Page 3 - Merchandise Exports

Dip in demand from China, Italy may have hit India's merchandise exports

India's merchandise exports contracted 3.5% to $33.6 bn in September

Uttar Pradesh's merchandise exports surge 32% to Rs 60,578 crore

The electrical machinery/equipment segment grew nearly 90 per cent with shipments jumping to Rs 13,606 crore in the April-July 2022 from Rs 7,202 crore in the year-ago period.

Current account deficit expected to reach 3.4% in Apr-June: India Ratings

India Ratings expects the current account deficit to hit a 36-quarter high of 3.4 per cent of GDP or USD 28.4 billion in the June quarter, against a 0.9 per cent surplus a year ago. In the March 2022 quarter, the deficit was a moderate 1.5 per cent or USD 13.4 billion, while in Q1FY22 the current account surplus was USD 6.6 billion or 0.9 per cent of GDP when the country was hit by the second wave of the pandemic, according to the agency. As a share of GDP, the current account deficit is expected to jump to a 36-quarter high after the 1QFY14 when it was 4.7 per cent. In absolute terms, it will be at a 38-quarter high after 3QFY13 when the deficit was USD 31.8 billion, India Ratings said in a note on Monday. Although merchandise exports touched a record high of USD 121.2 billion in Q1FY23, outward shipments are likely to slow down and come in at USD104.2 billion in Q2FY23, growing by a meagre 1.4 per cent in Q2 due to global headwinds. The International Monetary Fund in July slashed

CAD to come in at 9-year high in first quarter of FY23: Ind-Ra

Merchandise exports likely to slow down and come in at $104.2 bn in second quarter of the year

Expect $470-billion merchandise exports by year-end, says FIEO

Rupee trade mechanism with Russia to start soon, says FIEO

India's merchandise exports to rise over 11% to $114 bn in July-September

India's merchandise exports are expected to grow by 11.4 per cent to hit USD 114.4 billion during the July-September quarter of the current financial year, data from Exim Bank showed. However, the rise in exports during the second quarter of FY23 could be shadowed by softening global commodity prices. Among others, possible slowdown in major trade partners, inflationary pressures and tight monetary policies around the world could also offset the exports gain, Export-Import Bank of India (Exim Bank) said in its quarterly data. Exim Bank releases the forecast during the first weeks of June, September, December and March for the corresponding quarters. The policy banker for the government has an in-house model to generate an Export Leading Index (ELI) for the country to track and forecast the movement in India's exports on a quarterly basis. ELI gauges the outlook for country's exports. It is essentially developed as a leading indicator to forecast growth in total merchandise and othe

Amid global headwinds, Indian exporters hope to tide over slowdown

Say India is better placed even as exports decline

UP drafts 'services export' policy to attract investors, earn forex

UP is targetting to increase merchandise exports to almost Rs 3 trillion in the next three years

Merchandise exports likely to be around $470-480 bn in FY23: Commerce Secy

India's merchandise exports are likely to be around USD 470-480 billion in the current fiscal against USD 420 billion in 2021-22, Commerce Secretary BVR Subrahmanyam said on Tuesday. The secretary also said the trade deficit, which crossed USD 100 billion in the first four months of the current fiscal, will not cross the "discomfort level". Talking to reporters, Subrahmanyam said the merchandise trade during 2022-23 will be USD 470-480 billion and the services sector is likely to contribute another 280 billion. "We are pretty much on track," he said, adding the exact target for the fiscal may be announced later. India's overall exports (merchandise and services) touched an all-time high of USD 669.65 billion in April-March 2021-22, jumping by 34.50 per cent over the same period last year. On trade deficit, the secretary said it is likely to moderate in the coming months because softening of prices of oil and other commodities in the global market. "I think in totality we are not

New terms of trade

Policy establishment should build capacity

Exporters meet Piyush Goyal, flag concerns on demand from Western nations

According to preliminary data released by the commerce ministry on Tuesday, merchandise exports declined to a five-month low of $35.2 billion in July

Current account deficit likely to hit three-year high at $43.8 bn in FY22

The country's current account deficit is likely to hit a three-year high of 1.8 per cent or USD 43.81 billion in FY22, as against a surplus of 0.9 per cent or USD 23.91 billion in FY21, a report said

Exports in May up by 15.46% to $37.29 bn; trade deficit widens to $23.33 bn

Imports during the month grew by 56.14% to $60.62 billion

Exports rise 30.7% to $40.19 bn in Apr; trade deficit widens to $20.11 bn

Imports during the month of April under review grew by 30.97 per cent to USD 60.3 billion.

The $400 billion story: India's export boom mirrors neighbourhood surge

Many Asian peers exporting have seen increasing overseas demand

India exports rise to record high of $ 418-bn in FY22: Govt data

India's merchandise exports spurted to a record high of USD 418 billion in the 2021-22 fiscal on higher shipments of petroleum products, engineering goods, gem and jewellery and chemicals

India's merchandise exports likely to be at $111.3 bn in Q4 FY22: Exim

The country's merchandise exports are likely to be at USD 111.3 billion in the fourth quarter of the current fiscal, according to a forecast by India Exim Bank.

Feb exports rise 22% YoY to $33.8 bn; trade deficit widens to $21.19 bn

Remain above $30-bn mark but pace of growth slows for 2nd month in a row

Merchandise exports rise 28% YoY to $34.5 billion in January: Govt data

Merchandise exports grew 27.54 per cent year-on-year (YoY) to $34.5 billion in January as demand for Indian products remained robust.

Exports: Has white-collar success trumped India's blue-collar viability?

If India were trading in only goods, a massive deficit of about $150 bn would have forced down the rupee's value, making Indian manufactured goods cheaper in export markets, writes T N Ninan