Page 19 - India Exports
New MSME definition to benefit downstream textiles, boost exports: experts
Several exporters can now be classified as MSMEs and avail 5% rebate under interest equalisation scheme
 "New MSME definition to benefit downstream textiles, boost exports: experts")
Covid-19 impact: Exports dip 60% in Apr, iron ore, pharma only bright spots
Apart from exports, imports too, tumbled 58.7% in April, with all major import products seeing a contraction.
 "Covid-19 impact: Exports dip 60% in Apr, iron ore, pharma only bright spots")
India's account surplus to touch $20 bn in FY21 due to Covid-19: Barclays
The country has been perennially struggling with huge current account deficits.
 "India's account surplus to touch $20 bn in FY21 due to Covid-19: Barclays")
Exports fall at fastest pace in 25 years in March amid Covid-19 outbreak
According to data released by the commerce and industry ministry, exports stood at just $21.4 billion in March, as massive broad-based decline plagued all major foreign exchange earning sectors.
 "Exports fall at fastest pace in 25 years in March amid Covid-19 outbreak")
India's exports fall almost 35% in March, drop 4.78% in FY20
Trade deficit narrowed to $9.76 billion in march this year from $11 billion in the same month last year.
 "India's exports fall almost 35% in March, drop 4.78% in FY20")
India to export 90,000 tonnes of surplus wheat to Afghanistan, Lebanon
. According to the second government estimate, the country is set to harvest a record wheat production of 106.21 million tonne in the 2019-20 crop year on the back of good rains
 "India to export 90,000 tonnes of surplus wheat to Afghanistan, Lebanon")
Manufacturing PMI at 4-month low over record dip in new export orders
The Nikkei India Manufacturing Purchasing Managers' Index (PMI) stood at 51.8 in March, after February's 54.5 - much below the eight-year high of 55.3 in January.
 "Manufacturing PMI at 4-month low over record dip in new export orders")
India not obliged to accept WTO panel's report on export schemes: Govt
India is involved in 15 disputes at the WTO, mostly against the US: Minister tells Parliament.
 "India not obliged to accept WTO panel's report on export schemes: Govt")
Why India's present slump is a more serious issue than earlier slowdowns
What is unusual about the current period of slow growth is that it has come without an exogenous driver, unlike all previous periods of slowdown, going back 50 years, writes T N Ninan
India's rice export prices edge up to 4-month high on strong African demand
India's 5 percent broken parboiled variety was quoted around $370-$375 per tonne this week, the highest since the last week of September
 "India's rice export prices edge up to 4-month high on strong African demand")
NIRVIK scheme to provide high insurance cover for exporters: Sitharaman
The ministry has also proposed to subsidise the premium under the scheme that has to be paid by exporters of certain key sectors
India must focus on network products to export like China: Economic Survey
Among the major Asian countries, India and Indonesia are the only ones with a trade deficit in such products
 "India must focus on network products to export like China: Economic Survey")
Coronavirus: Spurt in fertiliser import costs seen due to plant closure
Exporters not to worried for now, say concerns may kick in only if virus spread isn't controlled; leather sector stand to gain.
 "Coronavirus: Spurt in fertiliser import costs seen due to plant closure")
India's exports dip for fifth straight month in Dec, trade deficit narrows
India's trade deficit stood at $14.49 billion in December 2018
India's services PMI rises to a five-month high in Dec on buoyant demand
The widely tracked Nikkei India Services Purchasing Managers Index (PMI) stood at 53.3 in December, up from 52.7 in November
 "India's services PMI rises to a five-month high in Dec on buoyant demand")
India's exports fall for 4th straight month, imports for 6th, in November
Key export sectors such as leather, gems and jewellery, ready-made garments, and petroleum posted negative growth
 "India's exports fall for 4th straight month, imports for 6th, in November")
Economy: This is as good as it gets
Structural reforms are much less about privatisation, land, and labour, and more about expanding the scope of private enterprises and allowing them to be more competitive and productive
 "Economy: This is as good as it gets")
India's economic growth to weaken in second half of FY20, says DBS Bank
New project announcements remain at a multi-year low, while production was depressed by weak consumer durables, non-durables, intermediate and capital goods, the bank pointed out.
 "India's economic growth to weaken in second half of FY20, says DBS Bank")
Xiaomi seeks incentives to boost exports, clarity on proposed tax rules
Xiaomi India COO Muralikrishnan B also pointed out that if the Indian government can also get neighbouring countries to accept BIS standards, it would help push exports from India
 "Xiaomi seeks incentives to boost exports, clarity on proposed tax rules")
Exports shrink for 3rd straight month; down 1.1% in Oct; imports fall 16.3%
Merchandise trade deficit remained relatively low at $11 billion after the $10.86-billion deficit in September
 "Exports shrink for 3rd straight month; down 1.1% in Oct; imports fall 16.3%")
