Indian Export

In transit: ₹2,250 cr mission to boost exports amid global uncertainties

Govt raises duty drawback rates for gold and silver jewellery

Indian exporters should temper euro, pound hedges as dollar faces pressure

With the dollar under pressure from tariff-driven outflows, downgraded US growth forecasts and shifting investor outlook, forex strategists are encouraging exporters to reassess their hedging strategy

India's smartphone exports gains 20% tariff edge over China: ICEA

Export of iPhones, smartphones, tablets, laptops from India to the US will be cheaper by 20 per cent compared to those shipped from China following the exemptions given by the Trump administration, industry body ICEA said on Sunday. The US government on Saturday amended its tariff order to exempt smartphones, tablets, laptops, and some other electronic devices from the new taxes. "China still has 20 per cent of iPhones, laptops, tablets, and watches. Only reciprocal tariff has been removed for China. India has zero tariff on iPhones and all smartphones, laptops and tablets exported to the US. Vietnam also has zero tariff on all Samsung and other smartphones, laptops and tablets exported to the US. So India and Vietnam are similarly placed on tariffs on these products and both enjoy a 20 per cent tariff advantage over China," ICEA Chairman Pankaj Mohindroo told PTI. India Cellular and Electronics Association represents major smartphone companies and their manufacturers, including ...

US curbs on Chinese goods open export window for Indian e-sellers: GTRI

The US tightening of low-value e-commerce shipments from China has opened up huge opportunities for Indian online exporters, as they can fill the gap if the red tape is eased and the government provides timely support, think tank GTRI said on Sunday. With over 1 lakh e-commerce sellers and USD 5 billion in current exports, India is well-positioned to fill the gap left by China particularly in customized, small-batch products like handicraft, fashion, and home goods, the Global Trade Research Initiative (GTRI) said. From May 2, Chinese and Hong Kong e-commerce shipments under USD 800 to the US will face a steep 120 per cent import duty, ending their duty-free entry. This move is expected to disrupt Chinese supply chains and open the door for other countries. Chinese firms Shein and Temu are major players in the sector. Over 1,400 million low-value packets entered the US in 2024 from the world, with China alone exporting USD 46 billion worth of such goods. "India is well-positioned t

Trump tariffs redraws export map: Where do Indian exporters win and lose?

Donald Trump' 27 per cent tariff on India may be better positioned compared to key competitors such as China, Vietnam, Bangladesh, and Indonesia. Here's how

Not 26%, but 27% tariff imposed on Indian exports by Trump administration

White House has released the order for tariffs imposed by the Trump administration on various nations

Trump reciprocal tariff: Which Indian sectors will be impacted from April 2

From auto to tech: What sectors will be most impacted by Trump reciprocal tariffs that will go into effect on April 2

Trump's 'Liberation Day' tariffs to hit all nations starting April 2

Trump confirms global rollout of 'Liberation Day' tariffs from April 2, sparking concern over trade wars; India considers lowering import duties to avoid impact

The coming tsunami of Chinese exports: India may have to follow suit

Exports have been a major driver of China's growth and prosperity. However, there is a clear disconnect between its share of global manufacturing and consumption

US-China trade war may open new opportunities for Indian exporters

China on Tuesday announced retaliation and said the country plans to impose higher tariffs on US imports

Budget 2025 export boost: Govt promises Bharat Trade Net, push domestic mfg

Launch of digital trade platform Bharat Trade Net, domestic manufacturing boost, streamlining customs screening and clearance procedures

Food, beverage, marine exports could hit $100 bn in 4-5 yrs: Piyush Goyal

There is a potential to increase exports of food, beverages and marine products to USD 100 billion in the next 4-5 years as huge demand is there for these goods in the global markets, Commerce and Industry Minister Piyush Goyal said on Friday. Interacting with the food and beverage industry players, the minister also suggested the companies focus on quality, nutrition and sustainability. "I hope to see a 3-digit mark, a USD 100 billion mark, in our food, beverages, marine products and agri exports in the next 4-5 years," Goyal said. He further said this is not an ambitious target and the industry should work together to take the exports to this level. To enhance the quality of production, the government is looking at expanding testing laboratories in the country. The interaction was held on the sidelines of the Indusfood 2025 exhibition in Greater Noida.

Best of BS Opinion: Risks and Outcomes in an Uncertain Future

Here's a quick capsule of the best of Business Standard's opinion pages today for your quick reading.

WT-ECIB scheme likely to benefit 1,000 new small exporters, says govt

The ECGC is aiming to reduce the export credit gap through the WT-ECIB scheme, which is expected to benefit about 1,000 new small exporters, in addition to the existing 8,000-odd by facilitating the availability of adequate and affordable export finance from banks for working capital, an official statement said. The commerce ministry in its 2024 year-end review said that the Export Credit Guarantee Corporation of India (ECGC) has extended the scope of its Whole Turnover Export Credit Insurance for Banks (WT-ECIB) scheme to export credit working capital limits up to Rs 80 crore with effect from July 1. "ECGC aims to improve the export credit offtake for MSME exporters and reduce the export credit gap through this scheme, which is expected to benefit around 1,000 new small exporters, in addition to around 8,000 existing exporters," it added. It also said that the India-Sri Lanka Economic and Technology Cooperation Agreement (ETCA) negotiations are ongoing with the 14th round of ...

Farmers briefly halt onion auctions at Lasalgaon APMC after dip in prices

Angry over the drop in onion prices, farmers on Thursday briefly stopped auctions at the Lasalgaon APMC, the country's largest wholesale market of the key kitchen staple in Maharashtra's Nashik district. The farmers demanded removal of the 20 per cent export duty on onions and an aid of Rs 1,000 to Rs 1,200 per quintal of the produce, the APMC officials said. Onion prices have been witnessing a decline since the last few days. However, as the prices dropped drastically at the Lasalgaon Agriculture Produce Market Committee (APMC), onion farmers stopped the auctions and registered their protest on Thursday, the officials said. Around 1,500 vehicles of onions arrived for auction at the APMC on Thursday. In the morning session, the minimum price was Rs 800 per quintal, maximum Rs 2,900 per quintal and an average Rs 1,900 per quintal, as per the officials. As the auctions began, the auctioneers announced the prices at Rs 1,200 to Rs 1,500 per quintal. Angry over it, farmers stopped t

Five more firms look for govt approval to set up e-commerce export hubs

As many as five more firms have submitted their applications to the government to set up e-commerce export hubs in the country and a decision on this is expected soon, a senior official said. Logistics aggregator Shiprocket and air cargo handling company Cargo Service Centre (CSC) have already been selected by the government on a pilot basis to set up these hubs in the country. "We have received five more applications, including from DHL and Lexship. Out of the five, we have shortlisted three. We are going to decide on these applications soon," the official said. Two of the hubs will come in and around Delhi airport and begin operations in February next year. It will have facilities for expedited customs and security clearance in-house. Provision for quality and certifying agencies will also happen within the hub. It will also have an easy re-import policy, he added. This policy will enable the return of e-commerce consignments and rejects without payment of import duty. The offi

Mobile industry calls for bigger air cargo capacity amid export surge

Mobile phone players want Indian airports to ramp up their existing cargo handling capacity to support a projected eight-fold increase in device exports to USD 180 billion by 2030, industry body ICEA said. India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo told PTI that the turnaround time at customs is a major hurdle for the electronics industry which delays shipments' processing further. "In China, while the factory to export take-off from the cargo terminal is achieved on Day 1, in India, the export take off happens only by Day 2. This is a glaring chasm especially when seen in the context of the volume of exports which in the case of China is more than 30 times electronics output (USD 959 billion) compared to India (USD 29 billion) in 2023," Mohindroo said. Electronics is already India's largest export in air cargo while it's ranked third overall behind engineering and petrol. "To keep pace with the expected growth in exports, concerted efforts are need

Collective effort required to achieve $2 trn exports target by 2030: Goyal

Commerce and Industry Minister Piyush Goyal on Monday said collective effort is required to achieve the "big" exports target of USD 2 trillion by 2030. Addressing the annual convocation of IIFT (Indian Institute of Foreign Trade) through video conference, he expressed confidence in achieving the target. "Let us partner to achieve the export target of USD 2 trillion by 2030, given that we will cross USD 800 billion this (fiscal) year. We will have to really put in a lot of effort collectively to achieve USD 2 trillion. It will not happen by chance, it will happen by choice and I am confident that we can achieve this big target," Goyal said. In 2023-24, India's exports of goods and services stood at USD 778 billion. He urged the students and faculty of the institute to contribute to studying the non-tariff barriers being faced by Indian products in other countries so that the officers can flag those. The ministry also announced that soon the IIFT will have its new campus in ...

Cutting port charges, buying vessels to help boost export ambitions: CII

The government's measures such as cutting certain port charges and purchasing additional container vessels by Shipping Corp will help boost export competitiveness, Chairman of the CII national committee on EXIM Sanjay Budhia said on Friday. He said that these initiatives will significantly benefit the Indian industry by easing export operations. "This move will reduce logistical bottlenecks, enhance cost efficiency for exporters, and improve the competitiveness of Indian goods in global markets," Budhia, who is also Managing Director of Patton Group, said. Industries will experience smoother trade flows, shorter delivery times, and lower costs, fostering growth in exports and making Indian products more attractive to international buyers, he added. The measures will also significantly improve export competitiveness by decreasing the overall costs involved in shipping goods and will help make Indian exports more competitively priced in international markets, Budhia said. "It would

India's exports shrink 9.3% in August, trade deficit at 10-month high

Inbound shipments into the country rose 3.3 per cent to $64.4 billion during the month, leading to a trade deficit of $29.65 billion