India's trade deficit with China is on a downward trajectory, and hit a 5-year low in FY20 due to lower imports and higher exports, but trade deficit with Hong Kong continues to rise.
The first of a three-part series looks at how India's high-value power equipment exports to China have been hit by bureaucratic hurdles
Export, import, private investment, domestic demand, direct tax revenue, and indirect tax collection all show a declining trend
The executives stressed on the need for Indian manufacturing to become globally competitive and join global value chain as the key ingredients for becoming a $5-trillion economy
In his I-Day speech, the Prime Minister suggested that farmers should be exporters and that each of our districts must become an export hub for its specialty
He added that challenges in sectors like agriculture, transportation, energy, logistics and industrial automation also present opportunities for developing solutions.
Senior officials said the lack of data had also hampered the government's push to administer the 12 Champion Services Sectors initiative
Advisory report on trade promotion misses the mark
India's gem and jewellery exports fell 11.2 per cent to $2.7 billion in July compared to a year ago
Lower exports reflect structural weaknesses
Second such fall in the past year; govt blames global trade conditions
The report said sectors like aerospace and defence, agriculture, education and tourism, energy, healthcare, infrastructure, manufacturing and digitalisation are major areas for India-US collaboration