Centre allows international trade settlements in Indian Rupees
Nov 10, 2022, at 05:12 am
New Delhi: The government has amended the Foreign Trade Policy and Handbook of Procedures to allow for International Trade Settlement in Indian Rupees for invoicing, payment, and settlement of exports/imports, the Ministry of Finance said Wednesday.
India-China bilateral trade crosses $ 100 billion in Jan-Sept period: Report
Oct 27, 2022, at 09:25 pm
India-China bilateral trade has crossed $ 100 billion for the second year in the first nine months of 2022 while India's trade deficit widened to more than $ 75 billion, media reports said citing data released by China's General Administration of Customs (GAC).
India can be two and three wheeler exporting hub: Amitabh Kant
Sep 24, 2022, at 05:42 am
New Delhi/UNI: India has huge growth potential in the battery storage segment, on the back of which the country can become a two and three-wheelers exporting hub, ex-CEO at Niti Aayog Amitabh Kant said on Friday at the ninth Public Affairs Forum of India (PAFI) meet.
Legislative and policy measures taken to boost exports through eCommerce: Union minister Som Parkash
Aug 04, 2022, at 06:12 am
New Delhi: The government has taken several steps for increasing exports through e-Commerce, including various legislative and policy measures for e-commerce keeping in mind the retailers, Minister of State for Commerce and Industry Som Parkash told Lok Sabha in a written reply on Wednesday.
GDP share of goods and services exports surges to 21.4 pc in 2021-22 from 18.7 pc in 2020-21
Jul 30, 2022, at 07:07 pm
New Delhi: The share of exports of goods and services in GDP has increased from 18.7 percent in 2020-21 to 21.4 percent in 2021-22.
Jul 01, 2022, at 05:53 pm
New Delhi: EEPC India Chairman Mahesh Desai has said that the launch of the Capacity Building of First-Time MSME Exporters (CBFTE) scheme would give further thrust to the export sector and help India become a sourcing hub for global players across the value chain.
India's FY 2021-22 marine product exports jump by over 30 pc to USD 7.76 billion
Jun 30, 2022, at 05:46 pm
New Delhi: India shipped 13,69,264 MT of seafood worth Rs 57,586.48 crore (USD 7.76 billion) during 2021-22, despite heavy odds, the Ministry of Commerce and Industry said Thursday.
India’s services exports hit record $254.4 billion in FY22
May 05, 2022, at 07:03 am
New Delhi: India’s Services exports set a new record of $254.4 billion in the financial year 2021-2022, the Ministry of Commerce & Industry said Wednesday.
India’s pharma exports grow by 103 pc since 2013-14
May 02, 2022, at 04:40 pm
New Delhi: Indian pharma exports witnessed a growth of 103 percent since 2013-14, from Rs 90,415 crores to Rs 1,83,422 crores in 2021-22.
Despite Covid-19, turbulent geopolitical situation, India's exports remain robust: RBI
Apr 09, 2022, at 06:13 am
Mumbai: Despite the turbulent geopolitical situation and the recent spike in global oil and commodity prices, demand for the country's exports and key commodities remained strong, observed Shaktikanta Das, Governor, Reserve Bank of India.
India overshoots export target; achieves USD 417.8 billion exports in 2021-22
Apr 04, 2022, at 12:57 am
New Delhi: Merchandise exports from India have reached USD 417.8 billion in the current financial year, officials said on Sunday.
India achieves highest ever $400 billion goods export target ahead of the end of FY22
Mar 23, 2022, at 09:20 pm
New Delhi/IBNS: India hit the $400 billion export mark on Wednesday, a target it had set for for FY22.
Russia retaliates against Western sanctions with export bans: Report
Mar 11, 2022, at 08:09 pm
Russia has retalited to the western sanctions to isolate it for invading Ukraine by imposing export bans on a host of products until the end of 2022, BBC reported.
India’s exports increase by 36.76 pc YoY in Jan
Feb 16, 2022, at 02:17 am
New Delhi/IBNS: India’s overall exports (Merchandise and Services combined) in January 2022 are estimated to be $ 61.41 billion, exhibiting a positive growth of 36.76 percent over the same period last year and a positive growth of 38.90 percent over January 2020.
India emerges as largest exporter of cucumber and gherkins: Govt
Jan 23, 2022, at 10:17 pm
New Delhi/UNI: India has emerged as the largest exporter of cucumber and gherkins in the world, Commerce Ministry said on Sunday.
Exports surge in Dec, trade deficit widens
Jan 15, 2022, at 02:59 am
New Delhi/UNI: India’s merchandise exports in December 2021 grew 38.91 percent year-on-year at $37.81 billion, as compared to $27.22 billion in December 2020.
Exporters fear 200-400 pc jump in freight costs will drive buyers to other markets
Aug 19, 2021, at 10:56 pm
New Delhi/UNI: The 200-400 per cent increase in sea freight charges is fast eroding exporters' profitability thus partially negating the gains from high double-digit growth in outward shipments and leaving little funds for capacity expansion.
India records export fall in June but posts trade surplus in a decade as coronavirus hits import
Jul 16, 2020, at 05:20 am
New Delhi/IBNS: India has exhibited a negative growth in overall exports (merchandise and services combined) in April-June 2020-21 at USD 101.02 billion, which is down by (-)25.92 per cent over the same period last year, as per data released by Ministry of Commerce and Industry on Wednesday.
Trade in many developing countries projected to ‘nosedive’, warns UNCTAD
Jun 17, 2020, at 09:40 am
New York/IBNS: Trade in many developing countries is expected to take a “nosedive” in the second quarter of 2020, owing to the unprecedented effects of the coronavirus pandemic, UN economists said on Tuesday.
DGFT amends restriction on export of alcohol based hand sanitizer
Jun 03, 2020, at 12:30 pm
New Delhi/IBNS: India's Directorate General of Foreign Trade (DGFT) has amended the restriction on export of alcohol based hand sanitizer vide a notification issued on June 1, according to the department.
Indian exports and imports nosedive in March
Apr 16, 2020, at 12:43 am
New Delhi/ IBNS: Indian exports and imports declined by record volumes in March, as countries across the world sealed their borders to fight the COVID-19 outbreak.
India's export to retain healthy growth despite world protectionism: Suresh Prabhu
Jul 25, 2018, at 01:58 pm
New Delhi, July 25 (IBNS): Despite increasing global protectionism, India’s export will continue to register healthy growth rates and is expected to touch USD 350 billion in the current fiscal, Union Minister of Commerce and Industry Suresh Prabhu said in New Delhi on Wednesday.
Exporters must understand changing trends in global trades: Suresh Prabhu
Jul 08, 2018, at 12:11 am
Kolkata, July 7 (IBNS): Setting a guideline for the industrialists, Commerce and Industry Minister Suresh Prabhu on Saturday said the exporters must understand the changing trends in global trades.