Page 10 - Indian Export

Weak local currencies rein in India, Thai export rates

India's 5% broken parboiled variety was quoted at $367 to $370 per tonne, down from last week's $371 to $378, edging lower on a depreciation in the rupee amid steady demand from key buyers

India's merchandise export set to cross $400 bn in current fiscal: Goyal

Commerce and Industry Minister Piyush Goyal has said India's merchandise exports have reached almost USD 390 billion as of March 14 and will cross USD 400 billion in the current financial year. He also said the auto components industry has, for the first time, recorded a trade surplus of USD 600 million. The minister urged automakers to buy local products and substitute imports. He said this while addressing an event of the automotive component sector on March 16 here. Goyal pointed out that India could no longer afford to be closed and protective but will have to open up domestic markets. Further, he asked the auto industry to invest more in R&D (research and development), especially e-mobility, set higher benchmarks for performance and aspire to take five Indian companies in top-50 global automotive suppliers club. "India's merchandise exports have reached almost USD 390 billion as of March 14 and will certainly cross USD 400 billion in the current fiscal," the commerce ministr

Exports of some products from India likely to be affected, says govt

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.

Govt considering relief for exporters hit by Ukraine crisis: Report

A govt official, who declined to be named, said Indian exporters are owed about $500 mn from Russia and the govt may guarantee banks' letters of credit or loans to help ease the crunch

Millets export from India to increase exponentially in coming years: Govt

India is the fifth largest exporter of millets in the world, according to 2020 data, with exports continuously increasing at around 3 per cent CAGR in the last five years ending with 2020

What is the road ahead for Indian exports; will momentum continue?

India's goal of clocking $400 bn in merchandise exports looks attainable this year. Look at the factors that are contributing to India's export growth and the risks that threaten to stall the momentum

TMS, Ep68 - Market crash, exports, EV batteries, Minimum Support Price

What are the strategies to ride market uncertainty? What is the road ahead for Indian exports? Will battery swapping catapult EVs into the mainstream? What is Minimum Support Price? All answers here

SME Chatroom: Duty drawback permitted on FOB value without bank charges

Agency commission and foreign bank charges, separately or jointly, exceeding this limit should be deducted from the FOB value for granting duty drawback, the CBIC says

India keeps global rice prices in check with record exports

The world's biggest rice exporter is heading for record shipments this year that will help to keep rising food prices in check, according to the United Nations' Food and Agriculture Organization.

India has not imposed any export ban on Covid-19 vaccines, says MEA

The 'Vaccine Maitree' initiative has been extremely successful and very well liked by our partners across the world

India's exports jump 58% to hit all-time high of $34 billion in March

India becomes a net importer in March, trade deficit widens to $14 billion

India's recession exit gains momentum on services, manufacturing

Official data on Friday is likely to show that India exited a recession in the final three months of 2020, with economists in a Bloomberg survey forecasting a GDP expansion of 0.5% from a year ago

Factory reset: Okhla MSMEs limp back, garment units still ailing

Export logistics are troubling many industries. While some are facing container shortages, others are looking at increased freight costs in key markets

Exports continue to register positive growth, up 10.3% during February 1-8

The rise was helped by strong performance by key sectors such as engineering and chemicals

Notifications on GST exemptions puzzle exporters

On January 23, 2018, the exporters were barred from exporting on payment of IGST under refund claim if the supplier to the AA holder availed IGST exemption on his imports under his AA.

Best of BS Opinion: UK Covid-19 vaccine, better corporate results and more

Business Standard brings you top Opinion pieces of the day

RCEP with China, minus India: Is the trade deal a threat or opportunity?

In this podcast, Business Standard's Subhomoy Bhattacharjee explains what is RCEP, how will it benefit member nations, why did India pull out of RCEP and more

Iran runs out of dollars, India's basmati rice exports may fall 20%

Islamic Republic ordered nearly 30 per cent of India's basmati rice exports in financial year 2019-20, buying 1.3 million tonnes

Govt puts Rs 2 crore cap on exports promotion scheme, sparks protests

Exporters fume as notification by Commerce Department confirms January 1, 2021 as end date for scheme

Gujarat tops Niti Aayog's Export Preparedness Index, Maharashtra second

Gujarat has topped the Niti Aayog'sExport Preparedness Index 2020 followed by Maharashtra and Tamil Nadu, according to the government think tank's report released on Wednesday.