Principle commodities mark positive export growth, but overall exports shrink
Global headwinds and recessionary trends in India’s biggest export destinations have led to the sequential fall in Indian merchandise exports.
Global headwinds and recessionary trends in India’s biggest export destinations have led to the sequential fall in Indian merchandise exports.
The present exports' figures from Rajasthan were calculated at Rs 77,771 crore in the year 2022-23 as against Rs 46,476 crore in the year 2017-18.
Buoyed by friendly government policies and production-linked incentive (PLI) scheme, India is set to cross Rs 1,20,000 crore in mobile exports in the current fiscal year (FY24), driven by tech giant Apple, the top electronics industry body told IANS on Tuesday.
US crude oil imports decreased while exports increased during the week ending March 10, the US Energy Information Administration (EIA) said in a report.
Union Minister Piyush Goyal has said that India's overall export figure for last year had already crossed in the month of February and expressed confidence that merchandise and services exports would touch USD 750 billion in 2022-23 (April-March).
In an interview with The Yomiuri Shimbun, Wang, who oversees Taiwan’s semiconductor policies, said supplies would be disrupted if a contingency were to occur in the Taiwan Strait, and China would suffer severe economic impacts.
Country’s automobile market in China expects to see June sales up more than 34 percent from May China’s auto market…
The merchandise exports in May 2022 were $38.94 Billion as compared to $32.30 Billion in May 2021, exhibiting a positive growth of 20.55 per cent. The estimated value of services export for May 2022 is $23.28 Billion, exhibiting a positive growth of 30.32 per cent vis-a-vis May 2021 ($17.86 Billion).
As per an order issued by the Directorate General of Foreign Trade (DGFT), with effect from 1 June 2022 till 31 October 2022, or till further order, the export of sugar will be allowed with specific permission of the Directorate of Sugar, Department of Food & Public Distribution.
The surge in chemical exports has been achieved because of sustained efforts on the part of the Department of Commerce, Indian Member Exporters.
