Page 26 - Exports

Exports may reach $290 billion by end of fiscal year, says trade body

This comes as the outbound shipments were hit hard by the pandemic during the first half of the year, FIEO

Exports decline for second month in a row, trade deficit at ten-month high

Exports fell sharper at 8.7% in November from 5.1% in October, as demand remained muted in major overseas markets due to Covid-induced lockdowns

India could export Rs 8 trn worth motherboards in 2021-26: Report

India has potential to export motherboards, technically called printed circuit board assembly(PCBA), worth up to Rs 8 lakh crore between 2021-26, mobile devices industry body ICEA and EY said in a joint report. However, in the absence of government incentives and subsidies the export potential will be around Rs 29,500 crore during the five year period, the report said. India Cellular & Electronics Association (ICEA) Chairman Pankaj Mohindroo said the government is required to realise the cumulative export potential of Rs 8 lakh crore by 2026. "If support of 4-6 per cent on exports of PCBAs can be provided, by 2025-26, the cumulative PCBA export for India can be about USD 109 billion (over Rs 8 lakh crore). However, if no support is offered, the export is estimated to dwindle to USD 4 billion (around Rs 29,500 crore)," the report said. PCBA forms the base of electronic products. Mohindroo said the current size of PCBA industry in India is around Rs 2 lakh crore and it is expected

Rejecting RCEP making it tough for India to raise exports: Experts

In 2019, these 15 RCEP countries' combined imports goods were worth $4.96 trillion

Nestle India is planning to avail govt's PLI scheme to boost exports: CMD

Currently, about 5 per cent of Nestle India's sales comes from exports to its affiliate companies in regions where demand from the diaspora is high

Stimulus to help project exporters in capacity building: Exim Bank CEO

Bank has identified import-oriented sectors like capital goods, chemicals, and defence, says David Rasquinha.

Singapore October exports unexpectedly fall 3.1% y-o-y shipments drop

Singapore's October NODX unexpectedly fell 3.1% from a year earlier, coming in well below forecasts, as both electronics and non-electronics shipments dropped

September recovery proves short-lived as exports fall 5% in Oct

Covid-induced lockdowns in advanced nations hit exports, trade deficit at nine-month high

India's exports dip 5.12% in Oct; trade deficit narrows to $8.71 billion

Imports also fell 11.53 per cent to $33.6 billion (year-on-year) in October 2020

FinMin approves MEIS allocation of Rs 39,000 cr for exports during FY20

The ministry has also directed the Directorate General of Foreign Trade (DGFT) to limit issuance of MEIS scrips to Rs 16,000 crore during the current financial year

European Union announces new tariffs as countermeasures against US exports

The latest EU announcement came after the trade ministers of the 27-member bloc met online earlier on Monday

China looks to 'punish' Australia: Lobsters, wine and coal become targets

China's blacklist -- delivered verbally to commodities traders -- includes coal, barley, copper, sugar, timber, wine and lobster

IEC not required for services exporters claiming no FTP benefits: Expert

Section 28DA of the Customs Act requires an importer to possess sufficient information about origin of imports, where preferential tariff treatment has been claimed.

Three policy interventions could add billions of dollars to GDP: McKinsey

They could help key manufacturing value chains more than double their GDP contribution to $500 billion over the next seven years, says Oct 30 note

Hiking import duties won't promote manufacturing or improve exports: Report

Amid the government hiking import duties on a slew of products to help boost local manufacturing, a report on Monday pitched for lowering such levies

Healthy export demand mitigates Covid impact on specialty chemicals: Report

Even as domestic demand remains subdued, improved export demand and positive outlook for segments like agro-chemicals and surfactants have reduced Covid impact on specialty chemicals, says a report

Exporters feel pinch as sea freight to US and Europe rises by 30-40%

The development comes at a time exports from India have started picking up and merchandise exports turned positive for the first time in the last seven months, growing 5.3 per cent

Japan's September export declines at a slow pace over shipment recovery

Exports fell for their 22nd straight month, marking the longest run of declines since a 23-month run through to July 1987

Gems, jewellery exports may dip 20-25%; growth expected by FY22: GJEPC

The gems and jewellery export is expected to decline by 20-25 per cent this fiscal year compared to 2019-20 due to the disruptions caused by the Covid-19 pandemic, GJEPC said on Saturday

Exports rise for the first time in seven months, up almost 6% in September

Imports down 19.6%, trade deficit declines 77%