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).
India’s agriculture exports crossed USD 50 billion for the year 2021-22. Agricultural and Processed Food Products Export Development Authority (APEDA), has exported agricultural and processed food products to the tune of USD 25.6 billion, which is 51 per cent of India’s total agriculture exports of USD 50 billion.
National Accreditation Board for Certifying Bodies (NABCB) has granted certification of electrical equipment to the Central Power Research Institute (CPRI). the Central Power Research Institute (CPRI) is an autonomous Society under the Union Ministry of Power.
The growth rate is remarkable as it is over and above the growth of 17.66 per cent, at $41.87 billion, achieved in 2020-21 and has been recorded despite unprecedented logistical challenges in the form of high freight rates, container shortages etc.
"We should keep a target of USD 100 billion exports in the jewellery industry worldwide. We should work to see how it can be achieved regarding policies by the government and global players to persuade the market," he said in his speech.
India’s merchandise exports have achieved a remarkable landmark by surpassing the $400 Billion marks for the first time in current…
