There are several reasons for the lack of uniformity, such as depreciation of other currencies, essential nature of crude imports and global fluctuations in energy prices
Indian exporters are sitting on large orders as the Russia-Ukraine conflict has sharply increased logistics costs, Union minister Nitin Gadkari said on Saturday. He said exporters are concerned over availability of containers and port-related issues. "Because of these complications, the industry is not being able to take advantage of such large exporter orders, the Union Minister for Road Transport & Highways said at a virtual session organised by the Confederation of Indian Industry-Eastern Region. According to Hellenic Shipping News, worldwide shipping costs have increased 30 per cent year-on-year. Gadkari said the country has to reduce its dependence on crude oil, which is the need of the hour for the industry, and opt for alternative fuel like green hydrogen. The minister said the Centre is in the process of setting up 35 multi-modal logistics parks (MMLP), which would help the Indian exports sector become more competitive in the international market. Gadkari said the MMLPs .
This will allow Russian importers to pay in rubles and enable Indian exporters to do so in rupees
A strong currency reflects the strength of a nation and will support exports, contrary to the general notion that a weak currency supports exports, said Piyush Goyal
Uncertainty resulting from the Russian invasion of Ukraine and over how other currencies behave among factors keeping exporter sentiment in check
While our import and export to the two warring nations have been hit adversely, there are some sectors which stand to gain
The prices of red chilli peppers are surging as output in top exporter India is set to drop by a fifth from a year ago, hit by an invasive pest attack and damage from unseasonal rain
India's exports rose by 22.36 per cent to $33.81 billion in February on account of healthy growth in sectors like engineering, petroleum and chemicals, even as the trade deficit widened to $21.19 bn
RIL chairman said technological progress will make energy affordable on the basis of commercial viability.
Russia is India's 25th largest trading partner as of 2021-22, with total trade at $9.4 billion during the first three quarters of the current fiscal.
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As many as 51 projects have been sanctioned under the Trade Infrastructure for Export Scheme (TIES) till the end of January and out of that, 13 projects are already completed, Parliament was informed
Exports of marine products jumped 35 per cent to $6.1 billion during April-December 2021 as compared with $4.5 billion in the same period of the previous year, the commerce ministry said
India's electronic goods exports registered a growth of 49 per cent at $11.0 billion in April-December 2021 compared to $7.4 billion during the same period in 2020, Ministry of Commerce & Industry has said in a statement.
Govt's high expectations from electronics exports need work
Will need mobile device players and Apple Inc vendors to meet the target
India has exported cucumber and gherkins to the tune of 1,23,846 metric tonnes with a value of $114 million during April-October (2020-21)
Exports did not witness a massive jump, despite a free trade agreement between both nations
The surge in Covid-19 cases driven by Omicron variant is not expected to disrupt the performance of units registered under the STPI scheme with proven remote working protocols already in place