Export Growth

FTAs don't always boost domestic manufacturing or speed export growth: GTRI

Countries negotiating free trade agreements (FTAs) need to keep in mind eight "myths" which surround these pacts, like they lead to accelerated increase in exports and promote domestic manufacturing, according to a report by think-tank GTRI. The report by Global Trade Research Initiative (GTRI) claims to dispel these 'myths', including that FTAs weaken the WTO (World Trade Organisation), countries are rushing to do FTAs, and these pacts promote investment and lower prices. It is "erroneously" believed that most world trade happens through the FTA route, but in reality, it is less than 20 per cent, said the report titled 'FTAs: Fabulous, Futile, or Flawed?'. It is also not true that countries world over are rushing to do FTAs and in fact these pacts are "enthusiastically" embraced mainly by east Asian economies or countries that have lowered their customs duties close to zero. "Major industrial countries/regions do FTAs selectively. The USA has no FTA with significant economies like

Under scanner: Special mechanism for sharing trade data in the works

CBIC come across 12-13 cases of import-export data leaks to dark web

Musical instruments' exports rise 3.5 times to Rs 172 crore in Apr-Sept

The country's musical instruments exports have increased to Rs 172 crore during April-September this fiscal against Rs 49 crore in the same period of 2013-14. Commerce and Industry Minister Piyush Goyal said in a tweet that the exports have risen to more than 3.5 times in the first six months of the current fiscal. "India's exports of musical instruments rose to more than 3.5 times in April-September 2022, as compared to the same period in 2013," Goyal said. On the jump in exports, Prime Minister Narendra Modi said the growth is encouraging. "With Indian music gaining popularity worldwide, there is a great opportunity to further grow in this sector," Modi tweeted.

India's rice export rates hit one-year peak on high demand from Bangladesh

Prices of rice exported from India held firm near their highest level in more than a year this week as demand from neighbouring Bangladesh remained strong

Manufacturing sector to be impacted in FY23 as exports take a hit: Report

The Indian manufacturing sector, which received a fillip in FY22 due to export growth, is likely to be hit by a slump in foreign trade activity in FY23, a report said on Thursday.

China's July exports rise 18% to $333 bn, with trade surplus at record high

China's export growth continued to rise in July, sending trade surplus to a record high, according to government data

Top Headlines: IDBI might merge with pvt bank, Sensex valuation & more

The conditions for the strategic divestment of IDBI Bank could facilitate its merger with other financial entities, including commercial banks, said an official. Read more in our top headlines

Fitch downgrades OYO's ratings over uncertainty in making profit

Rating agency expects the company's FY23 revenue to increase by around 30%, lower than its forecast.

TMS Ep168: Axis Mutual Fund, exports growth, Power stocks, e-passport

Should recent events at Axis MF worry retail investors? Is India's export growth momentum sustainable? Cab power stocks build momentum amid the energy crisis. What is an e-passport? All answers here

TMS Ep168: Axis Mutual Fund, exports growth, Power stocks, e-passport

Should recent events at Axis MF worry retail investors? Is India's export growth momentum sustainable? Cab power stocks build momentum amid the energy crisis. What is an e-passport? All answers here

TMS Ep168: Axis Mutual Fund, exports growth, Power stocks, e-passport

Should recent events at Axis MF worry retail investors? : Is India's export growth momentum sustainable? Cab power stocks build momentum amid the energy crisis. What is an e-passport? All answers here

How rupee-ruble trade mechanism is shaping up

India is exploring a rupee-rouble trade mechanism with Russia to circumvent the sanctions on Moscow by the US and its allies. What are the options and how feasible will they be in the long run?

Will India seize wheat export contracts missed by Russian-Ukraine?

With two major wheat exporters locked in a war, the world is now looking for countries that can fill the void. Will India be able to rise to the occasion? Can it overcome the logistical bottlenecks?

SME Chatroom: FTP allows exports through third party

Para 9.60 of FTP says that "third-party exports" means exports made by an exporter or manufacturer on behalf of another exporter

Pushing exports may've caught PM's attention

In his I-Day speech, the Prime Minister suggested that farmers should be exporters and that each of our districts must become an export hub for its specialty

Aiming for more of the global pie

Indian services export growth has outperformed that of the average emerging market in recent years. If global growth continues to be sluggish, India could enlarge its share of the cake

Why India badly needs an export boost to reverse its economic slump

Almost all the talk at present is about import substitution and raising tariffs, but a fundamental reason for India's recent slowdown has been its failure to generate export momentum, writes T N Ninan

Export growth to surge to 7% in Oct-Dec after slump in Nov: Exim Bank

The country's exports growth slid sharply to 0.8% in Nov from Oct's 17.86% growth in what was attributed to base effects

India's export growth plunges to 0.8% in November; trade deficit shrinks

On the other hand, a similar slower pace of growth on the import side effectively shrunk the trade deficit in November

Metals, machinery, marine products may drive export growth in 2018-19

The tally for total exports stood at a revised $303.66 bn for 2017-18, above the government's target of $300 bn