Page 5 - Indian Exports

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Rajagopalan answers SME queries related to GST, export and import matters

India's engineering goods exports dip 8.6%, first fall since April 2024

The industry body said this marked the first drop in monthly shipments of engineering goods since April 2024, ending a nine-month growth streak

Seller is king in defence as exporters aim to keep India as a key buyer

In the defence market, sellers often maintain the upper hand despite the exceptionally high costs of their products

Centre finalising export schemes to shield exporters from US tariffs

Exporters are seeing the worrying trend of holding back orders due to anticipation of the fear of reciprocal tariffs by the US

Expect export growth to remain strong in coming quarters: Hinduja

Geopolitical turmoil has risen due to ongoing wars like the Russia-Ukraine conflict and the Israel-Gaza crisis, causing global instability

Before GIS, MP releases key policies including industrial and export policy

According to officials from the industry department, the government has made key changes in its policies to attract industrialists, multinational companies, and investors ahead of GIS

Chatroom: Surrender of erroneous drawback payment also attracts interest

TNC Rajagopalan answers SME queries related to GST, export and import matters

US-China trade war to benefit Indian exporters in increasing shipments

The trade war between the US and China is expected to benefit Indian exporters in increasing their shipments to the American market, sources said. They said the country was the fourth-largest gainer when the US imposed higher duties on Chinese goods during US President Donald Trump's first tenure. After coming to power again, Trump on Saturday signed an order to impose stiff tariffs on imports from China, fulfilling a campaign promise but raising the prospect of increased prices for American consumers. "India is likely to gain out of this trade war. Significant rise in exports are expected from India," a source said. Exporters have also stated that the imposition of customs duties by the US on imports from China provides huge export opportunities for India to America. The tariffs would affect exports from China to the US as they would push prices of their goods in the American market, making them less competitive. "The move can create opportunities for Indian exports due to the tr

Budget FY26: Govt to launch export promotion mission worth Rs 2,250 crore

Under this mission, the department of commerce, micro, small and medium enterprises (MSME), and the finance ministry will set export-related targets for various sectors

Exports to US rises 5.57% to $60 bn during Apr-Dec in FY25 on high demand

The country's exports rose by 5.57 per cent to USD 59.93 billion during April-December this fiscal on account of healthy demand in the American market for domestic goods, according to government data. During December, the shipments increased by 8.49 per cent to USD 7 billion, the data showed. On the other hand, imports during the first nine months of 2024-25 grew by 1.91 per cent to USD 33.4 billion, while in December it was up by 9.88 per cent to USD 3.77 billion. According to experts, going by the trend, the total trade between the two countries will continue to grow in the coming months also. The bilateral trade during April-December 2024-25 stood at USD 93.4 billion, as against USD 94.6 billion between India and China. The experts added that the possible trade war between the US and China will give huge export potential for Indian exporters. The US is the largest trading partner of India from 2021-22. The US accounts for about 18 per cent of India's total goods exports and o

Govt allows export of 1 mn tonnes sugar in ongoing 2024-25 season

The government on Monday allowed the export of 1 million tonnes of sugar in the ongoing 2024-25 season ending September. "...the Government of India has approved a 10 lakh tonne sugar export quota for 2024-25," Food Minister Pralhad Joshi said in a post on X. This ensures price stability, supports five crore farmer families and five lakh workers, and strengthens the sugar sector, he added. The Food Ministry has issued an order in this regard, allocating export quota sugar mill-wise. During the last 2023-24 season, exports were entirely restricted due to domestic supply concerns.

India targets $250 bn of engineering exports by 2030, says Commerce Secy

The government's target of USD 1 trillion export includes USD 250 billion from the engineering sector, Commerce Secretary Sunil Barthwal said here on Sunday. The government has set a target to achieve USD 1 trillion export from India by 2030. "India is known for leather, textile and traditional sectors but engineering sector in India which includes automobiles, equipment etc is almost close to 25 per cent of the total exports. Tomorrow when India is looking at USD 1 trillion of exports, USD 250 billion of exports we are expecting from the engineering industry," Barthwal said. He was addressing a conference of construction equipment manufacturers. "This is the ambition that we have taken which is based on ground reality. It is based on the fact that how the middle class is growing, the government focus on infrastructure development within the country, focus on development of ports, airports, railway modernization, broadening of roads," Barthwal said. Secretary said that Prime Minis

India asks missions in 20 nations to boost market opportunities, export

The commerce ministry has asked the commercial wings of Indian Missions of 20 countries to specifically identify market opportunities in six goods and services to promote India's exports, an official said on Thursday. Ways to increase the exports were discussed during a three-day meet, concluded on January 8, between senior officials from the ministry and commercial wings of Indian Missions. The official said the missions were asked to market opportunities in these six sectors, competitors and specific companies. The meeting was important as the commerce ministry is in the process of formulating a strategy to push exports of six key product categories, including engineering goods and electronics, to 20 focus countries, including the US, Australia, France, China, Russia, the UK, Japan, South Korea, Singapore and Indonesia. These countries, including the US and the European Union nations, account for a major chunk of India's total exports. After recording double-digit growth in Octo

Industry seeks extension of RoDTEP scheme to SEZs, EOUs till Sep-end

Currently, the RoDTEP scheme for exports from the domestic tariff area (DTA) or the domestic market is in place until September 30

Working on strategy to push growth of exports in goods, services: Goyal

The government is working on an export strategy to further accelerate the country's goods and services shipments, Commerce and Industry Minister Piyush Goyal has said. He said the ministry is working on a "very" targeted manner to take the exports to USD 2 trillion by 2030 by addressing concerns of exporters and identifying areas of India's competitive advantages and strengths. "Export of both goods and services are doing good despite global challenges... We are working on an export strategy to see how we can fast track growth of exports of both goods and services," Goyal told PTI. In 2024-25, the exports are expected to cross USD 800 billion. It was USD 778 billion in the previous fiscal year. Asked about his expectations from the forthcoming Budget for exports, the minister said Prime Minister Narendra Modi has always been "very" supportive of the exporting community. "I am sure the Prime Minister and the finance minister (Nirmala Sitharaman) will always be proactive to support

Shooting itself in the foot - again: This trade barrier hurts India more

The real problem with India's trade policy lies in a seemingly innocent administrative procedure that doesn't sound half as dangerous as tariffs

Exporters ask for Rs 750 cr to target US market amid China's tariff woes

The demand has come at a time when there is an expected policy shift in the US by President-elect Donald Trump, who wants to impose higher tariffs on Chinese goods

Trade reforms, global value chains key to India's export strategy

Export promotion requires consistent and open trade policy

India under pressure as Trump vows action on tariffs and trade deficit

Experts fear that Indian exporters might have to pay higher duties while exporting pharmaceuticals, textiles, chemicals, and engineering goods

Commerce dept plans mega global meet to boost exports in six product areas

The meet comes against the backdrop of merchandise exports hitting a 25-month low in November amid continued geopolitical tensions as well as a decline in petroleum prices