Singapore is the top source of FDI in India, with 30.28% share of entire FDI equity inflow. US comes next, with 24.28% and UAE at 7.31%
The sharp jump in exports can be attributed to a low base as March 2020 saw the outbreak of Covid-19 and a subsequent nationwide lockdown
India becomes a net importer in March, trade deficit widens to $14 billion
Indian FMCG majors like ITC, Adani Wilmar & Marico, apart from MNCs like Nestle are expected to benefit
Cotton, sugar, organic chemicals, pharmaceuticals, iron and steel, and plastic are top exported items to Pakistan
Exemption from payment of IGST and compensation cess on the imports made under advance authorisations and by export oriented units has also been extended
Officials said that a delay in spelling out a fresh five-year roadmap on international trade will give policymakers more time to take decisions on crucial policies
JICA is the world's largest bilateral development agency, with India being it's most prominent partner in the world
The industry has been asked to send inputs in writing within a week to the government for further consultation
The meeting, chaired by DPIIT Secretary Guruprasad Mohapatra, will also see participation of Reliance Jio, Snapdeal, Paytm Mall, and Swiggy
'We will be almost getting back to the level of trade in goods that we did last year, possibly a 8-10% shortage. That's all,' says commerce minister at an event
The union government is currently working on 'developing districts as export hubs' to decentralise export promotion activity
Online data will be available to govt, industry; will help domestic producers analyse market potential for goods
The move is expected to facilitate investments and promote manufacturing in technology intensive sectors including semiconductors