Propped up by vehicle, electrical equipment, and plane merchandise sectors, engineering items exports revived in Might 2024, posting a progress of seven.39 per cent (year-on-year) to $9.99 billion after a decline within the earlier month, in accordance with trade evaluation. Whereas exports elevated to the US, Turkey, Saudi Arabia, the UAE, in addition to the … Read more
India’s present account steadiness recorded a surplus within the fourth quarter (This fall) of FY24 after a spot of ten quarters at the same time as the present account deficit (CAD) for the complete monetary yr more-than-halved to a seven-year low. The nation’s present account steadiness recorded a surplus of $5.7 billion (0.6 per cent … Read more
Retained as Commerce and Business Minister within the Modi 3.0 authorities, Piyush Goyal has his process reduce out with a number of free commerce agreements (FTAs) underneath negotiations, exporters looking for help to attain the $2-trillion items and companies export goal for 2030, and Western nations, particularly the EU, developing with new environment-related restrictions such because … Read more
Basmati rice exports are off to a superb begin within the present monetary 12 months, registering a 14 per cent progress in April, sustaining the sturdy progress momentum witnessed final fiscal. Basmati exports in worth phrases stood at $534 million throughout April towards over $470 million in the identical interval a 12 months in the … Read more
Exports of marine merchandise contracted by 8.74 per cent to $7.37 billion throughout 2023-24, as a consequence of demand slowdown, in key markets of the US and Europe, in keeping with the commerce ministry knowledge. Additionally learn:Seafood exporters pin hopes on monsoon for revival of manufacturing, exports in FY25 Indian exporters, nevertheless, expressed confidence that … Read more
A deterrent for India to efficiently shift pure gasoline/ Liquefied Pure Fuel, as a favoured gasoline, has been lack of a technique to realize the goal. To make sure the gasoline networks are usually not under-utilised, and demand and provide is in sync, the Petroleum & Pure Fuel Regulatory Board (PNGRB), has constituted a committee … Read more
The RBI might think about exporters’ demand for a sub-target for export credit score throughout the present 40 per cent goal for precedence sector lending (PSL) to make sure improved credit score stream to the sector struggling a money crunch attributable to disruptions brought on by the Purple Sea disaster. Additionally learn:Export numbers mirror resilience … Read more
Indian exporters are hopeful that the US choice to impose penal tariffs on sure Chinese language imports could end in alternatives for them as they might step in to fulfill among the provide hole. This could be extra so if Beijing retaliates, and it turns right into a full-blown tariff battle. Additionally learn:India not anxious … Read more
India’s imports of products from international locations with which it has a free commerce settlement just like the UAE, South Korea and Australia grew about 38 per cent throughout 2019-24 fiscal years to $187.92 billion, in keeping with suppose tank GTRI. Additionally learn:India improves on its FTA template However, the nation’s exports to the FTA … Read more
With Australia desperate to expedite negotiations on the proposed full-fledged Complete Financial Cooperation Settlement (CECA) with India quickly after the nation’s common elections are over, the Commerce Division, is accumulating inputs from the Indian trade on non-tariff boundaries confronted within the Australian market throughout sectors to make a case for his or her removing, sources … Read more