With more than 238,000 of the 570,000 units exported from India in fiscal 2022, Maruti Suzuki overtook Hyundai Motor India as the foremost passenger vehicle exporter
In comparison, India's overall non-petroleum exports grew 8 per cent during May-July while overall exports grew 15.1 per cent during the same period
The central government is planning to make GST e-invoicing mandatory for companies with a turnover of Rs 5 crore and above, a government official said. Read more on this in our top headlines
Goyal said that India is now an international aligned economy and the world is our market today, not India
Goyal said the Indian textile Industry has the potential to achieve $100 billion in exports by 2030
Exporters can claim pending refunds under the Merchandise Exports from India Scheme (MEIS), RoSCTL (Rebate of State and Central Levies and Taxes) scheme and Rebate of State Levies (RoSL) scheme
The crisis is expected to increase prices of mineral fuels and oils, gems and jewellery, edible oils and fertilisers
Merchandise trade deficit remained relatively low at $11 billion after the $10.86-billion deficit in September
"This is a resounding victory for the United States," Robert Lighthizer said in a statement.
India's exports contracted by 6.57 per cent to USD 26 billion in September mainly due to significant dip in shipments from key sectors such as petroleum, engineering, leather, chemicals, and gems & jewellery. Imports too declined by 13.85 per cent to USD 36.89 billion, narrowing trade deficit to USD 10.86 billion in September, according to official data released on Tuesday. Trade deficit in September last year stood at USD 14.95 billion. Out of 30 key export sectors, as many as 22 showed negative growth in September. Shipments of gems and jewellery, engineering goods, and petroleum products contracted by 5.56 per cent, 6.2 per cent and 18.6 per cent, respectively. In September, oil imports declined by 18.33 per cent to USD 8.98 billion, and non-oil imports fell by 12.3 per cent to USD 27.91 billion. Cumulatively, during April-September 2019, exports were down 2.39 per cent to USD 159.57 billion while imports contracted by 7 per cent to USD 243.28 billion. Gold imports plunged ..
The minister asked exporters and importers to flag issues regarding availability of land, labour, common effluent treatment plants
India's overall export share in total global imports of $17,958 billion stands at a mere 1.65 per cent