Page 5 - Merchandise Exports

PM steps in to launch national mission to meet $400 billion export target

Modi will virtual interact with heads of Indian Missions abroad, along with various other stakeholders in the trade and commerce within the country

Merchandise exports to grow 6.9% year-on-year in 2021-22: India Ratings

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

Exports see nearly 50% jump to $33 bn in June; trade deficit at $9.37 bn

India was a net importer, with trade deficit of $9.4 bn vs $710-mn surplus last yr

Agriculture, engineering products set to propel export growth in Q1

Robust demand from key markets, rally in commodity prices help bring buoyancy

Outlook for exports of engineering goods looks strong for rest of CY 2021

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

Exports zoom 69% to $32.27 bn in May; trade deficit rises to $6.3 bn

On a sequential basis, they grew 5.35 per cent and 8.1 per cent as compared to May 2019

Encouraging exports

Govt must take steps to sustain the rebound

Export outlook might remain robust despite second coronavirus wave

According to preliminary data released by the ministry of commerce and industry, India's merchandise exports nearly trebled in April to $30.21 billion as compared to last year

50 and beyond: How Bangladesh has fared in half a century of its history

Dhaka's justification for breaking away from West Pakistan is now self-evident. If it has done better than New Delhi in 50 years, it has completely outpaced Pakistan on every metric, writes T N Ninan

Merchandise export receivables can't be set off against service import dues

You may remit the amount against the import of services separately and ask the buyer abroad to remit the full payment against your export bill

Manufacturing might or services - what will steer India's future economy?

We must acknowledge that India cannot replicate the export orientation of the East Asian manufacturing story, or even Bangladesh. The services story will have to compensate for this, writes T N Ninan

India's current account to register surplus of $30 bn in FY21: Report

The deficit stood at $24.6 billion or 0.9 per cent of GDP in FY20

Govt to clamp down on large firms dodging Rs 2 cr cap on MEIS claims

Worry over major exporters filing separate export benefit applications through subsidiaries to work around the cap

Govt favours diverting MEIS funds to PLI schemes in select sectors

The revenue department argued against continuing the MEIS, calling it inefficient and wasteful

India a small net exporter after 18 yrs even as merchandise shipments dip

Country may see current account surplus for the second quarter in a row in Q1 of FY21

Covid-19 crisis: Indian economy's road to recovery still has long way to go

Agriculture was expected to be the only silver lining in the economy in the current financial year

Govt extends foreign trade policy, other export benefits for one year

Currently, tax benefits are provided under the Merchandise Export from India Scheme for goods and the Services Export from India Scheme).

Govt to retain exports scheme till March after WTO asked for its scrapping

The government had decided to discontinue MEIS--its largest export promotion scheme--after the WTO said it distorted trade.

Merchandise and services exports rose 8% to $538 bn in 2018-19: Goyal

The country's overall exports of merchandise and services rose to $538.07 billion in 2018-19 from $498.63 billion in 2017-18, up 7.90%

Trade deficit narrows to $11.01 billion in October on lower oil imports

Oil imports fell 31.74 per cent to $9.63 billion in October from $14.11 billion in the year-ago period