Jun 10, 2021 02:20 PM IST
Agr exports jumped to $41.25 billion in 2020-21, from $35.16 billion in 2019-20
- Jun 09, 2021 06:53 PM IST
The average price of a 20-ft dry container in Mundra at the end of May stood at around $1,550 compared to $1,163 in June 2020, while for Nhava Sheva in Navi Mumbai, it was at $1,700 in May against $1,075 in June 2020, market sources told Moneycontrol.
- Jun 09, 2021 12:19 PM IST
Exports of engineering, gems and jewellery and petroleum products increased by 59.7 per cent to USD 741.18 million, 96.38 per cent to USD 297.82 million and 69.53 per cent to USD 530.62 million respectively, the data showed.
- Jun 03, 2021 08:59 PM IST
Talks on the proposed Free Trade Agreements with both UK and the EU are progressing at an 'expedited pace', Commerce Secretary Anup Wadhawan has said.
- Jun 02, 2021 02:44 PM IST
The headline numbers jumped high due to a severely low base as trade had crashed during May, 2020 when the COVID-induced lockdown was in full swing. But citing a nearly 8 percent growth after comparing with May, 2019, the government has expressed confidence that exports are well on their way towards recovery.
- May 25, 2021 11:18 AM IST
India's exports are set to go up, supported by a continuous rise in commodity prices and opening of key markets in the United States and United Kingdom. But as profitability shrinks and pending refunds mount, the fortunes of the sector remain tied to how long the current wave of the pandemic continues in India.
- May 21, 2021 04:33 PM IST
Latest data from the Commerce department for FY21 shows that relatively low value commodities, including both unprocessed raw materials and processed bulk goods, managed to hold their own throughout the pandemic-ridden year. A rise in global commodity prices and unused capacity due to drop in local manufacturing meant many commodity exports even managed to grow in 2020-21.
- May 20, 2021 10:11 PM IST
Sugar mills were mandated to export 6 million tonne of sugar in the current year. So far, 5.7 million tonne of the sweetener has been contracted for export.
- May 19, 2021 02:49 PM IST
Reuters reported on Tuesday that India was unlikely to resume major exports of COVID-19 vaccines until October at the earliest as it diverts shots for domestic use, a longer-than-expected delay set to worsen a shortage of supplies coming through the COVAX global vaccine sharing scheme, designed to help low-income countries.
- May 18, 2021 12:48 PM IST
Battling the world's biggest jump in coronavirus infections, India halted vaccine exports a month ago after donating or selling more than 66 million doses. The move has left countries including Bangladesh, Nepal, Sri Lanka and many in Africa scrambling for alternate supplies.
- 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.