However, consignment values remained above the $30 billion mark despite a rise in Omicron cases across the globe
India's merchandise exports in April-December was over $301 billion, achieving three fourth of its annual exports target of $400 billion in the first nine months of FY22
Outbound shipments up 29% sequentially; Cumulatively, exports in April-Dec crossed $301 bn, achieving three fourth of annual target of $400 bn in first nine months of FY22
India is gaining share in manufacturing exports and share of global merchandise exports is now at an all-time high, Credit Suisse said in a report.
India's goal of clocking $400 bn in merchandise exports looks attainable this year. Look at the factors that are contributing to India's export growth and the risks that threaten to stall the momentum
Shipment value to reach $303.98 billion, of which non-oil exports are estimated at $258.78 billion; up 41% YoY
The current high tide in global trade offers an opportunity for India to get its exports strategy in order before growth dips again
The widening of deficit was led by a surge in import of goods ahead of the festival season and the hardening of commodity prices
Exports from India have been rising consistently over the last few quarters
Growth should moderate as merchandise trade approaches its pre-pandemic long-run trend: WTO
The trade deficit in September was at $22.94 billion as gold imports jumped nearly 750 per cent to $5.11 billion
Export-Import Bank of India (India Exim Bank) on Friday said it forecasts India's total merchandise exports to $98.45 billion for the second quarter of FY22.
The surge in some export sectors has the potential to address India's urban jobs challenge with necessary policy intervention
Engineering goods witnessed the maximum increase during the week, owing to higher demand from US and Italy
Interacting with Heads of Indian Missions abroad and stakeholders of trade and commerce virtually, Modi pointed out four factors that are very important for accelerating outward shipments from India
Modi will virtual interact with heads of Indian Missions abroad, along with various other stakeholders in the trade and commerce within the country
Some of the major export destinations for India's top-10 commodities, such as the US and parts of Europe, are expected to see strong import growth in 2021
India was a net importer, with trade deficit of $9.4 bn vs $710-mn surplus last yr
Robust demand from key markets, rally in commodity prices help bring buoyancy
India's engineering goods exports continued the uptrend and posted a 52.61 per cent increase in June 2021 over the same period last year