Category: Exports

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 […]

India’s first e-commerce export hub is set to become operational by March, aiming to boost exports to USD 100 billion by 2030. The pilot launch includes companies like Shiprocket and DHL, with features such as self-sealing and easy reimport policies. Additionally, a new Diamond Imprest Authorization scheme will start from April 1, promoting duty-free import […]

The value of MSME exports from April to November in the current fiscal year reached Rs 12.39 lakh crore, surpassing the Rs 8.55 lakh crore recorded for the entire FY23. The number of MSMEs exporting goods till November was 1.73 lakh, compared to 1.53 lakh in FY24 and 1.21 lakh in FY23, according to data […]

Union Minister for Commerce and Industry Piyush Goyal, at the India Economic Conclave organized by Times Network, shared a bold vision for India’s economic growth, driven by surging exports and rising global investment. Goyal announced that Indian exports are set to surpass $800 billion this year, with a projection to cross $1 trillion in the […]

Trades sources said that India’s dominance in global rice trade is expected to be restored with a spike in shipment especially to Africa and south-east Asian countries. India’s exports of agricultural and processed food products declined marginally (1%) to $ 12.13 billion in the first half of FY25, owing to sharp fall of 17% in […]

“Exporters can claim benefits under these schemes without obtaining an RCMC,” the DGFT has said in a trade notice. The commerce ministry’s arm DGFT has clarified that registration-cum-membership certificate is not mandatory for exporters to seek benefits under schemes like duty drawback and remission of state levies. According to the Foreign Trade Policy, a Registration-cum-Membership […]

Escalating US-China trade tensions could boost India’s exports and attract American investments, as new US Senate bills may shift production away from China. India can leverage this by enhancing its manufacturing sector in electronics, textiles, and other industries, reducing reliance on Chinese products. The escalation in the US-China trade war is expected to help India […]

India’s defence production has reached a record high of Rs 1.27 lakh crore in 2023-24, with exports to over 90 countries. Defence Minister, Rajnath Singh highlighted the success of the ‘Make in India’ program, which aims to make India self-reliant and boost domestic defence manufacturing. India’s defence production hit a record high of Rs 1.27 […]

India’s Commerce Minister, Piyush Goyal targets USD 825 billion in exports this fiscal, despite global challenges. He also outlines plans to attract foreign investments through single-window platforms and industrial townships. Commerce and Industry Minister, Piyush Goyal on Wednesday expressed hope that the country’s merchandise and services exports will cross USD 825 billion despite global challenges. […]