Page 23 - Indian Exports

Steps on infra, customs duty in Budget to promote mnfg, exports: Exporters

Steps announced to develop modern infrastructure and rationalisation of customs duties on different products would help in promoting domestic manufacturing and boosting exports, according to exporters

Rising Bangladesh exports hold lessons for India: Economic Survey

The Economic Survey 2021 on Friday suggested that India can take some "lessons" from Bangladesh, a strong exporting nation, and focus on specialising in products in which it is competitive. It said that Bangladesh seems poised to emerge as a dominant exporter as its outbound shipments posted an impressive compounded annual growth rate (CAGR) of 8.6 per cent during 2011-2019, compared to 0.9 per cent for India and 0.4 per cent for the world. Bangladesh's share in world exports has increased from 0.1 per cent in 2011 to 0.3 per cent in 2019. The top five export commodities (from labour intensive sectors such as textiles, apparels and footwear) account for more than 90 per cent of the total exports of Bangladesh since 2015, it said. In case of India, on the other hand, export performance is more broad-based as the top five export commodities jointly constitute around 40 per cent of total exports and these goods are capital and technology-intensive, it added. Quoting the data of ...

Delay in announcement of rates under RoDTEP to impact exports: FIEO

Apex exporters body FIEO on Friday asked the govt to announce the rates for different sectors under the tax refund scheme RoDTEP as further delay will have serious implications for future exports

Indian exports likely to lose edge on rising rupee, says RBI study

Study suggests absorbing inflows to avoid this; effective exchange rate index revamped

Budget Byte: Export needs budgetary support for overall economic growth

Strategic incentives through the Budget may help boost exports.

Indian exports show signs of revival, up 16.2% to $6.2 bn in Jan first week

Exports grew 16.22 per cent year-on-year to $6.21 billion in the first week of January, mainly driven by healthy growth in pharmaceuticals, and engineering sectors, reflecting signs of revival

Exports: A post-Covid opportunity

In order to obtain 7 per cent growth, among other things, India has to tackle the stagnation in exports and the next Budget can make a beginning

Exports slip 0.8% in December 2020; trade deficit widens to $15.71 billion

The country's exports declined marginally by 0.8 per cent to $26.89 billion in December 2020, due to contraction in sectors like petroleum, leather and marine products

Govt extends RoDTEP scheme to all merchandise exports from today

The scheme will refund to exporters, the embedded central, state and local duties and taxes

After Covid pandemic blows in 2020, India's exports may rebound in new year

After being severely hit by the COVID-19 pandemic this year, the country's exports growth is expected to rebound in 2021 on the back of recovery in economic activities and demand worldwide

India's current account surplus moderates in Q2 due to merchandise trade

Net services receipts rose both sequentially and year-on-year, primarily on the back of higher net earnings from computer services

Exports may reach $290 billion by end of fiscal year, says trade body

This comes as the outbound shipments were hit hard by the pandemic during the first half of the year, FIEO

RoDTEP rates not decided, MEIS for exports may continue till end-March 2021

Any registered user under GST who wishes to generate IRN needs to register on e-invoice system using his GSTIN

Chinese exports to India decline 13%; India's trade up 16% in 2020

China's exports to India declined by 13% in the first 11 months of the year, while Indian exports to China rose 16% in the same period

Markets for export

Target unrealistic while govt frowns on trade deals

After festive season boost, key economic indicators show declining signs

Railway freight was up last week after rail traffic resumed in the state of Punjab after a month-long shutdown due to the farmers' agitation against the new farm laws

Europe, US, and Australia top markets for Indian exporters on eBay

The US, the UK, mainland Europe and Australia are the top markets for Indian sellers that are exporting products through cross-border e-commerce on eBay's platform, a top official said

Exiting RCEP may backfire as India could lose market share to trade bloc

Modi pulled out of what's now the world's largest free-trade agreement to appease farmers and touted the exit as a victory for India's poor

PM suggests state-specific export plan; reviews projects worth Rs 1.41 trn

In the previous 32 such meetings, a total of 275 projects worth Rs 12.5 lakh crore have been reviewed, along with 47 programmes/schemes and grievances across 17 sectors that were taken up

Unrealistic to expect manufacturing to be 25% of India's GDP, even by 2030

The decision to stay out of the Regional Comprehensive Economic Partnership has the potential to become in the long term one of the Modi govt's major blunders. T N Ninan explains why