Page 6 - India Exports

Exports rise 40% to touch $418 bn in FY22, surpass govt target by 5%

The growth was driven by higher demand for items in the petroleum, gems and jewellery, engineering products

India targeting over 30-odd Russian-Ukrainian markets to ship local wheat

Exporters say they aren't merely looking to serve a stop-gap requirement but want to become credible long-term suppliers

India's Chinese imports slip 7.2% to $65.21 bn in 2020-21; exports up 26%

Imports from China declined 7.2 per cent to USD 65.21 billion in 2020-21 from USD 70.31 billion in 2018-19, Parliament was informed on Friday

LIVE: Biden says he thinks Russia should be removed from G-20

Biden also said if countries such as Indonesia and others do not agree with removing Russia, then in his view, Ukraine should be allowed to attend the meetings

Beyond $400 billion

Exports need policy support

India achieves $400-bn export target for FY22 ahead of schedule

Govt is confident of clocking $410 bn exports by March 31, as India has been shipping roughly $1.3 billion a day

India crosses $400-bn milestone in exports for first time in a fiscal year

Hailing the country's success in achieving its goods export target, Prime Minister Narendra Modi said that this is a key milestone in India's 'Aatmanirbhar Bharat' journey

Ukraine crisis: Exporters explore 3 back-up routes to Russia, CIS nations

Russia, Ukraine account for around 80% of India's exports to CIS countries

Exports of some products from India likely to be affected, says govt

Exports of certain products such as pharmaceuticals, telecom instruments, tea, coffee, and marine goods from India are likely to be affected due to the ongoing Russia-Ukraine conflict.

India's exports rise 25% YoY in February; trade deficit at $20.8 billion

Trade deficit was $15.1 billion in February last year and at $17.42 billion a month ago

Exports up 25.1% to $34.57 bn in Feb; trade deficit widens to $20.88 bn

According to the data, gold imports in February dipped by 9.65 per cent to USD 4.8 billion

Exports cross $380 bn this fiscal so far; likely to hit $410 bn: Goyal

The country's merchandise exports have reached over $380 billion so far this fiscal till March 7 and are expected to reach $410 billion in 2021-22, Commerce and Industry Minister Piyush Goyal said

India's merchandise exports likely to be at $111.3 bn in Q4 FY22: Exim

The country's merchandise exports are likely to be at USD 111.3 billion in the fourth quarter of the current fiscal, according to a forecast by India Exim Bank.

An alternative export strategy

Instead of focusing on one over the other, India needs to view services and manufacturing as complementary, not exclusive activities

SME Chatroom: Anti-dumping duty can be levied with retrospective effect

Most countries have aligned their tariffs at the six-digit level.

India's exports to China rise by 21% to $22.9 billion in 2021

Bilateral trade between the two countries rose to USD 110.4 billion in 2021 against USD 77.7 billion in 2020, registering a year-on-year growth of 42.2 per cent

Exports rise by 23.69% to $34 bn in Jan; trade deficit widens to $17.94 bn

The country's exports rose by 23.69 per cent to 34.06 billion in January on healthy performance by engineering, petroleum and gems and jewellery segments

India aiming a target of $500 billion exports for FY23: DGFT official

India has set up a target of 500 bn exports for the 2022-23 fiscal, a top government official said on Friday, contending that the COVID-19 pandemic has taught the country to reimagine world trade.

Exports rise 33% to $7.63 billion during Jan 1-7 period: Govt data

The country's exports grew 33.16 per cent to USD 7.63 billion during January 1-7 period on account of healthy performance by various sectors, including engineering, petroleum and gems and jewellery

Rice exporters seek extension of interest subsidy scheme to boost shipments

Rice exporters on Tuesday sought an extension of the interest subsidy scheme, which ended last year, from the government as it will help in further boosting the outbound shipments of the commodity.