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India's auto-parts industry records trade surplus of $700 million in 2021-22

India's auto-parts industry records trade surplus of $700 million in 2021-22

Aug 23, 2022, at 09:21 pm

New Delhi: India's auto parts makers have recorded a trade surplus of $700 million in the year 2021-222, as top automobile manufacturers around the world adopt a "China Plus One" strategy to shield the supply chains from the risks involved in relying completely on a single source in the wake of Covid-19.

India records export fall in June but posts trade surplus in a decade as coronavirus hits import

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.