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
India has to engage with the rest of the world; will otherwise be shut from global markets
Exports during April-July 2021 were $130.56 billion, up by 73.86% over the same period a year ago and up by 21.85% over the same period of 2019
Firms in India have much to gain by prioritising the export sector, either directly by exporting or by selling to exporting firms
The merchandise exports grew 47 per cent YoY to $32.46 billion in June, driven by a robust demand of engineering goods, petroleum products, and gems and jewellery in the external markets.
"Exports during the April-June period are the highest ever merchandise exports in a quarter in history of India," Commerce and Industry Minister Piysuh Goyal said
Continuing a positive growth, India's exports grew by 80 per cent to USD 7.04 billion during the first week of this month, according to preliminary data of the commerce ministry.
Most of the damage was done in the first six months of the last fiscal when lockdowns and supply chain disruption hurt exports.
Covid-19 continues to pose the greatest threat to trade outlook, as new waves of infection could easily undermine any hoped-for recovery, said the WTO
SII partner AstraZeneca has already issued it a legal notice over delays to other shipments, even as many Indian states have complained of a shortage facing priority recipients.