The Government on Tuesday announced the extension of fiscal benefits under the RoDTEP scheme for exports for six more months until March 31, 2026, amid a 50% tariff imposed by the United States (US) on Indian imports. “…The Central Government hereby notifies the extension of the RoDTEP Scheme beyond 30.09.2025. Accordingly, the RoDTEP Scheme shall […]
The exporters have pushed for a 12-month moratorium on credit repayment and demand a relaxed NPA classification on export loans up to 180 days, sources said. Faced with some of the highest US tariffs in the world, Indian exporters are set to knock on the door of the Reserve Bank of India seeking relief. Industry […]
India’s specialty fertilizer sector anticipates new supply issues. China plans to reinstate export restrictions starting in October. This could lead to price increases for farmers. Rajiv Chakraborty of the Soluble Fertilizer Industry Association (SFIA) shared this. Companies are trying to secure supplies before the restrictions begin. Indigenous supplies might help later. India heavily relies on […]
India’s electronics exports are projected to surge by 30% annually, potentially exceeding $46 billion by FY26, fueled primarily by mobile phone shipments. The sector witnessed a 47% growth in the first fiscal quarter, with the US being a major export destination. India’s electronics exports are expected to grow around 30% on-year to breach the $46-50 […]
TRQ is a quota for a volume of exports that enters the European Union (EU) with relatively low tariffs. After the quota reaches its limit, a higher tariff is applicable to additional shipments. India on Friday (August 1) notified sugar exports of 5,841 tons to the European Union under the tariff-rate quota scheme for 2025-26. […]
The total US trade in these 161 items is valued at $22 billion, Vietnam could realistically pose a competitive threat in just $5.4 billion worth of trade. India risks losing up to $5 billion in exports to Vietnam if it fails to strike a trade deal at a lower tariff with the United States, according […]
India’s goods exports decreased for the third consecutive month, registering $36.43 billion in January and widening the trade deficit to $22.99 billion. Despite this decline, sectors like electronics, engineering goods, and pharmaceuticals showed growth. Imports, particularly gold, increased significantly, contributing to the rising trade deficit. India’s goods exports shrank for the third straight month to […]
For Indian manufacturers, tie-ups with Chinese firms are crucial at this stage to develop a resilient world-class supply chain before striking out on their own, S Krishnan has said. India must substantially increase electronics exports to remain competitive in the global value chain, as domestic production alone won’t be enough, S Krishnan, secretary of the […]
India’s share in global services exports doubles from 1.9% in 2005 to 4.3% in 2023. Gross FDI increases from USD 47.2 billion to USD 55.6 billion in the first eight months of FY25 over the same period of FY24. India’s foreign exchange reserves stood at USD 640.3 billion at the end of December 2024. India’s […]
Focus on certain countries and products has led to increased exports. Can this be sustained? INDIA’S MERCHANDISE foreign trade data for October 2024 came packed with a pleasant surprise. The export value of 10 key products was the highest ever in India’s trade history. Non-petroleum product exports were also at a record $34.61 billion. A […]
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