May 02, 2021 09:45 AM IST
Imports too rose to USD 45.45 billion last month as against USD 17.09 billion in April 2020.
- Apr 23, 2021 09:29 PM IST
Agricultural and Processed Food Products Export Development Authority (APEDA) Chairman M Angamuthu said this trend of increasing exports of processed food products is likely to continue in 2021-22.
- Apr 20, 2021 04:38 PM IST
Since December 2020, the country's merchandise exports are recording positive growth. In March this year, the exports rose by 60.29 percent to $34.45 billion. However in 2020-21, the shipments dipped by 7.26 percent to $290.63 billion.
- Apr 09, 2021 09:03 PM IST
The exports had stood at around Rs 9,600 crore in 2019-20, the official of the Ministry of Commerce and Industry said.
- Mar 31, 2021 02:35 PM IST
Union Minister Piyush Goyal said that the allocation was made for the next six years and is expected to see employment generation of more than 2.5 lakh across the country and facilitate expansion of processing capacity to generate processed food output of Rs 33,494 crore.
- Mar 30, 2021 04:46 PM IST
Facing a funds crunch, and under international pressure by the WTO to realign the benefits it gives traders, the government had suspended the Merchandise Exports from India scheme (MEIS). Now, a similar scheme focusing on services exports may face the axe.
- Mar 27, 2021 08:45 AM IST
However, the minister said this was "great" considering the country has bounced back so quickly in a challenging year.
- Mar 24, 2021 03:06 PM IST
Iran's rupee reserves have reduced significantly in India's UCO and IDBI Bank, the two banks authorised to facilitate rupee trade. As a result, exports of agri-commodities like sugar, tea and rice have almost stopped because exporters are not sure of getting paid on time.
- Mar 23, 2021 07:18 PM IST
In the previous financial year of 2019-20, services exports had risen by 4 percent while merchandise exports had shrunk by 4.7 percent.
- Mar 22, 2021 06:43 PM IST
Exporters complain that lack of clarity on tax refund rates under RoDTEP, 18 months after it was announced, continues to affect their business.
- Mar 18, 2021 07:16 PM IST
Ajay Sahai takes us through the mixed bag of unprecedented challenges and sudden opportunities facing India's crucial outbound trade in the post Covid-19 era, as the pandemic slowly recedes.
- Mar 17, 2021 03:49 PM IST
The first ever portal of its kind allows exporters to make public requests for shipping containers which can be taken up by shipping lines and freight forwarders. As a result, it is expected to paint a clearer picture of where containers are needed the most and which exports are caught up.
- Mar 17, 2021 03:11 PM IST
It will focus on short-term targets and specific strategies to boost the outbound shipment of certain products in the near term. Right now, India’s share of exports continues to remain high in goods which are less traded and low in goods that are traded more in the world.
- Mar 16, 2021 02:50 PM IST
Imports during the period increased 27.77 per cent to USD 22.24 billion, leaving a trade deficit of USD 8.02 billion, the data showed.
- Mar 07, 2021 12:27 PM IST
Exports in dollar terms skyrocketed 154.9% in February compared with a year earlier, while imports gained 17.3%, the most since October 2018. The data did not include figures for January alone.
- Mar 04, 2021 06:11 PM IST
Iran's rupee reserves in India's UCO and IDBI Bank, the two lenders authorised to facilitate rupee trade, have depleted significantly and exporters are not sure whether they would be paid on time for new shipments, the dealer said.
- Mar 04, 2021 05:08 PM IST
Among Indian business leaders, 65 percent are expecting a growth in exports in 2021, a Grant Thornton report has stated.
- Mar 03, 2021 08:34 AM IST
High prices can improve realisations. India can also step up exports of food grains and reduce the inventories in the domestic market
- Mar 02, 2021 03:41 PM IST
However, inbound trade has continued to rise, pushed up by a surge in gold imports. As a result, the trade deficit also climbed up by more than 25 percent to $12.8 billion in February.
- Mar 02, 2021 03:09 PM IST
The trade deficit widened to $12.88 billion in February as compared to $10.16 billion in the year-ago period, the commerce ministry said in a statement.
- Mar 01, 2021 04:09 PM IST
Analysts and exporters say chances of exports' share of the economy improving in the upcoming fourth quarter remain slim, given the slow recovery in manufacturing, and the liquidity crunch being faced by many exporters in the current quarter.
- Feb 22, 2021 03:59 PM IST
The Commerce Department has told the Prime Minister's Office that India's exports are safely out of the COVID-19 induced global trade slump, pointing towards exports from categories other than the volatile processed petroleum, gold, diamond and jewellery, according to sources.
- Feb 19, 2021 01:46 PM IST
Keen to restart talks on the proposed India-US limited trade deal, New Delhi's first step towards rapprochement is also intended to break the ice on strategic economic issues that have gone cold over the past 4 years under former US President Donald Trump, senior sources in the know said.
- Feb 15, 2021 06:46 PM IST
Exports during April-January this fiscal dipped by 13.58 percent to $228.25 billion, while imports declined by 25.92 percent to $300.26 billion.
- Feb 12, 2021 01:48 PM IST
The exports include grant of the vaccine doses to friendly countries and commercial shipments.