Exporters on Thursday urged the government to provide support measures in the next foreign trade policy (FTP), being formulated by the commerce ministry, to boost the country's outbound shipments.
Imports in January 2021 rose 2 per cent to $42 billion
Minister of State for Finance Anurag Thakur said on Monday the central government is making efforts to turn India into a manufacturing and export powerhouse
Indian industry must drive our economic recovery through innovation and exports
After being severely hit by the COVID-19 pandemic this year, the country's exports growth is expected to rebound in 2021 on the back of recovery in economic activities and demand worldwide
We need policies to promote export-oriented backward integration and linked development of technological capacity
To accelerate its India exports, Walmart will strengthen the development of the supply chain ecosystem in India
Moves come as a major relief to a sector that is struggling to recovery from the impact of Covid-19
Outbound shipments in November this year stood at $23.43 billion, against $25.77 billion in the same month a year earlier
Exports had recovered 5 per cent in September after months of contraction.
India is poised to export hand sanitiser bottle dispensers thanks to interventions by the technology centres and tool rooms under the MSME ministry, the government said on Thursday.
Imports also fell 11.53 per cent to $33.6 billion (year-on-year) in October 2020
Showing signs of improvement, the country's exports grew 22.47% year-on-year to 6.75 billion in the first week of November, driven by healthy growth in pharmaceuticals, gems and jewellery sectors
Exports during April-October 2020-21 stood at $150.07 billion, registering a decline of 19.05 per cent over the same period last year
The trade deficit in September was $2.72 billion, compared to $11.67 billion in the year-ago month
Development marks yet another sign of revival as imports continue to decline, albeit at a slower pace, trade deficit shrinks
During 2018-19, foreign exchange spending mostly on capital goods stood at 25.5 per cent of total sales
Import contraction restricted to 26 per cent in August due to surge in gold purchases from abroad
Profits of Bharat Forge, Bajaj Auto and Balkrishna Industries will also be hit
It called for upgrading agri infrastructure, improving efficiency levels in the supply chain and putting emphasis on value addition.