Aimed at promoting new SMEs, along with a few big projects, the policy looks to grow the current exports of roughly Rs 3,100 cr to Rs 25,000 cr in next five years
However, consignment values remained above the $30 billion mark despite a rise in Omicron cases across the globe
Imports, on the other hand, rose 28 per cent to USD 87.5 billion in 2021
Here's how to claim a refund of the excess duty paid
SEPC looks to set an export target of 300 billion for 2022-23 as it expects resumption of regular international travels and other business activities in the coming time
Outbound shipments up 29% sequentially; Cumulatively, exports in April-Dec crossed $301 bn, achieving three fourth of annual target of $400 bn in first nine months of FY22
India and South Korea set a bilateral trade target of $50 billion before 2030, as South Korea's Trade Minister Yeo Han-Koo held talks with India's Piyush Goyal in New Delhi on Tuesday
Some large segments like engineering and electronic goods are barely above 2019 levels
South Korea's exports of kimchi, a traditional spicy side dish of salted and fermented vegetables, hit an all-time high last year due to its growing popularity, data revealed on Sunday.
Recovery in key global markets and robust demand help trend, says commerce ministry data.
Export of all commodities in the segment was valued at $263 billion during the April-November period in 2021-22
Under the Served from India Scheme (SEIS), the rates for exports during 2019-20 were notified with certain ceilings and applications were allowed till the allocations lasted
The US, however, remained the top importer of Indian engineering goods
Rise in input cost, delays in shipments and payments among problems in growth, says FIEO.
Much will depend on whether the world would be able to contain COVID-19 through massive vaccination across the globe and be able to create the required vaccine manufacturing capacity
Imports too grew 42.57 per cent to $27.53 billion during the period under review, the data showed
As the Omicron variant has slowdown major ports and global supply again, shipping and air freight rates hit record highs.
Indonesia to get 5 mn Covovax doses, exports to COVAX to rise to 30 mn by Jan
Here is the best of Business Standard's opinion pieces for Friday
The widening of deficit was led by a surge in import of goods ahead of the festival season and the hardening of commodity prices