Dilip Oomen says the levy comes at a time when the world views India as a stable policy country, a manufacturing and export hub that is closely integrating with global value chains
The consequences of such confused messaging were felt in the lack of bidders for BPCL, forcing Delhi to abandon efforts to privatise the refiner
Project exports refers to setting up of engineering and construction projects overseas. It also includes the export of engineering consultancy
Commodity prices will push up trade deficit
Imports during the month under review grew 26.55% to $58.26 billion
Imports during the month under review grew by 26.55 per cent to $58.26 billion
Production too is estimated to be lower than the earlier projection of 111 million tonnes
The country meets almost 45% of India's annual palm oil demand; media reports say ban put in place to check soaring domestic prices of the commodity
India's exports increased by 37.01 per cent to USD 18.79 billion during April 1-14 on healthy growth in sectors like petroleum, gems and jewellery, according to a preliminary data of commerce ministry
Iran has seen a surge in its production and exportation of oil and gas since 2021 as the country works to revive the Iran nuclear deal
Infosys' revenue grew 22.7 per cent to Rs 32,276 crore in the quarter from Rs 26,311 crore in the year-ago period
Production in Sri Lanka of hosiery items for exports has been affected due to several hours of power cut, diesel shortage and people suffering from high prices of essential commodities
The country's wheat exports crossed 70 lakh tonnes in 2021-22 as against 21.55 lakh tonnes in 2020-21, according to the official data
Many Asian peers exporting have seen increasing overseas demand
Goyal says wheat exports in FY23 will be over 10 million tonnes
The growth was driven by higher demand for items in the petroleum, gems and jewellery, engineering products
The country's wheat exports are likely is cross 10 million tonnes during 2022-23, due to increasing demand for the commodity in world market, Commerce and Industry Minister Piyush Goyal
India's merchandise exports spurted to a record high of USD 418 billion in the 2021-22 fiscal on higher shipments of petroleum products, engineering goods, gem and jewellery and chemicals
"The total export of wheat in terms of quantity during 2021-22 (till 21st March 2022) was 70.30 LMT"
The largest cluster of man-made fibre (MMF) textiles in the country, Surat was largely domestic market-focused with over 90 per cent sales.