Page 4 - Merchandise Exports
Govt favours diverting MEIS funds to PLI schemes in select sectors
The revenue department argued against continuing the MEIS, calling it inefficient and wasteful
 "Govt favours diverting MEIS funds to PLI schemes in select sectors")
India a small net exporter after 18 yrs even as merchandise shipments dip
Country may see current account surplus for the second quarter in a row in Q1 of FY21
 "India a small net exporter after 18 yrs even as merchandise shipments dip")
Covid-19 crisis: Indian economy's road to recovery still has long way to go
Agriculture was expected to be the only silver lining in the economy in the current financial year
 "Covid-19 crisis: Indian economy's road to recovery still has long way to go")
Govt extends foreign trade policy, other export benefits for one year
Currently, tax benefits are provided under the Merchandise Export from India Scheme for goods and the Services Export from India Scheme).
 "Govt extends foreign trade policy, other export benefits for one year")
Govt to retain exports scheme till March after WTO asked for its scrapping
The government had decided to discontinue MEIS--its largest export promotion scheme--after the WTO said it distorted trade.
 "Govt to retain exports scheme till March after WTO asked for its scrapping")
Merchandise and services exports rose 8% to $538 bn in 2018-19: Goyal
The country's overall exports of merchandise and services rose to $538.07 billion in 2018-19 from $498.63 billion in 2017-18, up 7.90%
 "Merchandise and services exports rose 8% to $538 bn in 2018-19: Goyal")
Trade deficit narrows to $11.01 billion in October on lower oil imports
Oil imports fell 31.74 per cent to $9.63 billion in October from $14.11 billion in the year-ago period
 "Trade deficit narrows to $11.01 billion in October on lower oil imports")
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
Tipping point: India's export of services will soon exceed that of goods
As services exports succeed, the rupee will get stronger and the manufacturing sector will find it harder to compete globally, causing a shortage of domestic jobs for rural youth, writes T N Ninan
Merchandise exports to be at $330 billion in FY19: Suresh Prabhu
This will be lower than the $350-bn target set by the commerce department
 "Merchandise exports to be at $330 billion in FY19: Suresh Prabhu")
Expect some vanishing of export concessions
The prospect of achieving $350 bn during the current year (FY19) look brighter but much will depend on how the commerce ministry negotiates with US govt the issue of phasing out of export subsidies
Merchandise exports must grow 27% CAGR to capture 5% world mkt: ex-advisor
Former FinMin advisor H A C Prasad says India's current share is a miniscule 1.7%, suggests policy changes to get to 5%
 "Merchandise exports must grow 27% CAGR to capture 5% world mkt: ex-advisor")
Export based on world demand, not domestic supply: Govt
India's share in world exports is miniscule, at 1.6 per cent in 2015
 "Export based on world demand, not domestic supply: Govt")
Merchandise exports fall 6.8% in July
The fall in July was attributed to global slowing, particularly in the Chinese economy, leading to a decline in commodity prices
 "Merchandise exports fall 6.8% in July")
Brexit aftermath: Exports likely to feel heat in short term
Long-term trends to be guided by Britain's economic relations with EU
 "Brexit aftermath: Exports likely to feel heat in short term")
Merchandise exports unlikely to recover soon
Global crash in commodity prices, slowdown in Chinese economy to plague outbound shipments.
 "Merchandise exports unlikely to recover soon")
