Page 5 - Merchandise Exports

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

Why India badly needs an export boost to reverse its economic slump

Almost all the talk at present is about import substitution and raising tariffs, but a fundamental reason for India's recent slowdown has been its failure to generate export momentum, writes T N Ninan

Tipping point: India's export of services will soon exceed that of goods

As services exports succeed, the rupee will get stronger and the manufacturing sector will find it harder to compete globally, causing a shortage of domestic jobs for rural youth, writes T N Ninan

Merchandise exports to be at $330 billion in FY19: Suresh Prabhu

This will be lower than the $350-bn target set by the commerce department

Expect some vanishing of export concessions

The prospect of achieving $350 bn during the current year (FY19) look brighter but much will depend on how the commerce ministry negotiates with US govt the issue of phasing out of export subsidies

Merchandise exports must grow 27% CAGR to capture 5% world mkt: ex-advisor

Former FinMin advisor H A C Prasad says India's current share is a miniscule 1.7%, suggests policy changes to get to 5%