For Q3 as a whole, it sees outbound shipment declining by 1.77%
Japan's exports fell in November, dashing expectations for an end to the two-year run of declines, largely due to weaker US- and China-bound shipments and suggesting a slower pace of recovery
The Board of Trade, under the Department of Commerce, comprises senior officials of key ministries, representatives of states and industry and trade promotion bodies
Exports had recovered 5 per cent in September after months of contraction.
Showing signs of improvement, the country's exports grew 22.47% year-on-year to 6.75 billion in the first week of November, driven by healthy growth in pharmaceuticals, gems and jewellery sectors
Decline in imports indicates weak demand; recovery may be uneven
The government has raised import duties on several items and restricted import of many items subjecting them to import licensing
Provided that the terms and conditions stipulated in Foreign Exchange Management Regulations, 2000, for promoting or setting up such company or subsidiary are continued to be complied with
Bengaluru airport shows positive growth. Delhi and Hyderabad airports handle over 90 per cent of September 2019 volume
He said this is an indicator of the "rapid recovery" of the Indian economy as it surpasses pre-COVID-19 levels across parameters
The government wants to make India a self-reliant country in these segments, boost exports and become a global supplier
The fall in cargo at 12 major ports - administered by the central government - was 10 per cent in August compared to the same month in 2019
Finance ministry sources said misuse of the FTA route has been on the rise for the last few years to escape customs duty on imports
'Third party' means any party who is not the buyer or the seller, but whose name is required to be mentioned in the shipping bill
He added that the trade deficit is reducing drastically and India's share in the global trade is improving due to resilient supply chains
The Minister said China's 70 per cent of exports pertained to ten sectors and asked industry players to research on various sectors
Says overseas companies must stop having an 'assembly workshop' approach
The government aims to attract foreign investments in pre-identified areas, promote joint ventures and support local businesses to expand India's share of global markets
Non-gems & jewellery, petroleum exports also rose, picking up significantly towards month-end
Exporters associations say orders are coming but there is a problem in boosting production as workers stay away in coronavirus pandemic