Page 17 - Indian Exports

India's July trade deficit widens to $31 bn on costly imports, weak rupee

July's data comes after the Centre raised import duty on gold last month to discourage buyers in the world's second-largest consumer and rein in the yawning trade deficit

Uttar Pradesh govt seeks to take embassies' help to boost exports

Among the top-selling UP products are leather goods, carpets, hand woven textiles, brassware, glassware, sports goods, etc

India pharma sector exports rises 8% to $6.26 billion in first quarter

Indian pharma exports registered a growth of eight per cent during the first quarter of the current financial year to $6.26 billion, as officials hope for a 10 per cent growth by the end of the fiscal

Is India Inc seeing the impact of a looming US recession?

Impending recession in the US is reflecting in its domestic consumption. Indian exporters are already seeing a dip in new orders, while IT sector margins are declining. Should the exporters worry?

Rupee fall fuels inflation, but makes exports competitive: Experts

Rupee depreciation has impacted the current account deficit and fuelled inflationary pressures but at the same time it has made Indian exports more competitive, according to experts.

Settling trade in rupee: FTP tweaks may allow traders export benefits

It is not clear if the changes will be part of the existing FTP or the new policy that the DGFT hopes to unveil in Sept

Extending export credit in rupee can boost its acceptability: Experts

However, the rupee can truly become internationalised only when it becomes freely convertible on capital account, they say

India's manufacturing exports may touch $1 trillion by FY28: Bain

The six sectors driving export growth will be chemicals, auto, electronics, pharmaceuticals, textiles and industrial machinery

Exports likely to record reasonable level of growth in 2022-23: Goyal

The country's exports are likely to register a "reasonable level" of growth in the current financial year despite the global uncertainties on the trade front, Minister Piyush Goyal has said

After wheat, India now curbs the export of wheat flour and related products

The Centre has made it mandatory for all exporters to seek prior permission from the inter-ministerial committee on wheat export before undertaking any outbound shipment

Indian influence in South Asia declines as China expands foothold

China's exports to the region grew over five times between 2005 and 2020

The long-term hurdles to India's export growth

No country has succeeded in becoming a merchandise export powerhouse unless its quality standards are uniformly high

Govt's move to tax fuel export will impact policy change in energy sector

The export tax on fuels and cess on domestic crude oil production are likely to add to the climate of policy uncertainty in the energy sector

The rupee's 'new lows': Why it's not necessarily a cause for concern

The framers of a 'strong currency' policy ignore that almost every country with a successful long-term record of development has pursued a 'weak currency' policy, writes T N Ninan

Govt watchful, mindful of impact of declining rupee on imports: Sitharaman

Depreciation of rupee makes India's imports costlier, while on the other hand exports become attractive.

War, US inflation impact: Export demand from big partners may taper off

Demand for items, such as steel, apparels, leather, iron ore has been lukewarm from some of India's largest export partners, such as the United States (US), European Union (EU)

FTAs with UK, EU to open new opportunities for domestic exporters: FIEO

The proposed free trade agreements (FTAs), including with the UK, European Union and GCC would open new opportunities to boost India's exports in these markets, FIEO President A Sakthivel said

UAE suspends exports and re-exports of Indian wheat for four months

UAE's economic ministry cited international developments that have affected trade flows as the reason behind the suspension

Exim Bank estimates India's merchandise exports at $117.2 bn in Q1FY23

The country's total merchandise exports are likely to be at USD 117.2 billion in the first quarter of FY23, according to India Exim Bank. The total merchandise exports stood at USD 95.5 billion in the corresponding quarter of the previous year, the bank said on Monday. Non-oil exports continue to witness a double-digit growth of 12.6 per cent, amounting to USD 93 billion, during the first quarter (April-June) of 2022-23, compared to USD 82.6 billion in the year-ago period. The rise in the country's exports could be attributed largely to the continued increase in global commodity prices, driven by supply shocks, enhanced price competitiveness owing to exchange rate movements, and benefits from possible trade diversion, as per the bank. The growth forecast may be subject to commodity price volatility and uncertainties in the global economy, mainly driven by the current geopolitical tension, it said.

Sluggish domestic and international demand may impact steel production

Steel prices were in correction mode before the government imposed the export duty, impacting about 95 per cent of the steel export basket. Post-export duty, prices fell further