Page 12 - India Exports
Exports fall 1% in August to $33 billion; trade deficit remains elevated
"Conservative" merchandise export target set at $450 billion in FY23, says commerce secretary. Department's internal target remains $470 billion
 "Exports fall 1% in August to $33 billion; trade deficit remains elevated")
Indian exports to China dip by a third in April-August to $6.8 billion
China became India's fourth largest export destination during the period, slipping from the second position during the same period a year ago
 "Indian exports to China dip by a third in April-August to $6.8 billion")
Govt working to avoid panic over rice with targeted curbs on export
India accounts for 40% of the global rice trade so any change in its export policy has huge implications for the billions of people who depend on the staple
 "Govt working to avoid panic over rice with targeted curbs on export")
Centre restricts wheat flour exports to stabilise soaring local prices
India's cabinet approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement
 "Centre restricts wheat flour exports to stabilise soaring local prices")
MeitY pushes Chinese firms to participate in smartphone exports from India
Asks them to strengthen supply chain, increase value additions
 "MeitY pushes Chinese firms to participate in smartphone exports from India")
Exports up 2.14% to $36.27 bn in July; trade deficit at record $30 bn
Imports shot up by 43.61 per cent to $66.27 billion in the month compared to July 2021, the data showed.
 "Exports up 2.14% to $36.27 bn in July; trade deficit at record $30 bn")
World's food supply faces new threat after India's rice crop falters
The threat to India's rice production comes at a time when countries are grappling with soaring food costs and rampant inflation
 "World's food supply faces new threat after India's rice crop falters")
India's non-oil exports to Nepal fell 13% to $943 mn in April-May
Himalayan neighbour bans imports of non-essentials amid depleting forex; dip could impact India's FY23 trade deficit which is already worsening on fears of recession in developed countries
Rupee at 80: Little relief on the cards from high trade deficit
Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against most currencies, including the rupee
Top headlines: FM Sitharaman at G20, hiring in India's aviation, and more
PSU giant Life Insurance Corporation of India (LIC) has released some key data points. Its embedded value (EV) for 2021-22 has worked out to be Rs 5.41 trillion
 "Top headlines: FM Sitharaman at G20, hiring in India's aviation, and more")
India's exports up 16.22% during May-June to UAE after FTA implementation
The Comprehensive Economic Partnership Agreement (CEPA) between the two countries came into force from May 1
India may face tech, logistical snags as it tries to explore CNG imports
The government's draft policy encouraging imports in compressed form over LNG ignores major technological and logistics hurdles
 "India may face tech, logistical snags as it tries to explore CNG imports")
DGFT issues RCs for 1.6 mn tonnes wheat export after May 13 ban order
The commerce ministry's arm DGFT has issued registration certificates for about 1.6 million tonne of wheat to exporters having valid letter of credit, after the ban order of May 13, an official said
 "DGFT issues RCs for 1.6 mn tonnes wheat export after May 13 ban order")
Monsoon rains cover entire India but still 5% down on average so far
The progress of the monsoon, which delivers about 70% of the country's annual rainfall, is crucial for rice output and exports from India
 "Monsoon rains cover entire India but still 5% down on average so far")
Egypt contracts to buy 180,000 tonnes of wheat from India: Aly Moselhy
India banned wheat exports in May because of lower domestic production, but made allowances for countries like Egypt with food security needs
India exported 1.8 mn tn wheat to several countries since ban: Food Secy
About 33,000 tonnes of wheat as humanitarian assistance has already been supplied to Afghanistan against the commitment of 50,000 tonne
 "India exported 1.8 mn tn wheat to several countries since ban: Food Secy")
PM Modi urges industry to set up long-term export targets, 'double efforts'
Despite disruptions in the global economy, India's goods and services exports stood at $670 billion and exceeded the $400-billion target for merchandise export alone, he said
 "PM Modi urges industry to set up long-term export targets, 'double efforts'")
Indian orthodox tea gets a boost as crisis impacts Sri Lankan trade
India - which has just stepped into the quality period for orthodox - is reaping the benefits of the anticipated shortfall
 "Indian orthodox tea gets a boost as crisis impacts Sri Lankan trade")
Top Headlines: WTO members reach deal, advance tax collection up 48% in Q1
The members of the World Trade Organization (WTO), for the first time in a decade, finalised a historic deal at 12th Ministerial Conference (MC12). Read more in our top headlines
 "Top Headlines: WTO members reach deal, advance tax collection up 48% in Q1")
Exports rise 20.55% to $38.94 bn in May; trade deficit at record $24.29 bn
India's merchandise exports in May rose by 20.55 per cent to $38.94 billion, while the trade deficit ballooned to a record $24.29 billion, according to the government data released
 "Exports rise 20.55% to $38.94 bn in May; trade deficit at record $24.29 bn")
