India has set up a target of 500 bn exports for the 2022-23 fiscal, a top government official said on Friday, contending that the COVID-19 pandemic has taught the country to reimagine world trade.
The country's exports grew 33.16 per cent to USD 7.63 billion during January 1-7 period on account of healthy performance by various sectors, including engineering, petroleum and gems and jewellery
Rice exporters on Tuesday sought an extension of the interest subsidy scheme, which ended last year, from the government as it will help in further boosting the outbound shipments of the commodity.
Some large segments like engineering and electronic goods are barely above 2019 levels
Export of all commodities in the segment was valued at $263 billion during the April-November period in 2021-22
After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets
Imports too grew 42.57 per cent to $27.53 billion during the period under review, the data showed
India's merchandise exports jumped 27.16 per cent to USD 30.04 billion in November on the back of good performance by sectors like petroleum products, engineering goods and electronic items
India exports about US$ 10 billion worth of goods to Bangladesh, which is about 15% of total imports of Bangladesh
The US is dropping the proposed 25 per cent additional duties on more than 25 Indian exports ranging from shrimps and basmati rice to gold jewellery and furniture
China, the Republic of Korea, and Mexico remained the top traders among developing economies, says WTO report
The government is currently finalising guidelines to export refurbished weapons to friendly foreign countries
Exports from India have been rising consistently over the last few quarters
The trade deficit in September was at $22.94 billion as gold imports jumped nearly 750 per cent to $5.11 billion
India's exports rose by 45.76 per cent to $33.28 billion in August, as against $22.83 billion in the same month last year, according to commerce ministry data released on Tuesday.
Non-oil exports will grow 28.3 per cent, says the institution as it attributes growth to low-base effect.
Last year, India set out on an ambitious campaign to increase its income from exports by $350 billion. It tasked Pawan Goenka to chalk out a plan. Watch the video for all the updates.
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As domestic manufacturing gains momentum, exports of mobile phones witnessed a 250 per cent growth in April-June, compared to the same period of the last fiscal, said the ICEA
Sector accounts for a fourth of country's total merchandise exports by value during the month; US remains top importer