While both have seen a drop in external trade in relation to GDP, the reasons are quite different - in China it is in part a problem of success, in India it points more to failure, writes T N Ninan
Commerce and Industry Minister Piyush Goyal on Saturday said quality, technology and scale of production would help India take its annual exports to $1 trillion and not government subsidies
Commerce & Industry minister Piyush Goyal tweeted that exports stood at $27.50 billion in September 2020 against $26.02 billion in the same period last year
Bangladesh importers have been eagerly waiting for onion consignments to get cleared from Chittagong port, a day after the Indian government allowed pre-contracted onions to enter the markets
Among manufactured goods, only drugs & pharmaceuticals and plastic and linoleum have shown positive growth
Latest quarterly survey shows capacity utilization improving, but firms worried over low profits, weak domestic demands and rising inflation
India has allowed the export of onions lying on ports in transit to all countries including Bangladesh, government sources said on Friday
Proof of 35% value addition in goods from country of origin must from Monday
Worry over major exporters filing separate export benefit applications through subsidiaries to work around the cap
India's exports during the first week of September jumped 13.35% year-on-year to 6.12 billion dollars, officials data released on Thursday showed
However, export of melt blown fabric of any GSM (grams per square metre) continues to be banned
The CII asks for policies to increase the country's share in the global merchandise trade by 2025 to 5 per cent from 1.7 per cent and in services export to 7 per cent from 3.5 per ent.
Says overseas companies must stop having an 'assembly workshop' approach
While India has maintained a comfortable surplus of more than $17 billion with the United States, its largest export market, deficits have become deeper for all other nations
Exporters saw an unexpected demand surge as countries in West Asia rushed to build buffer stocks. But procedural problems could make it difficult to sustain the momentum
Exporters have for long been demanding that the DGFT portal be made more comprehensive and its online services more interactive and customer-focused
Goyal said several indicators are reflecting that the economic activities are reviving in the country
According to FIMI, iron ore exports in 2019-20 rose to 36,623.71 tonnes from 16,198.90 in 2018-19
The revenue department argued against continuing the MEIS, calling it inefficient and wasteful
Say they are being harassed by the authorities even as 1,500 who claimed bogus GST refunds are untraceable