Business / Industry Sectors
Israeli exports to India double in Q1
08/06/2015
India is now Israel's sixth largest export destination

Israeli exports to India totaled $370 million in the first quarter of 2015, double the exports in the corresponding quarter last year, according to figures published today by the Israel Export and International Cooperation Institute. Export Institute economists who analyzed the figures said that Israeli exports to India had risen in all sectors, including telecommunications equipment, measuring and control equipment, industrial equipment, etc.

The Export Institute added that this rise indicated improvement in the economic situation in India, now rated as Israel's sixth largest export destination, compared with 15th place in the first quarter of 2014.

"Since the increase is common to all sectors, not focused in a single sector, the impression is gained that India is recovering in accordance with the forecasts that India's economic growth in 2015 and 2016 will be faster than China's," said Export Institute Deputy Director General for Economics & Professional Services, Shauli Katznelson.

 

Sorce: Globes

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