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  • Exports jump to $30.21 billion in April; trade deficit at $15.24 billion May 02, 2021 09:45 AM IST

    Exports jump to $30.21 billion in April; trade deficit at $15.24 billion

    Imports too rose to USD 45.45 billion last month as against USD 17.09 billion in April 2020.

  • Processed food products exports up 26.51% during April-February 2020-21: Govt data Apr 23, 2021 09:29 PM IST

    Processed food products exports up 26.51% during April-February 2020-21: Govt data

    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.

  • Exports reviving, may be in positive territory in FY22: Commerce Secretary Apr 20, 2021 04:38 PM IST

    Exports reviving, may be in positive territory in FY22: Commerce Secretary

    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.

  • Exports from Indore SEZ jump 24.5% to Rs 11,944 crore in 2020-21 Apr 09, 2021 09:03 PM IST

    Exports from Indore SEZ jump 24.5% to Rs 11,944 crore in 2020-21

    The exports had stood at around Rs 9,600 crore in 2019-20, the official of the Ministry of Commerce and Industry said.

  • Centre extends PLI scheme to food processing sector, announces Rs 10,900 crore worth of benefits Mar 31, 2021 02:35 PM IST

    Centre extends PLI scheme to food processing sector, announces Rs 10,900 crore worth of benefits

    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.

  • Exclusive | Lack of funds may end government incentives for services exports Mar 30, 2021 04:46 PM IST

    Exclusive | Lack of funds may end government incentives for services exports

    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.

  • India's goods exports to stand at $290 billion in FY21, says Piyush Goyal Mar 27, 2021 08:45 AM IST

    India's goods exports to stand at $290 billion in FY21, says Piyush Goyal

    However, the minister said this was "great" considering the country has bounced back so quickly in a challenging year.

  • Govt hopeful of resolving Iran's currency issue by next month; export to resume soon Mar 24, 2021 03:06 PM IST

    Govt hopeful of resolving Iran's currency issue by next month; export to resume soon

    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.

  • India's merchandise and services exports may dip by 10% in FY21 : Commerce Minister Mar 23, 2021 07:18 PM IST

    India's merchandise and services exports may dip by 10% in FY21 : Commerce Minister

    In the previous financial year of 2019-20, services exports had risen by 4 percent while merchandise exports had shrunk by 4.7 percent.

  • 'Teething troubles' prevent govt from announcing tax refund rates for RoDTEP scheme, says commerce secretary Mar 22, 2021 06:43 PM IST

    'Teething troubles' prevent govt from announcing tax refund rates for RoDTEP scheme, says commerce secretary

    Exporters complain that lack of clarity on tax refund rates under RoDTEP, 18 months after it was announced, continues to affect their business.

  • Macro Minutes Podcast | Supply side challenges holding back export growth : FIEO Director General Ajay Sahai Mar 18, 2021 07:16 PM IST

    Macro Minutes Podcast | Supply side challenges holding back export growth : FIEO Director General Ajay Sahai

    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.

  • EXCLUSIVE | FIEO launches online portal for exporters to request elusive shipping containers Mar 17, 2021 03:49 PM IST

    EXCLUSIVE | FIEO launches online portal for exporters to request elusive shipping containers

    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.

  • EXCLUSIVE | Sectoral action plan for exports currently in the works Mar 17, 2021 03:11 PM IST

    EXCLUSIVE | Sectoral action plan for exports currently in the works

    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.

  • India's exports during March 1-14 up 17% at $14 billion Mar 16, 2021 02:50 PM IST

    India's exports during March 1-14 up 17% at $14 billion

    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.

  • China February exports post record surge from COVID-19-depressed 2020 levels Mar 07, 2021 12:27 PM IST

    China February exports post record surge from COVID-19-depressed 2020 levels

    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.

  • Indian merchants almost halt exports to Iran as its rupee reserves fall: Report Mar 04, 2021 06:11 PM IST

    Indian merchants almost halt exports to Iran as its rupee reserves fall: Report

    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.

  • 71% of India Inc optimistic about economic recovery in 2021, higher than global average Mar 04, 2021 05:08 PM IST

    71% of India Inc optimistic about economic recovery in 2021, higher than global average

    Among Indian business leaders, 65 percent are expecting a growth in exports in 2021, a Grant Thornton report has stated.

  • Rising global food prices have a silver lining for India Mar 03, 2021 08:34 AM IST

    Rising global food prices have a silver lining for India

    High prices can improve realisations. India can also step up exports of food grains and reduce the inventories in the domestic market

  • Exports drop 0.25% in February after rising for two months, preliminary data show Mar 02, 2021 03:41 PM IST

    Exports drop 0.25% in February after rising for two months, preliminary data show

    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.

  • India's exports dip 0.25% to $27.67 billion in February, trade deficit widens to $12.88 billion Mar 02, 2021 03:09 PM IST

    India's exports dip 0.25% to $27.67 billion in February, trade deficit widens to $12.88 billion

    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.

  • Exports share of GDP reached its lowest in Q3 as sector waits for manufacturing to fully fire up Mar 01, 2021 04:09 PM IST

    Exports share of GDP reached its lowest in Q3 as sector waits for manufacturing to fully fire up

    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.

  • Exclusive | Government feels worst is over for India's exports as non-oil, non-jewellery shipments rise steadily Feb 22, 2021 03:59 PM IST

    Exclusive | Government feels worst is over for India's exports as non-oil, non-jewellery shipments rise steadily

    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.

  • Exclusive | India reaches out to Biden administration, asks US to restart key annual dialogue Feb 19, 2021 01:46 PM IST

    Exclusive | India reaches out to Biden administration, asks US to restart key annual dialogue

    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.

  • India's exports up 6.16% in January, trade deficit narrows to $14.54 billion Feb 15, 2021 06:46 PM IST

    India's exports up 6.16% in January, trade deficit narrows to $14.54 billion

    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.

  • India exported COVID-19 vaccines worth about Rs 338 crore so far: Piyush Goyal Feb 12, 2021 01:48 PM IST

    India exported COVID-19 vaccines worth about Rs 338 crore so far: Piyush Goyal

    The exports include grant of the vaccine doses to friendly countries and commercial shipments.

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