Jun 10, 2021 02:20 PM IST
In FY21, India expanded its agriculture footprint to newer markets even while managing to see growth across its traditional export destinations of US, China, Bangladesh, UAE, Vietnam and Saudi Arabia.
- Jun 10, 2021 02:07 PM IST
Given the fluctuations in trade, rising demand and growing scarcity of raw material, the proposed Critical Supply Forum will become significant for major users of semiconductors including India.
- Jun 07, 2021 12:00 PM IST
Under its 'India Economic Strategy to 2035’s, Australia aims to significantly expand business with India in diverse sectors such as food and grains, core minerals, and high tech equipment, Australia's senior most trade and investment commissioner in New Delhi told Moneycontrol. Raising the country's awareness of major reforms in India and the progress in ease of doing business remains the main focus right now, she said.
- 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.
- May 31, 2021 06:21 PM IST
The sector had reported a massive contraction of 47.6 percent in the first quarter. I
- May 28, 2021 12:48 PM IST
"It is likely to be around USD 21 billion when the full data for the financial year 2020-21 is available. From April 2019 to March 2020, it was USD 23 billion," the envoy was quoted as saying in a Friday weekly on Indian affairs, tabla!
- 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 12:47 PM IST
Genesis Global Trading, New York-headquartered digital asset broker, sent out a note to its counterparties before bitcoin's appreciation, saying macro funds began buying at the $35,000 level.
- May 18, 2021 09:02 AM IST
China also promised to supply 10 million vaccines to COVAX, a global vaccine distribution campaign backed by the WHO.
- May 12, 2021 04:55 PM IST
Work from home and online classes drove imports of telecom devices and computer hardware; ores, iron and steel, and organic chemicals were top exports from India
- May 11, 2021 05:44 PM IST
A hearing by the USTR on May 11, attended by respondents from Indian industry, gathered feedback on whether additional tariffs of up to 25 percent should be imposed on India’s major exports to the US such as sea food, basmati rice, diamonds and jewellery. The US move was provoked by India's decision to stick to its digital tax for foreign entities.
- May 10, 2021 02:53 PM IST
The EU wants significantly lower customs duties on various European goods, while India is seeking the status of a data-secure nation that will open up huge business opportunities in outsourcing.
- May 04, 2021 07:51 PM IST
India has agreed to remove barriers to trade, a key British complaint, and has said that a balanced and beneficial market access package will be created. The proposed FTA is a key part of the Enhanced Trade Partnership launched by both nations to galvanise business ties and investment flows.
- Apr 22, 2021 11:54 AM IST
With more restrictions and curfews being imposed across states and cities amidst rising cases, we look at how these could take a toll on small businesses and the overall economy.
- Apr 12, 2021 04:58 PM IST
Maritime piracy attacks reported worldwide surged 20 percent in 2020. We take a look at the data and explain why India and its seafarers should take these incidents of piracy seriously
- Apr 06, 2021 10:40 AM IST
Through CEPA, India is seeking to create job opportunities through easier work visas for its IT professionals while Canada, a major producer of pulses, is seeking to increase its agricultural exports to India.
- Apr 04, 2021 03:44 PM IST
India figures prominently in the 2021 National Trade Estimate Report by the United States Trade Representatives, an annual compendium of Washington DC's complaints against the trade mechanism of various economies. The fact that this comes only months after the Joe Biden administration took charge has made policymakers apprehensive.
- Apr 01, 2021 07:41 PM IST
India’s trade with Pakistan declined by almost 70 percent in 2019-20 over its previous year. The decision to import Indian sugar and cotton could help revive the ponderous bilateral trade.
- Mar 29, 2021 02:41 PM IST
Shipping analysts estimated the colossal traffic jam was holding up nearly $10 billion in trade every day.
- Mar 26, 2021 09:12 PM IST
The government, in consultation with the key stakeholders, has decided to "prioritise the movement of perishable cargo" and "honour the freight rates" as per the existing contracts.
- Mar 26, 2021 08:55 PM IST
Bangladesh is India’s biggest trade and development partner in South Asia. Over the recent years, ties between the two countries have received a major boost in terms of trade, connectivity and infrastructure development.
- Mar 24, 2021 07:42 PM IST
As consumption demand rises after a tough financial year, importers are desperate to visit China to stock up on new inventory. Their plans of transiting through a third nation to reach the Big Dragon and India's unique travel restrictions continue to hit a wall. Moneycontrol discovers the long list of hurdles impeding travel - tough vaccination rules in most countries, low availability or lack of approval for Chinese vaccines and the high cost of insurance
- 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 20, 2021 08:36 AM IST
With a low corporate profit tax rate, labour law reforms, GST, and bankruptcy law, a massive privatization programme on the anvil, and measures to de-stress the financial sector under way, the country is poised to take on to global markets in a major way, he said.