Tag: Exports
17 Results
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Opinion: India losing comparative advantage in leading export sectors
In a massive relief to Indian exporters, the government announced liberal incentives of Rs 8,450 crore ($1.3 billion) in its mid-term review of the five-year foreign trade policy (FTP) that was rolled out in 2015 and aimed at increasing the export of goods and services to $900 billion by 2020. Exports, meanwhile, declined from $468 …
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December 8, 2017 -
Indian exports dip in October at $23 bn, trade deficit up
Reversing a 13-month upward trend, Indian exports in October declined year-on-year by 1.12 per cent to $23 billion due to a drop in shipments of textiles, pharmaceuticals, leather goods and gems and jewellery, according to official data released on Tuesday. Exports in September had risen over 25 per cent to a six-month high of $28.61 …
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November 14, 2017 -
Indian middle class has economic potential: US official
India’s middle class offers major opportunities for US exports, a senior American diplomat has said, highlighting the extraordinary economic potential of the Indian market. Acting Assistant Secretary of State for South and Central Asia Alice Wells said rising standards of living in India will drive demand for US products, services and energy in the country. …
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September 13, 2017 -
Commerce Ministry in consultations with states to promote exports
A team of officers, led by the commerce secretary, is holding detailed consultations with states to clear the bottlenecks that are hampering exports, an official has said. “So far, we have done this exercise with 14 states. It is an ongoing exercise to involve states in promoting the country's exports,” the commerce ministry official said. …
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July 25, 2017 -
Chinese exports, imports beat expectations in June
Growth in Chinese exports and imports outstripped expectations in June, data showed on Thursday, fuelling hopes of stability in the world's second-largest economy. Exports rose 11.3 per cent from a year ago to $196.59 billion, the customs administration said, topping a Bloomberg News forecast of 8.9 per cent. Imports were up 17.2 per cent year-on-year …
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July 13, 2017 -
Global survey finds planned exports hitting 18-month high
Planned exports activity has hit an 18-month high globally, and India is among the countries expecting an increase in exports going forward, says a Grant Thornton report. Countries with the greatest increases in planned exports in January-March quarter were Germany (up 13 percentage points to 35 per cent from 22 per cent), Greece (up from …
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June 26, 2017 -
Exporters to get tax refund under GST within 7 days: Nirmala
Commerce Minister Nirmala Sitharaman on 20 May assured exporters that they would get their refund tax claims within seven days under the new goods and services tax (GST) regime. She also said that the GST Council has been fairly seized of the tax refund issue under the new indirect tax regime, to be rolled out …
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May 21, 2017 -
India’s April exports up by 20 per cent
India's exports revival continued for the eighth successive month, recording 19.77 per cent growth during April 2017, official data showed on Monday. According to data released by the Ministry of Commerce and Industry, exports grew by 19.77 per cent to $24.63 billion from $20.56 billion worth of merchandise shipped out during April 2016. "In continuation …
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May 15, 2017 -
After US, Iran, India now eyes Japan, S Korea for mango exports
After scoring success with the US, Australia and Iran, India is now eyeing the untapped Japanese and South Korean markets for exporting mangoes, a top official has said. "Basically, mangoes from Thailand are mostly consumed in the (Far Eastern) region, including China. We have found that they do not like fibrous mango. So, we have …
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April 28, 2017 -
Mango exports may touch 50k tonne mark in FY18
India's mango exports are likely to surpass last year's level and touch 50,000 tonne mark in the ongoing fiscal, buoyed by strong demand and supply of export quality fruit, government body APEDA said on Thursday. The country had shipped 45,730 tonnes of mangoes. The export figures pertain to shipments undertaken by exporters registered with APEDA. …
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April 20, 2017 -
Having a good look at proposed FTA with India: Australia
Australia has said that it was having a "good look" at the situation with respect to the long-pending Free Trade Agreement (FTA) with India, days after Prime Minister Malcolm Turnbull's visit to the country. The FTA issue emerged prominently during the first official visit of Turnbull to India where he met his counterpart Narendra Modi. …
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April 18, 2017 -
Indian cars flood Vietnam market
Việt Nam imported nearly 4,800 Indian cars in the first quarter of this year, increasing more than threefold compared with the same period last year, according to the Vietnam Customs. The average costs, insurance and freight (CIF) price were reported at nearly $3,800 each, which does not include taxes and fees, the report said. This …
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April 17, 2017 -
Pakistani exports to India grow despite border tensions
Despite mounting tension along the border, the trade between Pakistan and India has remained intact since the beginning of the current fiscal year, a media report said on Friday. A report by the State Bank of Pakistan (SBP) revealed that Pakistan grew its exports to India during the first eight months of 2016-17 while curtailing …
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April 14, 2017 -
Steel exports surge 102% in FY 17, imports fall 36.6%
Overtaking imports, India's steel exports jumped by 102.1 per cent in 2016-17 to 8.24 million tonnes (mt), as compared to 4.07 mt shipped out in the previous financial year (2015-16), according to a Steel Ministry's report. "Export of total finished steel was up by 102.1 per cent in April-March 2016-17 at 8.24 mt over same …
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April 12, 2017 -
Working on increasing exports to China: Shaktikanta Das
The government is working towards increasing exports to China to balance a wide trade deficit and formulate a sustainable trade relationship between the two nations, Economic Affairs Secretary Shaktikanta Das said on Monday. "Our Commerce and Trade Department is working with China to increase our exports there so that there is parity in trade with …
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February 13, 2017 -
Lots need to be done to increase India’s exports: Anant Geete
Admitting that Indian businesses are facing multiple challenges in overseas markets due to the globally competitive environment, Union Minister Anant Geete on Thursday said a lot needs to be done to boost the country's shipments. `"We need to do a lot in the direction of increasing exports. In this era of globalisation, competition has reached …
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February 9, 2017 -
Lots need to be done to increase India’s exports: Anant Geete
Admitting that Indian businesses are facing multiple challenges in overseas markets due to the globally competitive environment, Union Minister Anant Geete on Thursday said a lot needs to be done to boost the country's shipments. `"We need to do a lot in the direction of increasing exports. In this era of globalisation, competition has reached …
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February 9, 2017