Page 22 - Exports

India on track to achieve historic highs in exports: Union min Piyush Goyal

Union Minister Piyush Goyal on Sunday said India's economy was witnessing a bounce back in every sphere, and the country is well on track to achieve historical highs in goods and services exports. Goyal said India is on course to achieve USD 400 billion of merchandise exports in the current financial year ending March. "Also, on the services (exports) side, we are well on track to go up to a USD 150 billion. So, collectively we are on track for historic goods and services exports," he said. Inaugurating the India International Trade Fair (IITF) here, the commerce and industry minister said the country witnessed the "highest ever" FDI inflow of USD 27 billion in the first four months this fiscal, a 62 per cent jump over the same period last year. Asserting that the world takes India as a trusted global partner in maintaining global supply chains, Goyal said despite the lockdown, India did not default on any service support to the global community. The minister also highlighted that

Oil steady amid rosier outlook for global economy, strong fuel demand

Brent crude was down 2 cents at $83.41 a barrel by 0735 GMT, after gaining 0.8% on Monday

China Oct exports beat forecasts, offer buffer to slowing domestic economy

Outbound shipments jumped 27.1% in October from a year earlier, slower than September's 28.1% gain.

China's exports stay strong despite Covid, trade surplus tops $80 bn

China's exports remained strong in October, a positive sign for an economy trying to weather power shortages and COVID-19 outbreaks.

Is India's export growth 'sticky' enough to hit $400-bn mark this year?

It is less than necessary, an analysis of the composition of the export basket suggests

October exports up 42% to $35.47 bn, trade deficit narrows to $19.9 bn

Growth driven by engineering goods, petroleum products, gems and jewellery, and organic and inorganic chemicals

Merchandise exports rise 42.33% to $35.47 billion in October

The merchandise imports surged 62.49 per cent to $55.37 billion

Onion prices not 'extraordinarily high'; no case for banning exports: Govt

Buffer stocks are being released to cool down the prices further, Union Food Secretary Sudhanshu Pandey said

China's curbs on fertiliser exports may affect India, says report

The increased scrutiny comes as global fertilisers costs have soared to new records, spurred by energy crises in Europe and China as coal and natural gas are important feedstocks

Exports increase 40.5% to $15.13 billion during October 1-14

Imports during the period grew by 60.72 per cent to USD 14.82 billion, the data showed.

Aggressive marketing, FTAs to help exports touch $500 bn in FY22: Exporters

Exporters also suggested exploiting the potential of e-commerce for inclusive exports and increasing its base by bringing new start ups, artisans, weavers in exports.

Syringe makers urge govt not to restrict export of non-Covid size syringes

The government on Monday imposed export curbs on syringes with immediate effect

Govt imposes export curbs on syringes to discourage outbound shipments

DGFT in a notification said it has moved syringes export in restricted category, under which an exporter has to seek a licence or government permission for shipments

How prolonged closure of Sterlite plant is impacting copper exports

The prolonged closure of its controversial Thoothukudi plant has had an unintended impact on the country's exports of the industrial metal

Exports at $185 bn till Sept 21, FTP extended till next March: Piyush Goyal

Minister says DGFT will also discuss issue of high prices charged by shipping firms with the concerned govt dept

Supplies to IT/ITeS parent firms eligible for refunds, clarifies CBIC

The move comes as a major relief to several entities that were denied refunds when they were exporting services to their parent or subsidiary companies abroad

India to resume export of Covid vaccines from October: Mansukh Mandaviya

Sources say the Centre has been working to create a stockpile of vaccines for India in case a third wave strikes

Will focus on new products, markets for export diversification: FIEO

FIEO Vice Chairman Khalid Khan said that the continuous growth in exports since March will help in achieving the target of USD 400 billion for this fiscal

Exports of software services up 2.1% to $148.3 bn in 2020-21: RBI survey

Exports of software services, including services delivered by foreign affiliates of Indian companies, recorded 2.1 per cent growth during 2020-21 and stood at $148.3 billion, as per a RBI Survey

Covid-19 vax export curbs may ease in two months: Adar Poonawalla

Poonawalla said easing the export restrictions is a government of India's decision, and he will go by what the Centre feels is appropriate