Hailing the country's success in achieving its goods export target, Prime Minister Narendra Modi said that this is a key milestone in India's 'Aatmanirbhar Bharat' journey
Russia, Ukraine account for around 80% of India's exports to CIS countries
Exports of certain products such as pharmaceuticals, telecom instruments, tea, coffee, and marine goods from India are likely to be affected due to the ongoing Russia-Ukraine conflict.
Trade deficit was $15.1 billion in February last year and at $17.42 billion a month ago
According to the data, gold imports in February dipped by 9.65 per cent to USD 4.8 billion
The country's merchandise exports have reached over $380 billion so far this fiscal till March 7 and are expected to reach $410 billion in 2021-22, Commerce and Industry Minister Piyush Goyal said
The country's merchandise exports are likely to be at USD 111.3 billion in the fourth quarter of the current fiscal, according to a forecast by India Exim Bank.
Instead of focusing on one over the other, India needs to view services and manufacturing as complementary, not exclusive activities
Most countries have aligned their tariffs at the six-digit level.
Bilateral trade between the two countries rose to USD 110.4 billion in 2021 against USD 77.7 billion in 2020, registering a year-on-year growth of 42.2 per cent
The country's exports rose by 23.69 per cent to 34.06 billion in January on healthy performance by engineering, petroleum and gems and jewellery segments
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