are widely perceived and labelled as the ‘do-gooders’ in global affairs. This perception is supported by many characterisations of the Nordics as ‘agents of a world common good’ and ‘moral superpowers’ ".

And here's some more data from 2022: In 2014, it was the third largest weapons exporter per capita at $53.1 per capita, behind only Israel at $97.7 and Russia at $57.7. From 2009 to 2019, it was the world’s ninth largest arms exporter in U.S. dollars with a cumulative value of $14.3 billion. In the same time period, it ranked eighth in arms as a percentage of total exports. Swedish factories produce not just small arms, but advanced systems like fighter aircraft, missiles, tanks, submarines, corvettes, and air-defense platforms.

"While Western countries nominally define themselves by individualism and meritocracy, Sweden highlights the viability of dynastic, family-oriented elites in creating and maintaining powerful industrial societies. Sweden is in fact an exemplar of a unique European model of governance and political economy, but one that cleverly and counterintuitively wraps elite-led industrial strength intended to support military capacity in an egalitarian and pacifist packaging"

"Saab's share price has soared, more than tripling since February 2022. Orders have exploded. The Swedish manufacturer invested €150 million in its production capacity. Nothing like this had happened since the group began manufacturing Carl Gustafs in 1948, according to Michael Höglund, head of the Land Combat division. Several factories will be built in Sweden and abroad, notably in India. The aim is to quadruple deliveries of anti-tank weapons and ammunition by 2025, from 100,000 to 400,000 units a year.

Johansson said the war in Ukraine was a formidable "showcase" for Saab. In 2023, the group's orders, already up in 2022, climbed by 23%, as did its sales, which reached 51.6 billion Swedish krona (€4.5 billion), while its profit grew by 51%, ending at 3.4 billion krona.

Over the past year, the manufacturer, which employs over 21,000 people worldwide, including 16,000 in Sweden, has increased its workforce by almost 2,500 and is continuing to recruit. And it's not the only one. The entire Swedish arms industry is abuzz – a sector that brings together around 200 companies, some 60 of which are foreign-owned. In 2022, these companies, with sales of 48.5 billion krona, employed over 28,000 people. "We don't yet have the result for 2023, but it should be much higher," said Robert Limmergard, director of the Swedish Security and Defense Industry Association.

Demand is largely fuelled by Sweden, whose military spending is set to reach 2% of gross domestic product (GDP) by 2024. Finally integrated into NATO on March 7, the kingdom is pulling out all the stops to replenish its armaments stocks, after decades of disengagement. "We have placed orders for equipment, both in Sweden and abroad, for 19 billion krona in 2021, 36 billion in 2022 and 52 billion in 2023," said Göran Martensson, director of the Swedish Defense Materiel Administration (FMV). Exports have also risen by 18% in 2023, placing Sweden 13th in the world.

Saab was founded in 1937. "The company was formed on a handshake between the chairman of our board of directors at the time, Marcus Wallenberg [grandfather of the current president, whose family is still the group's majority shareholder], and the prime minister," said CEO Johansson.

SOFF director Limmergard: "Companies don't like me to say it, but in the late 1980s we had an Ikea-style arms industry. We had to produce high volumes, easy-to-understand and easy-to-use weapons that had to be functional and cheap. It was this tradition that enabled us to gain international market share and maintain a large industry, with companies that have since succeeded in specializing in niche markets, sometimes with the help of foreign investment."

The main bottleneck is the production line. It's impossible to increase deliveries of weapons and ammunition if suppliers don't keep up. For the Carl Gustafs, there are around 200 suppliers, some of whom have several customers, all of whom have increased their orders. This is the case, for example, with Norway's Nammo, one of Europe's largest ammunition manufacturers, with whom Saab has just signed an agreement. "We have jointly decided to develop our own warhead molding capacity. Meanwhile, they will be refocusing on artillery ammunition, which will give us greater production capacity together," said Höglund."

[mariacallous]

Across the globe, a diverse group of nations that view world politics differently from the United States are rising and flexing their diplomatic muscle in ways that are complicating American statecraft. From Africa to Latin America, to the Middle East and Asia, these emerging powers refuse to fit into traditional U.S. thinking about the world order. The successful pursuit of American interests in the mid-21st century calls for a strategy that attracts them toward the United States and its ideals but without expecting them to line up in lockstep with Washington.

“We refuse to be a pawn in a new cold war,” Indonesian President Joko Widodo, known as Jokowi, said in November 2022. His views are shared in some form or another by leaders of Argentina, Brazil, India, Mexico, Nigeria, Saudi Arabia, South Africa, Thailand, and Turkey. All 10 of these nations are either in the G-20 or have economies large enough to warrant membership. A majority of them have populations larger than Germany’s. Collectively, they make up around a third of the world’s population and a fifth of its economic production, while also constituting a major share of the so-called global south’s population and economic production.

In the next two decades, emerging powers like these will climb the ranks of the world’s largest economies and populations, reshaping the structure of world politics in the process. Their diplomacy is increasingly ambitious. And they are taking positions that run counter to those of the United States with growing boldness. Washington and its allies should accept not only that these powers are emerging, but also that as they grow stronger, they will not align with Washington’s preferences on many international issues, especially when it comes to Russia and China.

When Russia invaded Ukraine in February 2022, most of these powers declined to join the U.S.-led coalition to support Ukraine, refusing to take concrete action with sanctions on Russia or weapons for Kyiv. Some emerging powers, such as India and Turkey, even expanded economic ties with Russia.

Meanwhile, several of them pursued active diplomacy to end the war, challenging the U.S. policy of supporting Ukraine “as long as it takes.” Brazilian President Luiz Inácio Lula da Silva, for example, pitched a plan to assemble a peace club to end the war and urged Washington to “stop encouraging war and start talking about peace.” Separately, Jokowi visited Kyiv and then Moscow, urging Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin to start a dialogue. South Africa led a delegation of African leaders to end the war, and Turkish President Recep Tayyip Erdogan has maintained a working relationship with Putin and sought to keep diplomatic channels open.

Most of these emerging powers also have warm ties with Beijing. They are reluctant to do anything that would endanger their economic relations with China. On a visit to Beijing in 2023, for example, Lula pledged to work with China to “balance world geopolitics”—a phrase that implied upending American global primacy. Even India, which sees China as an adversary and has grown much closer to the United States in recent years, is very unlikely to back the United States militarily in the event of a war over Taiwan.

Washington thus needs to avoid the urge to frame this world historical moment as a neo-Cold War ideological struggle. When the United States appeals to the emerging powers to sacrifice their interests for the liberal world order, they suspect that it is simply trying to woo them for its hard-power struggles with Russia and China. Their officials are quick to cite the 2003 Iraq War as evidence that Washington is not so committed as it claims to the liberal international order. They point to the many cases where the United States has compromised on its high principles and backed autocrats. President Joe Biden’s support for Israel’s campaign in Gaza has only given them another reason to doubt the veracity of American claims to exceptional moral authority.

Most of these emerging powers have limited political headroom anyway for ideological struggles of the kind that so often animate U.S. foreign policy. Indian Foreign Minister S. Jaishankar drove this point home when he pointed out that Europe’s ability to wean itself from Russian energy was a luxury that India did not have. “I have a population at $2,000 [per capita annual income],” he said. “I also need energy, and I am not in a position to pay high prices for oil.”

Given frictions between Washington and so many emerging powers of late, it can be tempting to disregard them and focus solely on countering Beijing and Moscow. But this would be a mistake. The emerging powers don’t pose a threat of the kind that U.S. adversaries can, but they also can’t just be ignored. China and Russia are certainly not going to ignore them—in fact, they are actively courting their leaders for political ties and market access with the hope of building a network of political and economic partners to obviate the need for ties to the West.

The emerging powers are also very open to China’s backing for alternative international institutions, such as the BRICS New Development Bank, that offer the prospect of infusions of capital without the bothersome conditions that accompany Western loans. They are critical of many aspects of the U.S.-led international order, which they see as dominated by former colonial powers and unfairly structured to serve the interests of the world’s wealthiest nations.

The good news for Washington is that the emerging powers don’t want to be vassals of China any more than they want to be vassals of America. They are not swing states ready to pick sides in a neo-Cold War. In fact, they actively seek a more fluid and multipolar world, one in which they believe they will have more leverage and freedom of maneuver. Many, moreover, maintain closer economic ties with the United States than China, especially when it comes to investment and defense cooperation.

Washington can make progress with these powers if it puts aside grand ideological framings about the liberal world order and focuses on developing a positive value proposition that offers meaningful benefit to their economic and political development, sovereignty, and aspirations for an enhanced voice in international affairs.

Although trade agreements have become politically unpopular for Republicans and Democrats alike, market access remains a powerful tool the United States has to this end. Other mutually beneficial economic arrangements are imaginable, focused on specific sectors and packages. So is cooperation on infrastructure investments, technology manufacturing, energy transition initiatives, deforestation, public health, and other areas.

Even when making progress on common interests, the emerging powers will also maintain substantial relationships with U.S. adversaries. Washington should not fall into the trap of judging the quality of its relations with the emerging powers by the strength of their ties to China or Russia.

Ultimately, the best way to engage with these nations is to help them strengthen their sovereignty so that they can resist the influence of U.S. adversaries and gain a real stake in sustaining a peaceful world order. This will take time and a change of approach but is likely to pay long-term benefits to America’s prosperity and continued global leadership.

[head-post]

Turkey, China, India have fastest 10-year climbing economies, WIPO says

Switzerland, Sweden, the US, Singapore and the UK are the world’s most innovative economies, while China, Turkey, India, Vietnam and the Philippines are the fastest “decadal climbers,” the World Intellectual Property Organisation (WIPO) said on Thursday.

Daren Tang, the group’s head, told reporters at an online press conference that its Global Innovation Index 2024 “shows a softening in venture capital activity, R&D financing and other investment indicators.” Tang said:

“In 2023, we saw a decline in R&D expenditures, a reduction in scientific publications, and a scaling back of venture capital investments to pre-pandemic levels. However, technological progress remained strong in 2023, particularly in health-related fields like genome sequencing, as well as in computing power and electric batteries.”

On Turkey, the report said it “continues to make progress, climbing two places” in the innovation index. It also added:

“It also takes the 3rd position among the upper middle-income group. Türkiye stands out in various areas: it ranks 1st globally in trademarks and industrial designs, and 9th in intangible asset intensity – all showing an improvement this year.”

The 17th edition of the index, according to WIPO, is a global benchmarking resource that reflects global innovation trends and guides governments, business leaders and other organisations in unleashing human ingenuity to improve lives and tackle challenges such as climate change.

According to the organisation, the 2024 index shows a significant softening of leading indicators of future innovation activity, including a pullback from the explosive growth in innovation investment between 2020 and 2022.

There is a rise in interest rates, a fall in venture capital funding of around 40 per cent in 2023, lower growth in research and development spending, and a fall in international patent applications and scientific publications.

Read more HERE

[mokhosz-nafo]

There are currently 59 active military conflicts worldwide, the highest number since World War II, according to analysts from the Institute of Economics and Peace (IEP). They have studied how these conflicts are influencing modern trends in militarization.

One key trend is the increase in military expenditures, even as their share of national GDP is decreasing. Despite this rise in spending, the global military budget as a percentage of the economy is about half of what it was at its peak during the Cold War.

Another trend is the decline in the number of troops, which has been ongoing for the past three decades, driven by technological advancements. For example, the global number of military personnel dropped from 30 million in 1995 to 28 million in 2019. India is the only major country that has seen a rise in troop numbers.

Countries where the military holds a significant place in the national economy include North Korea (at least 24% of GDP), Afghanistan (10%), Oman (5.9%), and Algeria (4.8%). Among former Soviet states, Armenia (4.2%) and Azerbaijan (3.8%) top the list, largely due to their prolonged conflict over Karabakh.

In contrast, military spending in the U.S. is currently 3.1% of its GDP, down from 4.7% fifteen years ago. The U.S. spent $736 billion on defense in 2022, far exceeding the military budgets of China ($282 billion), India ($75 billion), the UK ($69 billion), and Russia ($63 billion).

IEP estimates that the U.S. holds the greatest military power globally, with China and Russia trailing at 0.91% and 0.9% of U.S. military potential, respectively. France, the UK, India, Japan, South Korea, and Italy also rank among the top countries with significant military capabilities.

The IEP’s analysis does not simply count the number of military equipment units but also considers technological advancements across different generations and classes of weapons. For instance, they differentiate between older models like the Su-27 or F-16 and more advanced aircraft like the F-35.

The IEP notes that global militarization levels had been declining since 2008, but this trend reversed in 2022. The analysts predict that militarization will continue to rise for at least the next five years.

[nainamalhotra123]

Geeta University: A Leading Destination for Computer Science and Engineering Education in India.

Computer Science and Engineering (CSE) has become one of the most popular and in-demand fields of study in India. With the growth of the digital economy, there is an increasing need for skilled CSE professionals in various industries such as software development, cybersecurity, artificial intelligence, data analytics, and more. As a result, many universities in India are offering CSE programs to cater to the growing demand for qualified CSE graduates. Geeta University is one such institution that has emerged as a top destination for CSE education in India.

Geeta University, is a private university located in the city of Panipat, Haryana. It was established in 2022 and is affiliated with the University Grants Commission (UGC). The university offers a range of undergraduate, postgraduate, and doctoral programs in various fields, including CSE.

Geeta University's CSE program is designed to equip students with the knowledge and skills needed to succeed in the ever-evolving field of computer science. The curriculum covers a wide range of topics, including programming languages, algorithms, data structures, computer networks, operating systems, database management systems, software engineering, and more. The program also includes practical sessions, projects, and internships to provide students with hands-on experience in real-world scenarios.

One of the key features of Geeta University's CSE program is its focus on industry-relevant skills. The university has established partnerships with leading IT companies to provide students with exposure to the latest technologies and industry trends. This enables students to stay up-to-date with the latest developments in the field and develop the skills needed to succeed in the industry. The university also offers a range of certification programs, including Cisco Certified Network Associate (CCNA), Oracle Certified Professional (OCP), and Red Hat Certified System Administrator (RHCSA), to help students enhance their employability.

Geeta University's CSE program is taught by a team of experienced and qualified faculty members who are experts in their respective fields. The faculty members use a variety of teaching methods, including lectures, discussions, case studies, and hands-on activities, to ensure that students have a thorough understanding of the subject matter. The faculty members are also involved in research and development activities, which helps them stay updated with the latest developments in the field.

The university has state-of-the-art infrastructure and facilities to support its CSE program. The campus is spread over 35 acres and includes modern classrooms, labs, a library, a sports complex, and more. The labs are equipped with the latest hardware and software, including high-performance computing systems, servers, and networking equipment. The library has a vast collection of books, journals, and online resources to support research and learning.

Geeta University's CSE program has been recognized by various accreditation bodies and rankings. The university is accredited by the National Assessment and Accreditation Council (NAAC) with an "A" grade. It has also been ranked among the top 100 engineering colleges in India by NIRF (National Institutional Ranking Framework) and Outlook-ICARE (Indian Centre for Academic Rankings and Excellence).

In conclusion, Geeta University has emerged as a leading destination for CSE education in India. Its CSE program is designed to provide students with the knowledge and skills needed to succeed in the industry. The university's focus on industry-relevant skills, experienced faculty, modern infrastructure, and accreditation and rankings make it a top choice for students seeking quality CSE education in India

[rahulrane]

Real Estate Trends in Pune for 2025: A Look Ahead

Pune has firmly established itself as one of India's most dynamic cities, thanks to a thriving economy, rapid urbanisation, and major infrastructure upgrades. As we approach 2025, the city's real estate market is gearing up for another year of robust growth. Fuelled by a booming IT sector, expanding commercial hubs, and evolving buyer preferences, Pune’s real estate market is poised for continued prosperity, with the best developers in Pune driving innovation and excellence across residential and commercial projects.

Pune's Economic Growth: A Strong Foundation for Real Estate

Pune’s economic growth has been a key driver of its real estate market, making it an attractive destination for homebuyers and investors alike. As of 2022-23, Pune ranked as Maharashtra's second-largest economic contributor with a GDP of ₹4.18 lakh crore, reflecting strong growth across multiple sectors. The city's thriving IT industry, anchored by hubs like Hinjewadi and Magarpatta, plays a crucial role in this economic expansion. With more companies setting up operations in Pune, the demand for residential properties continues to rise, especially among professionals moving to the city.

The strong economic base has also led to a rise in purchasing power, which is stimulating both residential and commercial investments. As Pune's economy continues to grow, real estate prices are expected to climb further, offering promising opportunities for investors in 2025.

Urbanisation and Population Growth

Pune's rapid urbanisation is a significant trend shaping its real estate market. With a population of approximately 7.35 million in 2024, Pune is experiencing a 2.5% annual growth rate, driven by an influx of professionals, students, and families seeking opportunities in the city. This growth has created a booming demand for residential properties, particularly in areas close to major employment hubs and educational institutions.

The rise in interest for premium properties, along with a 60% year-on-year increase in the registration of homes valued above ₹1 crore, further demonstrates the city’s evolving real estate landscape. As urbanisation continues, the demand for upscale residential properties, luxury homes, and modern gated communities is expected to surge in 2025.

Key Drivers of Real Estate Growth

Pune’s real estate market in 2025 will be driven by several key factors, ensuring the city remains one of the top destinations for residential and commercial investments.

The Growth of IT and Commercial Hubs

The development of tech hubs like Hinjewadi, Magarpatta, and Kharadi continues to have a major influence on Pune’s residential and commercial real estate. These areas have attracted major companies such as Cisco and Capgemini, contributing to the city’s reputation as a tech nucleus. As the IT and commercial sectors expand, demand for residential properties near these hubs will remain strong, driving growth in the surrounding real estate markets.

Infrastructure Advancements

Pune’s infrastructure development will play a pivotal role in shaping real estate trends in 2025. The Pune Ring Road, Metro project, and new flyovers are enhancing connectivity and reducing travel times across the city. With increased government spending on urban infrastructure, areas previously considered less accessible are now becoming more desirable for both homebuyers and investors. These developments are also attracting businesses to Pune, increasing demand for both commercial spaces and residential properties.

Government Support and Policies

The Maharashtra government’s proactive policies are adding to the real estate market’s optimism. Amendments to the MahaRERA Act will ensure greater accountability from developers, addressing long-standing issues around essential services like water supply and sewage treatment. These policy changes are expected to improve the overall living experience in Pune, boosting buyer confidence in the market.

Work-from-Home and Hybrid Models

The post-pandemic shift towards remote work has influenced homebuyers' preferences in Pune. With more people working from home, there is growing demand for properties with dedicated workspaces and high-speed internet connectivity. Suburban areas like Wagholi and Kharadi are becoming popular choices for buyers seeking larger homes with outdoor spaces, as these locations offer an ideal blend of affordability and tranquility.

Rising NRI Investment

Pune’s real estate market is also seeing increased interest from Non-Resident Indians (NRIs), especially due to its relatively affordable property prices compared to Mumbai. The city’s well-established educational infrastructure, booming IT industry, and expanding commercial hubs make it an attractive destination for NRIs looking for long-term investments in residential and rental properties.

The Commercial and Luxury Real Estate Market

In addition to the residential sector, Pune’s commercial real estate market is seeing considerable growth. The rise in coworking spaces and demand for office spaces near IT hubs like Hinjewadi and Kharadi is contributing to this surge. In the luxury segment, Pune is witnessing an increase in demand for high-end properties, driven by affluent professionals working in the tech and IT sectors.

As more luxury developments incorporate advanced home automation, wellness facilities, and eco-friendly features like solar power and rainwater harvesting, Pune's luxury real estate market is expected to grow significantly in 2025.

Real Estate Price Trends for 2025

Pune’s real estate market has shown a steady increase in prices over the past few years, with the average rate per square foot rising from ₹5,500 in 2016 to ₹7,400 in 2024. This price growth is expected to continue in 2025, driven by demand in key areas like Baner, Wakad, and Kharadi.

For example, areas like Wagholi, Hinjewadi, and Wakad have witnessed a rise in rental and capital values, making them prime investment destinations. As the city continues to grow, these locations are expected to see further appreciation, offering lucrative returns for investors.

Spotlight on Wagholi: Esbee Realty's Adira Project

Wagholi, with its strategic location and rapidly improving infrastructure, has become a sought-after destination for real estate investment. As both rental and capital values continue to rise, the area is increasingly attracting homebuyers and investors alike. One notable development in Wagholi is Esbee Realty's Adira project, which offers modern residential units with top-tier amenities and excellent connectivity. This project is set to contribute significantly to the area's growth, making Wagholi a prime location for those looking to invest in apartments in Wagholi or flats in Wagholi. With some of the best developers in Pune leading the way, such as Esbee Realty, the demand for quality housing is on the rise. Whether you are searching for 2 BHK apartments in Wagholi or 3 BHK flats in Wagholi, projects like Adira are expected to meet the growing need for contemporary living spaces in 2025. As the area continues to flourish, Wagholi remains a key player in Pune's real estate market.

This article is also posted on : - https://medium.com/@krutikaverma46/real-estate-trends-in-pune-for-2025-a-look-ahead-78724d687519

[gorizont-biz]

India Economic Overview

India's economy is an emerging mixed economy characterized by a large public sector in strategic industries and broad government influence. It ranks fifth in the world in nominal GDP and third in purchasing power parity (PPP), but ranks much lower in per capita income. From 1947 to 1991, India's economic policy was characterized by Soviet-style protectionism, heavy government intervention and regulation, resulting in inefficiency. Liberalization of the economy in 1991 marked the transition to market-oriented growth, although the government retains significant control over key sectors such as railroads, banking, defense, and telecommunications.

Domestic consumption accounts for nearly 70% of India's GDP, making it the fourth largest consumer market in the world. Government spending, investment and exports also contribute to the economy. India is a major player in global trade, ranking as the 10th largest importer and 8th largest exporter in 2022. The economy is dominated by the services sector, which accounts for more than half of GDP, and agriculture and industry employ the majority of the labor force. Despite these strengths, India faces the challenge of high unemployment, income inequality and structural economic problems, resulting in a lack of jobs.

Labor Market

India's labor force, the second largest in the world, suffers from low productivity despite long working hours. In recent years, economic data has been scrutinized for possible manipulation. Social welfare spending, at 8.6% of GDP, remains low compared to the OECD average. Rural areas, home to 65% of the population, contribute half of GDP but are characterized by significant poverty and inequality. In 2021, most Indians lived on less than 10 dollars a day.

The country is actively attracting foreign direct investment (FDI), which reached 82 billion dollars in 2021-22, with the leading sectors being finance, banking and research and development. Free trade agreements with various countries have strengthened economic ties. Challenges of unemployment, declining aggregate demand and income inequality remain, though India remains an important player in global manufacturing and services.

Key industries

The petroleum and chemical sectors play a critical role in India's economy, accounting for more than 34% of export earnings and are major contributors to industrial GDP. India has an extensive network of refineries, including Soviet-era refineries in Barauni and Gujarat, as well as the world's largest refinery complex in Jamnagar, which processes 1.24 million barrels of crude oil daily. The chemical industry, valued at 178 billion dollars, contributes 5% of GDP and is the third largest in Asia. 

India leads the world in the production of agrochemicals, polymers, dyes, and various organic and inorganic chemicals, but remains a net importer to meet domestic demand. Employment in the sector reached 17.33 million in 2016, and forecasts point to significant growth, potentially reaching 400 billion dollars by 2025.

India's fertilizer industry comprises 57 large plants producing a range of nitrogen fertilizers, as well as smaller plants producing other chemical fertilizers. The country is heavily dependent on coal and crude oil, which account for 85% of primary energy consumption. India's proven reserves of crude oil and natural gas, although significant, meet only 25% of domestic demand. Offshore and onshore oil fields including Bombay High and the Krishna-Godavari basin are central to production. Reliance Industries Limited, with its refinery in Jamnagar, represents India's private sector in refining, while public sector giants such as ONGC and IOCL dominate the market.

Electricity production has also shown significant growth, with India ranked as the world's third largest power producer by 2013 and achieving a power surplus by 2015. The energy mix is dominated by thermal power, although renewables such as solar, wind and biofuels are gaining ground. Stagnation in nuclear power has been offset by the India-US nuclear deal and discoveries in the Tummalapalle belt, which promise to expand nuclear capabilities.

India's agrochemical sector has achieved global recognition and has become the second largest exporter of agrochemicals. Exports have doubled in six years with a compound annual growth rate (CAGR) of 13%. Indian agrochemicals are valued for their affordability and quality, making them a trusted choice for millions of farmers around the world. The Crop Care Federation of India has called for measures to increase domestic production and reduce dependence on imports.

Financial Sector

The financial sector remains a pillar of the economy, contributing 809 billion dollars (37% of GDP) in 2016. Post-liberalization banking reforms have diversified the sector and increased efficiency and competition. Despite these achievements, rural banking coverage remains limited, with only a fraction of villages served by conventional banks. In 2006-07, gross domestic savings amounted to an impressive 32.8 percent of GDP, with a significant portion invested in physical assets.

Conclusion

India's economy relies on a diverse range of industries, from a strong petroleum and chemical sector to pioneering efforts in agrochemical exports and energy production. The financial sector complements this industrial growth by fostering innovation and inclusiveness. Together, these sectors contribute to making India a sustainable economic leader on the global stage in the future.

[eximpedia1]

Start a Profitable Carpet Export Business in India

Indian carpets are a testament to the nation's rich cultural heritage and craftsmanship while significantly contributing to its economy. Widely cherished for their intricate designs and exceptional quality, these carpets adorn homes, workplaces, and temples across the globe. In the fiscal year 2022-23, India exported carpets and rugs valued at an impressive US$ 1.36 billion, solidifying its position as the world's third-largest carpet exporter. With approximately 85-90% of its production destined for international markets, India’s carpet industry is an undeniable force in the global arena.

The Size and Scope of the Carpet Industry

The global carpet market, valued at USD 72.39 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 4.35% from 2024 to 2033. India’s carpet and rug market holds a notable share within this expansive industry, reaching approximately USD 5.0 billion in 2023. Prominent Indian players such as Saraswati Global Pvt. Ltd., Jaipur Rugs, The Rug Republic, and Obeetee Pvt. Ltd. are at the forefront of this thriving sector.

Factors driving the global carpet industry’s growth include increased interest in interior decoration, expanding urbanization and globalization, growth in the construction sector, rising middle-class populations, higher investments in interior designs and furnishings, and activities related to renovation and rehabilitation.

Carpet Production in India: A Heritage of Excellence

India is the world’s second-largest producer of carpets, following China. Known for its wide range of carpet types, including Indo-Persian, silk, wool, Zeigler, Kilim, and hand-tufted varieties, India’s craftsmanship is globally renowned. Key carpet manufacturing hubs include Agra, Jaipur, Srinagar, Danapur, Bhadohi, and Panipat, the latter gaining prominence in recent decades.

With over two million people employed in the cottage industry of hand-weaving techniques such as braiding, shearing, hooking, and hand tying, carpet production remains an integral part of India's rural economy.

India’s Carpet Export Statistics

Based on carpet export data, India’s carpet export value reached US$ 1.15 billion between April and January 2024. In the fiscal year 2022-23, the total export value stood at US$ 1.36 billion, while the previous year’s exports were valued at US$ 1.79 billion. Indian carpets are exported to over 100 countries, with the USA accounting for more than 55% of total sales. Handmade carpets, including wool, cotton, rugs, and durries, dominate these exports. Notably, India exported jute carpets worth US$ 87 million and silk carpets valued at US$ 50 million during FY23.

Varieties of Indian Carpets Exported

India caters to a diverse global market with a wide range of handcrafted carpets. These include pure silk carpets, tufted woolen carpets, hand-knotted woolen carpets, staple and synthetic carpets, Gabbeh carpets, hand-made woolen dhurries, and chain stitch rugs. These varieties are exported to numerous Asian and European nations, enhancing India’s reputation as a premier supplier of exquisite floor coverings.

HS Codes for Carpet Exports

Prominent HS codes in the carpet export sector include those for tufted carpets, knotted carpets, and other textile floor coverings. These codes categorize products for streamlined global trade and ensure compliance with international regulations.

Top Export Destinations for Indian Carpets

Indian carpets are highly sought after in international markets, with the USA leading as the largest importer. Other significant destinations include Germany, the United Kingdom, Australia, the Netherlands, Sweden, and Italy. The USA alone imported Indian carpets valued at US$ 684 million up to January 2024, while Germany and the UK followed with imports worth US$ 70 million and US$ 51 million, respectively.

Global Leaders in Carpet Exports

India ranks third globally among the top carpet-exporting countries, following China and Turkey. Other notable exporters include Belgium and the Netherlands. These countries collectively dominate the global carpet trade, but India’s unique handcrafted designs and competitive pricing give it a significant edge.

Top Carpet Exporters in India

Leading carpet exporters in India include Bhadohi Carpets, Obeetee Carpets, Jaipur Rugs, Carpet Overseas, Rugs and Beyond, Insigne Carpets, Kaleen India, The Rug Republic, Genie Carpet Manufacturer, and The Weaver. These companies play a crucial role in meeting the global demand for high-quality carpets and driving India’s export success.

The Future of Indian Carpet Exports

India’s carpet exports are poised for sustained growth due to several factors. Increasing global demand for personalized and sustainable products, advancements in automated looms and digital printing, rising disposable incomes, and urbanization are set to boost the industry further. Government initiatives such as subsidized loans, marketing events, and skill development programs also support this growth. Additionally, Indian weavers’ adaptability to changing market trends and customer preferences ensures their continued relevance in the global market.

How Eximpedia Can Support Your Carpet Export Business

Eximpedia.app provides reliable, real-time data on carpet export markets. From identifying legitimate buyers and suppliers to understanding market trends and insights, Eximpedia is your go-to platform for enhancing your carpet export from India. With comprehensive data and expert support, businesses can navigate the global market with confidence and precision.

Final Thoughts

India’s carpet industry, with its rich heritage and robust export potential, continues to thrive in the global marketplace. By leveraging resources like Eximpedia’s export data, businesses can identify opportunities and achieve greater success in this promising sector. For expert assistance and real-time insights, connect with Eximpedia today!

[vjcoverseas]

Study In SOUTH AFRICA

Apply for a STUDY VISA FOR SOUTH AFRICA and get a chance to study in any one of the four South African universities which are among the top 500 universities in the QS World University Rankings for 2022. The University of Cape Town, which is ranked 226th, is the highest-ranked of these. The University of Witwatersrand, which is ranked 424th, and Stellenbosch University, which is ranked 434th, are the next highest ranked universities.

South Africa spends about 21% of its national budget on education, with 12% allocated to higher education, outperforming countries such as the United States, Germany, India, Japan, and Canada. Students who choose to hold a Study Visa for South Africa and study abroad in South Africa, their numbers are growing and are ideally placed to obtain a high-quality education while engaging in the country’s developing economy.

[flivv-developers]

The economy of a country determines its financial future and, one major factor contributing to the economy is Real Estate. Thus, it is one of the most recognized sectors globally. Several sub sectors make up Real Estate property – housing, retail, hospitality, and commercial. This industry is closely related to the demand for office space and urban and semi-urban housing. Hence, acting as a source for millions of people to get involved with it. According to the Direct, Indirect, and Induced Effects Index, the construction industry in India ranks third among the 14 major sectors, making real estate property an essential part of the Indian economy.

The Significance of the Real Estate Property in India

Real estate generates the second-highest level of employment in India after agriculture. With the current development and projects in the country, non-resident Indians (NRIs) will also invest in real estate in the near future. NRIs and locals will now have the chance to take advantage of more types of real estate investment opportunities. The real estate market grew from Rs. 12,000 crore (US$ 1.72 billion) in 2019 alone and is expected to grow from 65,000 crores (US$ 9.30 billion) by 2040. Retail, hospitality, and commercial real estate sales are also increasing, leaving India with the needed infrastructure to meet its growing demands.

Investments in Indian Real Estate 

Investing in Real Estate has become much easier because of government initiatives and continuous development in major cities like Hyderabad, Pune, and Bengaluru. Real estate developers in India have shifted gears to meet the challenges of an increasingly informed consumer base and globalization. SEBI has approved the Real Estate Investment Trust (REIT) platform, which will allow investors from all over the world to invest in the Indian real estate market. In the coming years, it will create an opportunity worth Rs. 1.25 trillion (US$ 19.65 billion) in the Indian market! The growing need for real estate property developers to manage multiple projects across multiple cities also compels them to invest in centralized processes to source materials and organize the workforce, leading the way to welcome thousands of investors. Coming to the residential sector, the central government plans to build 20 million affordable houses in urban areas across the country by 2022, as part of the ambitious Pradhan Mantri Awas Yojana (PMAY) scheme of the Union Ministry of Housing and Urban Affairs. Due to this, demand for retail and office space in urban areas is likely to skyrocket as the number of housing units increases.

Furthermore, private companies are developing residential ventures for the families to settle and find employment at affordable rates alongside government initiatives. As a Real Estate investor, you will be able to secure a good place in the future by making profits out of your investment. In conclusion, the evergreen sector contributes 6-7% of the GDP and creates jobs in the economy on average.

Therefore, Flivv Realty strives to help you get your hands on the best Real estate property deals and reap benefits over time. We connect you with the best Real Estate stakeholders in the city and, we provide free consultancy throughout your purchasing process. From explaining market conditions to post-buying consequences, the expert team of Flivv Realty will always be available to aid you. Be a part of contributing to the economy and invest your money safe with us.

[cricketbazaar]

The Most Wickets In IPL History

The 18th edition of India's largest cricketing event, the Indian Premier League (IPL), is scheduled to take place in 2025. Particularly in the bowling section, the rivalry has reached new heights as ten teams aim to win the coveted crown. Even though hitters frequently take center stage, bowlers in the game's shortest format still treasure the Purple Cap, which is given to the player who takes the most wickets in the tournament. Due to the IPL 2025 mega auction, the franchisees will be under more pressure for the next season. All eleven teams will try to restructure their rosters by adding new players and keeping some of their old players. One lingering uncertainty is the Impact Player rule, which caused debate in past seasons. Given how it can impact bowling plans, a number of teams and players have expressed worries about its possible continuation. 

The Sought-After Purple Caps and Its Seekers

Even though there were a lot of runs made throughout the 2024 season and new batting records were established every other day, teams know that bowlers are frequently the ones who assist them in winning games. Despite carrying a hefty price tag, pacers Mitchell Starc and Pat Cummins, who were the most expensive players in the last auction, generously returned the favor to their respective franchises. Promising bowlers like Mayank Yadav, Harshit Rana, and Vaibhav Arora rose to the top of the IPL 2024 rankings and might be serious candidates for the Purple Cap in the IPL 2025 schedule. They will, however, have fierce opposition from well-known players, such as Harshal Patel, the Purple Cap winner from the previous season, who took an outstanding 24 wickets. Besides, there will be more elite players competing in the Purple Cap race in 2025, making it more competitive.

Bowlers - A Necessary Asset For IPL Teams

The importance of bowlers in the IPL cannot be understated. Although each side has a strong batting order, the bowlers frequently tip the scales. Some teams in the IPL have struggled in the league due to a lack of bowling skills. However, the league's top teams, like the Chennai Super Kings (CSK), Kolkata Knight Riders (KKR), and Mumbai Indians (MI), have established their dominance thanks to their pool of excellent bowlers. Even the Gujarat Titans (GT), the IPL's 2022 debutants, used their bowling arsenal to win a significant number of games. This suggests that in order for teams to succeed in the lucrative competition, bowlers are essential.

Yuzvendra Chahal - The Best of The Best

While we are on the subject of successful bowlers in IPL, how can we forget about the phenomenal Yuzvendra Chahal who is currently the highest wicket-taker in the history of IPL. With 205 wickets in 160 games, Yuzvendra Chahal holds the record for most wickets in IPL ever. He achieved this position after dismissing Nitish Rana, the captain of the Kolkata Knight Riders, in the 56th match of IPL 2023 between the Rajasthan Royals (RR) and KKR. The leg-spinner, who played for Royal Challengers Bangalore (RCB) from 2014 to 2021, took 139 wickets at an economy rate of 7.58 in 113 games. He played for RR in 2022 and took 27 wickets in 17 games, earning him the Purple Cap. When the wrist spinner held onto a return catch from MI's Mohammad Nabi in the 2024 Indian Premier League, he broke the 200-wicket milestone. 

[nimratkaur22-blog]

From Trees To Trade: Decoding The Promising Future of Indian Coconut Exports

Coconuts, a tropical staple in many Indian households, are more than just an agricultural pursuit. In fact, they’re a significant contributor to the nation’s export economy. From desiccated coconut to coconut oil, Indian coconut exports have indeed gained a strong global foothold. Curious to know everything you need about this competitive yet thriving market? Read on to unlock the biggest coconut exporters in the world, how to start a coconut export business in India and much more. 

The Global Coconut Export Landscape 

As a globally traded commodity, the coconut export market is driven by the rising popular demand for coconut-based products in several sectors. With more consumers seeking more plant-based natural products, the biggest coconut exporters in the world have indeed stood at the forefront of production and distribution. Not to mention, countries like the Philippines, Indonesia, Brazil, India, and Vietnam, to name a few, have established export networks and large-scale coconut plantations. 

In fact, even though India, while being a major coconut producer, emphasized domestic consumption, recent trends reveal how the nation is gaining ground in the international markets by targeting North American, Middle Eastern, and European markets, to name a few. 

What’s more is that India stands tall as one of the largest coconut producers globally, accounting for 31.45% of the world’s coconuts. In fact, with the nation’s fertile coastal states, like Karnataka, Tamil Nadu, Andhra Pradesh, and Kerala, at the heart of this thriving industry, the Indian coconut export business is booming. 

Not to mention, Indian coconut exports are a mix of everything from desiccated coconut and coconut oil to activated carbon made from coconut shells and coir. These coconut-based products are not only an Indian staple but also are sought after increasingly across the globe. 

India’s recent emphasis on sustainability, quality, and organic certifications of coconuts has further enhanced its appeal in the international market. In fact, Indian coconut export businesses are achieving the growing market demand for organic coconut products, including organic oil, coconut water, and other niche products, to cater to an array of consumers, including those who are health-conscious. This strategic focus steadily positions the nation as a competitive force on the international front. 

The Biggest Coconut Exporters in the World 

While India’s coconut exports have found a receptive audience across the globe, it faces severe competition from the biggest coconut exporters in the world. In fact, with the leading coconut exports coming in from the Philippines and Indonesia, accounting for approximately 20% and 18% of global coconut exports, respectively, both nations saw a significant increase in their desiccated coconut exports. 

On the contrary, India ranks 3rd in its coconut exports, accounting for 15% globally. In fact, India’s exports of coconut products were valued at $ 427.3 million in 2022–23, representing a 9.8% increase from 2021–22. 

Apart from these top 3 contenders, other nations like Vietnam, Brazil, Sri Lanka, Papua New Guinea, Mexico, Thailand, and the Dominican Republic play a significant role in contributing to the global coconut export landscape. In fact, each of these nations has tailored their foreign trade strategies to meet specific market demands, and their coconut exports are no different. 

In a Nutshell

Overall, India's coconut exports serve as a testament to the global affinity for coconut-based products. Despite facing severe competition from the biggest coconut exporters in the world, including Indonesia and the Philippines, India has indeed carved out a niche in the international market, especially with a streamlined focus on sustainability and quality. Looking ahead, the future of coconut exports in India seems promising with significant opportunities to diversify, innovate, and connect with a larger consumer base. 

Frequently Asked Questions (FAQs)

Is coconut export business profitable in India? 

Absolutely! With a significant and growing market demand, starting a coconut export business is indeed profitable, especially in India. 

How to start a coconut export business from India? 

In order to start a coconut export business in India, it’s important for you to have a proper plan. In other words, you need to have a thorough understanding of the global coconut export market. Post that, it’s important to establish a sound supplier and buyer network. Before exporting any product, it’s essential for you to get the documentation in shape, especially any compliance certificates and licenses. Once you’ve got these in proper shape, you’re all set to pack and ship your products. 

What are India’s top coconut exports? 

Standing as one of the biggest coconut exporters in the world, India primarily exports fresh coconuts, coconut oil, coconut sugar, coconut water, coconut sugar and desiccated coconut to name a few. 

[aakashmalhotra]

Understanding the financial aspects of transitioning to cleaner energy sources

The world's transition to greener alternatives was comparatively slow until the beginning of the previous decade. But this pattern shifted. The rapid transition to clean energy adoption has been driven by a combination of factors. On the supply side, declining costs of renewable energy sources, particularly solar and wind, have played a significant role. Additionally, increasing consumer awareness and preference for environment friendly options have influenced demand for clean energy. This energy transition has been facilitated by economies of scale and advancements in technology.

Furthermore, geopolitical uncertainties, concerns about energy security, and international pressure have compelled governments to shift towards renewable energy sources. Consequently, there is a global shift towards more cautious approaches to new investments in fossil fuels, with a focus on lower carbon projects. This transition is expected to bring about changes in energy trade dynamics, driven by variations in renewable energy resources, evolving energy security considerations, and countries' capacities to rapidly scale up clean energy production.

What potential effects can these changing global dynamics have on India?

According to Deloitte's energy professionals, India will require an average of US$300 billion  investments per year between 2022 and 2070 in order to make the shift to renewable energy. There will be benefits and drawbacks to making such a significant investment for a nation of 1.4 billion people that hopes to become the third-largest economy in the coming years and a developed country in the next 2.5 decades. The "where" and "how" were addressed by professionals, but we attempted to address the "why" from an economic perspective by employing a benefits and costs analysis. 

Investing in greener technologies could significantly boost India's GDP, job creation, financing, and supply chains by 2030. Deloitte experts predict a 1.1% GDP growth, with an average yearly growth of US$613 billion. The renewable energy sector is expected to create 56.8 million new direct jobs by 2030, leading to increased energy self-sufficiency and reduced supply chain disruptions.

India has seen a 396% increase in its non-fossil fuel capacity in the past 8.5 years, but more progress is needed to fully utilize renewable resources. Significant investments are required to enhance renewable energy generation to meet the country's energy demands. Experts have developed a roadmap for this transition, and monitoring the pace of this transition will be crucial.

The current profile of energy consumption in India

India's economic development lags behind that of major industrial nations, and its per capita energy consumption is significantly lower. However, despite this, it ranks as the third largest nation in Greenhouse Gas (GHG) emissions globally. The dominance of coal in India's energy mix has led to a substantial increase in carbon dioxide emissions. The power sector is responsible for 40 percent of GHG emissions, while the industry (including iron and steel, cement, and chemicals sectors) accounts for 30 percent, and transport contributes about 15 percent.

India relies heavily on coal for its energy, with coal accounting for 60 percent of the country's energy consumption, mainly for power and industrial sectors. This is higher than the global average reliance on diverse energy sources. In contrast, renewables make up only 10 percent of India's energy consumption, which is lower than the global average of 13 percent.

India's growing economy is expected to increase energy consumption over the next decade, leading to higher carbon emissions. As the middle class expands and disposable income rises, there will likely be increased demand for energy-intensive products and services.

India has committed to reach the net-zero target by 2070, following global trends (reference COP 27). By 2030, India aims to have about 50 percent of its electricity generated from non-fossil fuel sources. Additionally, India has pledged to reduce the intensity of emissions in its GDP by 35 percent by 2030.

The opportunities India has  

Although there may be difficult decisions to make, switching to renewable energy has certain advantages in terms of economics. Increased spending on renewable energy will boost the economy, increase net employment, increase credit flows, and improve the balance of payments. However, there will be expenses related to these investments as well. A benefit-cost analysis from the four viewpoints has been highlighted below:

GDP & Investment

Benefits

According to Deloitte, India must invest between US$176 billion and US$204 billion annually until 2030 to create new infrastructure, upgrade current infrastructure, implement new technologies, and promote green energy. This investment, making up 32% of GDP, is projected to contribute US$613 billion annually on average and increase India's GDP by 1.1% by 2030. The infrastructure's positive impact will create employment opportunities and ripple benefits across various sectors.

Lower energy costs and more jobs will raise households' real incomes and boost their ability to buy things, which will raise GDP. 

Cost

The energy transition is capital-intensive, with high upfront costs for infrastructure. Private involvement is expected to be minimal initially, with government subsidies needed to encourage broader use. This could lead to higher fiscal costs or a reallocation of funds from other social sectors, especially in countries with limited resources like India.

Financing

Benefits

Investments are expected to increase credit demand and expand credit. Bank borrowing will become more popular, encouraging creative financing strategies. For example, by the end of October 21, 2022, outstanding bank loans to the renewable sector had more than quadrupled to INR4.2 billion from INR2.1 billion the previous year. This trend can lead to new alliances and expand the BFSI market.

Cost

To build infrastructure, securing sustainable funding sources, such as working with multilateral development banks, is necessary. However, some project types, like carbon capture, utilization, and storage [CCUS] and green hydrogen, are concerned about credit risk exposure. Delays in implementation may require government assurances and additional insurance expenses.

Supply Chain

Benefits

The increasing proportion of renewable energy is anticipated to lessen India's reliance on specific economies to import fossil fuels and its vulnerability to supply chain interruptions (caused by geopolitical uncertainty), as the country is mostly dependent on imported oil. A report by IRENA claims that increased energy electrification can improve the trade balance by more than 1%. Energy security is also increased by working for energy self-sufficiency.

Cost

The shift to new energy sources is expected to disrupt supply chains across different sectors and regions. Until recently, these disruptions have led businesses, investors, consumers, and lawmakers to be hesitant about making any changes. India currently imports significant quantities of cells, modules, glass, encapsulant film, backsheets, and aluminium frames from various countries, resulting in price fluctuations and supply chain vulnerabilities. Moreover, transitioning to renewable energy will require extensive international coordination and government participation.

Last words

Businesses and industries need to adjust every stage of the value chain to ensure a smooth transition. This includes making changes to distribution networks, production procedures, and supply chains. For example, integrating renewable energy infrastructure like solar panels or wind turbines can lead to cleaner manufacturing processes. It's crucial to stay updated on industry standards and legal regulations related to clean energy and environmental sustainability to comply with waste management, energy efficiency, and carbon emissions targets.

[tradologie12]

Top Countries That Import Wheat

One of the most significant crops, wheat is essential to the world's food supply chain. On account of its widespread usage in producing essential food products like bread, pasta, and other basic food items, it is no surprise that its demand remains high worldwide. Many countries, especially those that have limited domestic production, rely heavily on imports to meet their food security needs. In this article, we will explore the top countries that import wheat and also highlight the key import statistics, and analyse market trends. If you're an exporter looking to export bulk wheat, then understanding these countries' market demands can play a significant role in your success.

Global Wheat Trade Overview

Frankly speaking, the international wheat market is vast and dynamic, and it is driven by a variety of factors such as population growth, economic development, changing dietary preferences, and climatic conditions. 

In 2023, the market for wheat imports worldwide was estimated to be worth $55 billion. Not to add, a sizable portion of it came from the top importing nations. The Middle East, Asia, and Africa are the main importers of wheat. These nations either have inadequate local production or have unfavourable climates that make cultivation impractical.

1. Indonesia

Indonesia has emerged as one of the largest wheat importers in the world. It is no surprise that in 2022 the country imported approximately 11.5 million metric tons of wheat. This reflects its growing population and increasing dependence on wheat-based food products. Although Indonesia does not produce wheat domestically due to unsuitable climatic conditions. However, it remains a significant consumer, with a thriving noodle and bakery industry driving demand. The country's major suppliers include Australia, Ukraine, and Canada.

2. Egypt

Egypt consistently ranks among the world’s top wheat importers. In 2022, Egypt imported nearly 9.8 million metric tons of wheat, according to the USDA. Wheat is a crucial component of the Egyptian diet, particularly for bread, which is a staple food for much of the population. The Egyptian government also heavily subsidised bread, ensuring a steady demand for imported wheat. Historically, Egypt has sourced a significant portion of its wheat from Russia and Ukraine, but supply chain disruptions have led the country to diversify its suppliers, including turning to Romania, France, and the United States.

3. Turkey

Turkey is another key wheat importer, with imports reaching over 10.8 million metric tons in 2022. Despite being a major producer of wheat, Turkey imports substantial quantities for processing and re-exporting. The country boasts one of the largest wheat flour milling industries in the world, processing imported wheat to manufacture flour, which is then exported to neighbouring regions. Russia and Ukraine are primary wheat suppliers to Turkey, followed by Germany and Lithuania.

4. Nigeria

Nigeria is Africa’s largest wheat importer, with imports standing at approximately 6.6 million metric tons in 2022. The country’s growing population, coupled with increasing urbanisation and the rising popularity of bread and noodles, has led to greater demand for wheat. Local wheat production in Nigeria is minimal due to climatic limitations, which forces the country to rely heavily on imports, mainly from the United States, Canada, and Argentina.

5. Bangladesh

Bangladesh is among the top wheat importers in South Asia. In 2022, the country imported nearly 6.5 million metric tons of wheat. As a growing economy with a population exceeding 165 million, Bangladesh has experienced a sharp rise in wheat consumption, particularly in urban areas. Most of the imported wheat is used for producing bread, noodles, and biscuits. Russia and Ukraine have been primary suppliers, but due to geopolitical tensions, Bangladesh has been increasingly sourcing wheat from India, Canada, and Australia.

6. Pakistan

Although Pakistan is a wheat-producing country, it is also a significant importer due to supply-demand imbalances caused by domestic shortfalls. In 2022, Pakistan imported approximately 3 million metric tons of wheat, mainly to stabilise local markets and curb rising food inflation. Wheat imports are typically sourced from Russia, Ukraine, and Central Asian countries. The government also imports wheat to build reserves and ensure price stability during times of crisis or drought.

7. Philippines

In 2022, the Philippines brought in about 6.8 million metric tons of wheat from overseas. Like Indonesia, the nation does not cultivate wheat on its own, but consumption is nonetheless high, especially when it comes to making noodles and bakery goods. Canada, Australia, and the United States are the Philippines' main suppliers of wheat.

Market Trends and Insights

Several factors continue to shape the global wheat import landscape. Supply chain disruptions due to geopolitical issues, such as the conflict between Russia and Ukraine, have had a profound impact on wheat prices and availability. Both countries are major wheat exporters, and any disruption in their production or export routes reverberates across the global market. Many countries are now seeking to diversify their wheat import sources to reduce dependence on specific regions.

Furthermore, climate change is playing an increasing role in determining the reliability of wheat production worldwide. Exporters targeting countries with significant wheat import demands must stay informed about climate patterns, international trade policies, and consumer preferences.

Conclusion

Growing populations, shifting dietary preferences, and insufficient domestic production are the main causes of the dominance of countries such as Indonesia, Egypt, Turkey, and Nigeria in the world's wheat imports. In order to effectively penetrate these markets and export bulk wheat, exporters must have a thorough understanding of these countries' import requirements. It will be essential to monitor market developments and diversify supply chains in order to maintain stability and growth in this industry as the demand for wheat rises globally.

[yourpediaglobal]

US Universities with the Most Indian Students

The United States is a popular destination for international students, and India is one of the top sending countries. In 2021-2022, there were over 160,000 Indian students enrolled in US universities. This represents a significant increase from just a few decades ago, when there were only a few thousand Indian students in the US. There are many reasons why Indian students choose to study in the US.

The US is home to some of the world’s top universities, and Indian students are often attracted to the prestige and quality of these institutions. Additionally, the US offers a wide variety of academic programs, and Indian students can find programs that match their interests and career goals.

Are you dreaming of pursuing a fully funded PhD in the USA? Look no further for inspiration! Join us as we share the incredible success story of one of our students who turned their dreams into reality. The US also has a strong economy and a vibrant job market. Indian students often see studying in the US as a way to improve their career prospects and earn a higher salary. The top 10 US universities with the most Indian students are:

New York University

Carnegie Mellon University

Northeastern University

Purdue University

University of Illinois at Urbana-Champaign

University of Texas at Austin

University of California, Berkeley

Columbia University

Georgia Institute of Technology

Arizona State University

These universities have a number of things in common. They are all highly ranked universities with strong academic programs. They also have large international student populations, which can provide Indian students with a supportive and welcoming environment. Are you aspiring to pursue a Master’s or PhD program in the United States? Look no further than Purdue University, renowned for its world-class education, cutting-edge research opportunities, and vibrant campus life. We are delighted to guide you through the stepwise application process for the Spring 2024 intake

International Student Ratios

The international student-ratio is the percentage of international students enrolled at a university. The top 10 US universities with the most Indian students all have international student ratios of 20% or higher. This means that a significant portion of the student body at these universities is from outside the US. The high international-student ratios at these universities can be a benefit for Indian students. International students can provide Indian students with a different perspective on the world and help them to develop their cross-cultural communication skills. Additionally, international students can help to create a more diverse and inclusive campus environment. Our student has been awarded a fully funded Ph.D. scholarship at the esteemed University of North Texas. Don’t miss out on this incredible success story. Watch now to be inspired!

Visit this website for complete details...

YourPedia Global