Page 4 - Indian Exports

India must seize strategic geopolitical opening US-China face-off offers

Amid US-China trade tensions and economic vulnerabilities, India must seize the "China +1" opportunity, deepen reforms, secure FTAs, and globalise its firms for long-term growth

MSMEs contribute 40% to India's production, exports: Shobha Karandlaje

Union Minister of State for Micro, Small and Medium Enterprises Shobha Karandlaje on Friday said the MSME sector is contributing 40 per cent to the country's total production volume and exports. Speaking after inaugurating the MSME Marketing Summit organised by NSIC (National Small Industries Corporation Ltd) and KASSIA (Karnataka Small Scale Industries Association) here, the minister said that MSMEs have been addressing the needs of all sectors, including agriculture, food, defence, space, and artificial intelligence. "The role of industries in the country's development is significant, especially, MSMEs are making substantial contribution to the nation's growth," she said. In order to strengthen the sector, the government led by Prime Minister Narendra Modi started the Skill Training Division for the first time. It has been undertaking training programmes and schemes for women and youth to match the global skill standards, she was quoted as saying in an official statement. She als

Exports making Indian factories up to 25% more eco-friendly: IIM study

Exports not only boost business growth but also make Indian factories greener, a study by the Indian Institute of Management (IIM), Lucknow, has found after analysing two decades of firm-level data. Described as the first-of-its-kind, the study examined whether export orientation encourages Indian manufacturing companies to adopt greener practices. Led by Chandan Sharma, professor of Economics and Business Environment at IIM-Lucknow, it has been published in the prestigious Energy Economics (Elsevier) journal. While trade is often criticised for raising environmental pressures in developing countries, there is limited causal evidence on whether exporting firms adopt greener practices, especially in terms of energy use. By applying the Propensity Score MatchingDifference-in-Differences (PSM-DID) methodology, the researchers addressed this gap and explored several important insights. "Our research shows that exports don't just boost growth, they also make Indian factories greener. ..

Reforms to boost growth, but tariff suspense a risk, says FinMin

Finance ministry warns tariff risks could hit jobs and consumption, while GST rationalisation and reforms are seen as key to sustaining India's growth amid global uncertainties

India plans to ease foreign investment rules to boost e-commerce exports

India is set to ease foreign investment rules for e-commerce exports, allowing firms like Amazon to buy directly from Indian sellers and sell products overseas, boosting trade potential

Will support brownfield projects with 25% of ₹8.2K cr fund: Shipping secy

Financial aid, cluster development, and credit note scheme aim to modernize Indian shipyards

India's smartphone exports grow 39% in August, US shipments double: ICEA

ICEA said that in the first five months of FY26, smartphone shipments to the US reached $8.43 billion, up from $2.88 billion in the same period of FY25, nearly a three-fold increase

Tariff issue with US may be resolved in 8-10 weeks: CEA Nageswaran

CEA V Anantha Nageswaran said India and the US could resolve their tariff dispute within 8-10 weeks, as both sides hold talks and look to improve ties

India's exports grew 6.7% in August despite Donald Trump tariffs

India's exports rose 6.7% in August to $35.1 billion despite higher US tariffs, while imports contracted 10.1% to $61.6 billion, narrowing the trade deficit to $26.3 billion

US tariff: Export Promotion Mission Scheme to be placed before Cabinet soon

The inter-ministerial consultations for the Export Promotion Mission have concluded and the proposal will soon be sent to the Union Cabinet seeking its approval, sources said. The government is considering support measures worth about Rs 25,000 crore for exporters under the Export Promotion Mission, announced in the Budget, for six financial years (2025-2031), PTI had reported citing sources last month. The mission, if approved, can help insulate domestic exporters from global trade uncertainties arising from Trump tariffs. The US has imposed a hefty 50 per cent tariff on Indian goods, starting August 27. "So export promotion mission, you know, the inter-ministerial consultations have happened, and soon we will be going to cabinet. Already in the Budget, there was an announcement, and it would be a kind of a scheme which would be fungible," sources said.

Exporters, industry bodies knock on RBI's door for US tariff buffer

Exporters and industry bodies sought RBI relief including moratoriums, relaxed NPA norms, and REER settlements to counter the impact of 50 per cent tariffs by the US

Trade overtures: India should support exporters, affected businesses

With the US imposing steep tariffs on Indian exports, New Delhi must support affected firms while pursuing new markets, as trade talks with Washington remain uncertain

Centre plans support package for exporters hit by Trump's tariffs

The Ministry of Commerce and Industry has proposed measures to ease liquidity for exporters through collateral-free loans and subsidised interest rates

From exporters to bond traders, RBI facing increasing calls to step in

It's a familiar pattern: when local or global forces threaten market equilibrium, the Reserve Bank of India is typically expected to step in

India extends export obligation for chemical imports to 18 months: Govt

The government on Tuesday said extension of the export obligation period for chemical imports under the advance authorisation scheme from six to 18 months will provide much-needed relief to exporters amid concerns over steep US tariffs. "This measure extends essential support and flexibility to exporters dealing with chemicals and petrochemicals across India," the Ministry of Chemicals and Fertilisers said in a statement. The move is poised to simplify trade processes and elevate the global market edge of Indian goods. "The Export Obligation timeframe has now been extended from 6 months to 18 months, offering a substantial buffer to the industry," the statement added. Through the Advance Authorization Scheme, importers can bring in duty-free raw materials for export production without adhering to quality control orders (QCOs) for those inputs, ensuring a steady flow of export operations. A significant number of these authorizations cater to the chemical sector, emphasizing the val

Among the challenges ahead for India, trade is the biggest risk to growth

Nearly all segments of the economy supported growth in the first quarter

Heading into China's corner will dilute India's democratic dividend

With American President Donald Trump's tantrums, some in India are ready to rethink the China relationship

Will come up with measures to expand India's presence in global mkts: Goyal

The Union minister exuded confidence that the measures will ensure that India's exports in the current financial year will exceed that of last year's

Govt to soon bring various measures to boost exports: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Friday said the government will soon introduce various measures to expand the domestic outreach and global foray to boost country's exports. "I can assure each one of you that in the days ahead, the government will be coming out with a variety of measures to support every sector, both to expand the domestic outreach and look for complementarities in other markets around the world to expand our global foray so that this year, our exports will exceed last year's exports. "This year will define our self-confidence," he said here at an industry event. The government is working on support measures for exporters as the 50 per cent tariffs imposed by the US on Indian goods are expected to hurt certain labour-intensive sectors, including shrimp, leather, and footwear, as well as textiles. In 2024-25, India's goods and services exports touched an all-time high of USD 825 billion.

India should rethink Russian oil imports as US tariffs hit: Raghuram Rajan

Former RBI governor Rajan pointed out that refiners have been earning excess profits from importing Russian oil, while exporters have taken a hit due to tariffs imposed by the US