Search result for 'merchandise exports'

India's Exports to Fall Below USD 435 Billion in 2024-25: GTRI

March 30, 2025 18:07

India's merchandise exports are projected to decline slightly in 2024-25, falling below USD 435 billion due to global uncertainties and volatility in petroleum prices, according to the Global Trade...

Private Investment Key to India's Growth Amid Global Risks: Finmin

March 26, 2025 16:53

India's finance ministry emphasizes the role of private investment in overcoming global risks and boosting economic growth. The report highlights the resilience of the Indian economy and the...

India's Services Exports to Overtake Merchandise in FY26: Goyal

March 20, 2025 21:42

India's Commerce Minister Piyush Goyal says services exports should target USD 450 billion in FY26, exceeding merchandise exports. He highlights the sector's healthy growth and potential for...

India's Exports Decline in February, Trade Deficit Narrows

March 17, 2025 15:36

India's exports contracted in February, marking the fourth consecutive decline. The trade deficit narrowed due to a reduction in imports. Exports totaled USD 36.91 billion, while imports stood at...

India Govt to Offer Export Incentives Amid Trade Uncertainty

March 11, 2025 15:11

India's government is considering incentives for exporters to combat declining exports and US trade threats. Details on the incentives are yet to be finalized.

India, US to boost trade: Market access, tariff reduction key

March 11, 2025 13:19

India and US are planning to negotiate a trade deal, focusing on increasing market access, reducing tariffs and non-tariff barriers, and enhancing supply chain integration.

India-US Trade Talks: Goyal Returns from Washington

March 8, 2025 15:23

Commerce Minister Piyush Goyal returned from Washington after holding trade talks with US counterparts, aiming to negotiate a bilateral trade agreement. The talks aim to double trade between India...

US-India Trade Talks: Agriculture at the Center

March 8, 2025 15:11

US seeks large trade deal with India, pushing for open agriculture sector, raising concerns about impact on Indian farmers and livelihoods.

India-US Trade Pact: Duty Cuts Boost Exports, Experts Say

March 7, 2025 18:53

Experts say import duty concessions in labor-intensive sectors like leather, textiles, and jewelry under the proposed India-US trade pact could boost Indian exports to the US. The pact aims to...

India Engineering Goods Exports Surge to US, Tariff Threat Looms

March 5, 2025 17:50

India's engineering goods exports to the US surged 18% in January, reaching USD 1.62 billion, despite the looming threat of US tariffs. EEPC India highlights growth in key markets and warns of...

Indian Exports Face Market Access Barriers: DGFT

March 4, 2025 18:18

Non-tariff measures, such as carbon taxes and deforestation regulations, are limiting market access for Indian exports, says DGFT. Other challenges include insufficient global value chain...

Goyal's US Visit for Trade Talks Starts Monday

March 2, 2025 19:44

India's Commerce Minister Piyush Goyal travels to Washington for trade talks with the US, aiming to double bilateral commerce by 2030 and negotiate a new trade agreement.

India Can Leverage US Tariff Threat for Mutual Reductions: Panagariya

March 1, 2025 17:55

Finance Commission Chairman Arvind Panagariya suggests India can use the US tariff threat to secure mutual reductions, warning against a tariff war.

India, US to Negotiate Trade Agreement: Goyal to Visit Washington

March 1, 2025 12:26

Commerce Minister Piyush Goyal will visit Washington for trade talks as India and the US aim to double bilateral commerce to USD 500 billion by 2030 and negotiate a trade agreement.

India Inc Revenue Growth 7-8% in Q4: ICRA

February 24, 2025 13:06

ICRA expects Indian companies to see 7-8% revenue growth in Q4 FY2025 driven by rural demand revival and government spending, with certain sectors like electronics and EVs seeing continued investment.

India-US Trade Pact: 'Mother of all Deals' - Piyush Goyal

February 21, 2025 15:01

India's Commerce Minister Piyush Goyal hails the proposed India-US trade pact as the 'mother of all deals', promising huge opportunities for both nations. The pact aims to double bilateral trade to...

India-US Trade Agreement: Commerce Ministry Engages with Departments

February 20, 2025 17:39

India's commerce ministry is engaging with various departments to prepare for negotiations on a bilateral trade agreement with the US, aiming to boost bilateral trade and investments.

India's Economy to Grow 6.4% in Q3: ICRA

February 18, 2025 12:37

ICRA projects India's GDP to grow 6.4% in the December quarter, driven by increased government spending. The rating agency expects the economy to benefit from investment activity and a rebound in...

India-US Trade Deal: USD 500 Billion Target in 6-8 Months - Goyal

February 18, 2025 10:11

India and the US aim to boost bilateral trade to USD 500 billion and negotiate a trade agreement within 6-8 months, Commerce Minister Goyal said. The agreement is expected to cover goods, services...

India's Exports Decline in January, Trade Deficit Widens

February 17, 2025 14:36

India's merchandise exports contracted by 2.38% in January to USD 36.43 billion, while imports rose by 10.28%. The trade deficit widened to USD 22.99 billion.

India-US Trade Deal Boosts Biz Confidence: Goyal

February 16, 2025 13:11

India's Commerce Minister Goyal says the announcement of a trade agreement with the US has boosted business confidence in both countries, aiming to strengthen economic ties and leverage competitive...

India-US Trade: $500 Billion Target, Trade Pact to Boost Exports

February 15, 2025 17:14

India aims to boost exports to the US with a $500 billion trade target by 2030 and a planned bilateral trade agreement. The agreement aims to enhance bilateral trade and benefit Indian export...

India-US Trade Target: $500 Billion by 2030

February 15, 2025 15:30

India aims to reach $500 billion in bilateral trade with the US by 2030, with plans for a trade agreement. This will boost Indian exports and attract US investment.

India Pharma Exports to Double by 2030: Report

February 8, 2025 18:43

India's pharmaceutical exports are projected to reach USD 65 billion by 2030, with a target of USD 350 billion by 2047, aiming for a top 5 global ranking. The report highlights the need for...

Export Promotion Mission: Govt. Schemes for MSME Exporters

February 4, 2025 14:33

India's government is launching schemes to support MSME exporters, including credit facilities, factoring services, and assistance with non-tariff barriers. Learn more about the Export Promotion...

Budget Boosts India's Economic Growth: Expert

February 2, 2025 20:11

International trade expert Deep Kapuria praises the Budget's measures to promote exports, investments, and MSMEs, predicting accelerated economic growth. He highlights focus on agriculture and...

PLI Scheme Expansion for Handicrafts & Leather: Deloitte

January 26, 2025 13:33

Deloitte recommends extending PLI benefits to handicrafts and leather in the upcoming Budget to create more jobs, along with continuation of existing schemes in successful sectors.

Weaker Rupee to Hike India's Import Bill: GTRI

January 17, 2025 12:06

GTRI warns that India's import bill will increase due to a weaker rupee, impacting sectors like electronics, machinery, and textiles. The think tank suggests a re-evaluation of rupee management and...

China's Export Curbs Impact Indian Electronics, Solar, EV Firms: GTRI

January 16, 2025 13:10

China's export restrictions on key inputs and machinery are causing delays and disruptions for Indian firms in the electronics, solar, and EV sectors. GTRI says the curbs are a response to India's...

India's Exports Contract 1% in December 2024

January 15, 2025 14:36

India's merchandise exports declined by 1% to USD 38.01 billion in December 2024, while imports rose by 4.8% to USD 59.95 billion. The trade deficit widened to USD 21.94 billion.

Ecommerce Export Hubs: SOP in Works - India Aims for $100 Billion by 2030

January 14, 2025 15:41

India is setting up ecommerce export hubs with SOPs in place, aiming to reach $100 billion in exports by 2030. Learn about the initiative, key players, and the potential impact.

India's Exports to Cross USD 800 Billion in 2024: GTRI

December 31, 2024 20:21

India's goods and services exports are projected to exceed USD 814 billion in 2024, driven by growth in services and sectors like machinery and electronics, according to GTRI.

India's Exports to Australia Surge 64.4% in November

December 29, 2024 10:51

India's exports to Australia soared by 64.4% in November, driven by strong growth in textiles, chemicals, and agricultural products. The rise comes as India and Australia implement their interim...

India's Export Prospects for 2025: Growth, Challenges & Opportunities

December 27, 2024 11:31

India's export prospects for 2025 are positive due to gradual recovery in developed markets and focus on key products. However, trade protectionism and global uncertainties pose challenges. Read...

Trump Threatens Reciprocal Tariffs on India

December 18, 2024 14:28

Trump criticizes India's high tariffs on US products, threatening to impose reciprocal taxes. He calls India a 'tariff king' and says they charge 'a lot'.

Trump Threatens India with Reciprocal Tariffs

December 18, 2024 10:39

Trump reiterates plans to impose reciprocal tariffs on India, citing high tariffs on US products. He criticizes India's tariffs on Harley-Davidson bikes and paper products.

5 Firms Seek Approval for E-commerce Export Hubs

December 17, 2024 15:56

Five companies, including DHL and Lexship, have applied to set up e-commerce export hubs in India, aiming to capitalize on the growing global e-commerce market. The government is expected to make a...

India's Exports Decline: FIEO Urges Liquidity Measures

December 16, 2024 20:33

India's export growth slowed in November, prompting FIEO to call for government intervention. The organization seeks liquidity support, higher interest subvention, and the extension of RoDTEP...

India's Exports Contract 4.85% in November, Trade Deficit Widens

December 16, 2024 15:34

India's merchandise exports declined 4.85% in November to USD 32.11 billion, while imports surged by 27%. The trade deficit widened to USD 37.84 billion.

RBI Cuts GDP Growth Forecast to 6.6% for FY25

December 6, 2024 12:41

The Reserve Bank of India has lowered its GDP growth forecast for the current fiscal year to 6.6% from 7.2%, citing a slowdown in economic activity and stubborn food prices. Inflation is projected...

India's Current Account Deficit Widens to 1.6% in Q2: Report

December 5, 2024 19:57

India's current account deficit (CAD) is set to widen to 1.6% in the September quarter, driven by shrinking merchandise exports and subdued global demand. The CAD in Q2 will be the highest since Q3...

India Services Exports to Surpass Merchandise by 2030: GTRI

November 20, 2024 19:10

India's services sector is projected to overtake merchandise exports by 2030, reaching USD 618 billion, driven by strong growth in software, IT, and Other Business Services (OBS).

India's GDP Growth to Slip to 6.5% in Q2 FY25: Icra

November 20, 2024 13:07

Icra forecasts India's GDP growth to slow to 6.5% in Q2 FY25 due to heavy rains and weak corporate performance, but maintains FY25 estimate at 7%.

India Aims to be Top 10 Ship Manufacturer by 2030: Sonowal

November 19, 2024 19:55

India targets to become one of the top 10 global ship manufacturers by 2030, aiming to be among the top 5 by 2047, as stated by Union Minister Sarbananda Sonowal. The country's maritime sector is...

Rupee Recovers From All-Time Low, Settles Higher Against Dollar

November 18, 2024 15:59

The Indian rupee recovered from its all-time low against the US dollar, closing 6 paise higher at 84.40. The recovery was attributed to a retreating American currency and reduced FII selling...

Rupee Rises 8 Paise to 84.38 vs US Dollar

November 18, 2024 09:36

The Indian Rupee appreciated by 8 paise to 84.38 against the US dollar in early trade on Monday, supported by lower crude oil prices.

E-commerce Export Hubs: Shiprocket, CSC Selected for Delhi Pilots

November 14, 2024 18:15

India's government has selected Shiprocket and CSC to set up pilot e-commerce export hubs in Delhi, aiming to boost exports to USD 100 billion by 2030. These hubs will offer expedited customs...

India-US Trade Grows Despite Regime Change | PTI

November 14, 2024 17:59

India's trade ties with the US are strengthening, with exports surging despite a change in administration. The two nations are seeing strong economic integration, fueled by agreements like the IPEF.

Rupee Hits All-Time Low at 84.43 Against US Dollar

November 14, 2024 15:59

The Indian Rupee closed at a record low of 84.43 against the US Dollar, driven by foreign fund outflows, strong dollar demand, and rising inflation. The rupee's decline is expected to continue in...

India Exports Surge 17.25% in October to $39.2 Billion

November 14, 2024 14:25

India's merchandise exports in October rose to USD 39.2 billion, up 17.25% from a year ago, while imports increased 3.9% to USD 66.34 billion, according to government data.

Indian Economy Sailing Smoothly: RBI Governor Das

November 14, 2024 14:05

RBI Governor Shaktikanta Das says the Indian economy is sailing smoothly despite global headwinds. He highlights strong macroeconomic fundamentals and a resilient external sector. The article also...

Trump's 'America First' Agenda: Impact on Indian Trade

November 6, 2024 16:57

Experts warn of higher tariffs on Indian goods like autos, textiles, and pharma if Trump's 'America First' agenda is implemented, potentially impacting Indian exports and IT sector.

BRICS+ to Surpass G7 in Global Trade by 2026: EY India

October 31, 2024 15:00

EY India predicts BRICS+ nations will surpass G7 in global trade by 2026, driven by increasing share in exports and imports. This shift could challenge the dominance of US dollar and SWIFT.

India's Economic Policies: Inclusive Growth & Social Empowerment - Sitharaman

October 26, 2024 02:50

India's Finance Minister Nirmala Sitharaman highlights the country's economic policies rooted in inclusive growth and social empowerment, aiming for a high-income economy by 2047. She emphasizes...

West Bengal's Export Boost: Govt Role, NCEP Launch - PTI

October 25, 2024 16:48

West Bengal aims to strengthen its export sector, currently generating USD 11.7 billion, with new policies and the launch of the Kolkata chapter of the National Centre for Export Promotion (NCEP).

Rupee Falls 5 Paise to 84.07 vs US Dollar

October 17, 2024 15:51

The Indian rupee closed lower against the US dollar on Thursday, pressured by foreign fund outflows and a negative trend in domestic equities. The rupee traded in a narrow range between 83.99 and...

Rupee Steady Against US Dollar: RBI Intervention, Oil Prices Support

October 17, 2024 10:05

The Indian rupee traded in a narrow range against the US dollar on Thursday, supported by suspected RBI intervention and softer oil prices. However, a strong dollar and muted domestic equities...

India's Exports Rise Marginally to $34.58 Billion in September

October 16, 2024 14:28

India's merchandise exports increased slightly to USD 34.58 billion in September, while imports rose by 1.6 percent. The trade deficit stood at USD 20.78 billion.

Canada Assures Business Ties with India Amidst Diplomatic Row

October 16, 2024 08:40

Amidst diplomatic tensions, Canada's Trade Minister assures businesses of continued support for strong commercial ties with India. The two countries have significant bilateral trade and investment...

Canada Assures Business Ties with India Amidst Diplomatic Row

October 16, 2024 05:54

Canadian Trade Minister Mary Ng assures businesses of continued support for commercial ties with India despite diplomatic tensions. She emphasizes Canada's commitment to protecting its citizens...

Cargo Volumes to Hit 3.7 MT in FY25: Icra

October 14, 2024 20:18

Icra forecasts a 9-11% YoY growth in cargo volumes to 3.6-3.7 million tonnes in FY25, driven by higher domestic and international cargo. International cargo is expected to grow 11-13%, while...

India's Pharma & Meditech Exports to Grow Despite Slowdown: Official

October 9, 2024 14:40

India's pharmaceutical and meditech exports are expected to continue strong growth despite global economic slowdown, driven by government support and a pipeline of blockbuster molecules.

US Dockworkers' Strike Impacts India's Exports

October 3, 2024 17:10

The US East Coast and Gulf Coast dockworkers' strike is expected to hurt India's exports to America, impacting shipments and causing delays. Exporters are concerned about the impact on their...

India Should Not Seek GSP Benefits from US: GTRI

September 30, 2024 17:43

GTRI suggests India should not push for GSP benefits reinstatement from the US as the gains are marginal and focus on broader trade discussions. The think tank believes India should prioritize a...

India's Pharma ' Medical Device PLI Scheme: 50 New Plants in 2 Years

September 26, 2024 12:55

India's Production-Linked Incentive (PLI) scheme for pharma and medical devices is driving growth, with 50 new plants planned in the next two years.

India's Growth Forecast Retained at 7%: ADB

September 25, 2024 14:51

The Asian Development Bank (ADB) has maintained India's growth forecast at 7% for the current fiscal year, citing strong agricultural performance and government spending. The outlook for the Indian...

Rupee Rises 10 Paise to 83.53 Against US Dollar - News

September 25, 2024 10:05

The Indian rupee appreciated 10 paise to 83.53 against the US dollar in early trade on Wednesday, driven by overall dollar weakness in the overseas market. The US consumer confidence dropped by the...

India's Growth Forecast Retained at 7% by ADB: Govt Spending, Agriculture Key

September 25, 2024 09:28

The Asian Development Bank (ADB) has retained India's growth forecast at 7% for the current fiscal, citing improved agriculture, higher government spending, and robust services exports as key drivers.

India's Garment Exports Surge 12% in August

September 19, 2024 15:42

India's ready-made garment exports rose by 12% in August, reaching USD 1.26 billion, despite global challenges such as high logistics costs. The growth reflects the industry's resilience...

Bangladesh Turmoil Won't Impact Indian Firms: CRISIL

September 18, 2024 13:56

CRISIL Ratings says Bangladesh's political turmoil won't significantly affect Indian companies' credit quality, though some sectors may see short-term impact.

India's Exports Plunge 9.3% Amidst Red Sea Crisis && Logistical Challenges

September 17, 2024 19:10

India's exports contracted 9.3% in August due to the Red Sea crisis and logistical challenges, impacting petroleum product exports significantly. Experts call for government intervention to support...

Bangladesh Situation No Impact on India Inc Credit: Crisil

September 17, 2024 16:04

Crisil Ratings says Bangladesh unrest has minimal impact on India Inc's credit quality, though some sectors like cotton yarn, power, and footwear could see minor disruptions.

India's Exports Decline 9.3% in August - PTI

September 17, 2024 15:46

India's merchandise exports fell 9.3% in August to USD 34.71 billion, while imports rose 3.3% to USD 64.36 billion. The trade deficit widened to USD 29.65 billion.

Goyal Invites Steel Industry to Discuss Unfair Competition

September 6, 2024 14:34

India's Commerce Minister Piyush Goyal has invited the steel industry to discuss unfair competition and explore solutions for sector growth. He also highlighted the India Middle East Europe...

India to Launch E-commerce Export Hubs for Fast-Moving Goods

August 29, 2024 18:37

India plans to set up e-commerce export hubs to boost cross-border trade, focusing on fast-moving goods like textiles, handicrafts, and jewelry. The government aims to increase e-commerce exports...

India Seeks Proposals for E-commerce Export Hubs

August 23, 2024 17:22

India's government seeks proposals for setting up e-commerce export hubs to boost cross-border trade. The initiative aims to increase exports from USD 5 billion to USD 50-100 billion in coming years.

India's Trade: US Top Partner, China Highest Deficit (Jan-June 2024)

August 23, 2024 13:55

India's trade with the US and China in the first half of 2024. The US is now India's top trading partner, while China has the highest trade deficit. GTRI analysis reveals details.

India's Exports Dip 1.2% in July, Trade Deficit Widens

August 14, 2024 14:25

India's merchandise exports fell 1.2% to USD 33.98 billion in July, while imports rose 7.45% to USD 57.48 billion, widening the trade deficit to USD 23.5 billion.

India Merchandise Exports to Grow 4.2% in Sept Quarter: Exim Bank

August 12, 2024 21:30

India's merchandise exports are expected to rise by 4.2% to USD 111.7 billion in the September quarter, driven by strong economic activity and improving global demand.

India's Exports to Bangladesh Face Challenges Amidst Crisis

August 5, 2024 19:30

India's exports to Bangladesh are facing disruptions due to a shortage of foreign exchange and political unrest in the country. The crisis could have a significant impact on bilateral trade.

Auto Component Industry Turnover Up 10% in FY24: ACMA

July 25, 2024 16:50

India's auto component industry grew by 9.8% to Rs 6.14 lakh crore in FY24, driven by domestic and export growth, as per ACMA. The industry saw a trade surplus of USD 300 million.

E-commerce Export Hubs: India Aims for $1 Trillion Exports by 2030

July 23, 2024 13:52

India plans to set up e-commerce export hubs in PPP mode to boost exports, aiming for $1 trillion merchandise exports by 2030. The initiative will focus on MSMEs and traditional artisans,...

India's Trade Deficit to Decline: Economic Survey

July 22, 2024 16:46

India's trade deficit is expected to decline further due to PLI schemes, increased exports, and free trade agreements. Economic Survey highlights challenges and opportunities for India's external...

India iPhone Production Surges: 14% Global Share in FY24 - Eco Survey

July 22, 2024 15:21

India's iPhone production hit 14% of global output in FY24, boosting electronics exports. The country's electronics export ranking rose to 24th in 2022 from 28th in 2018.

India's Export Growth: Services &' Diversification &' | Economic Survey

July 22, 2024 14:36

India&'s export destinations are diversifying, with services exports expanding significantly. Learn about the key trends and growth drivers in India&'s export sector.

India GDP Growth Forecast 2024-25: Eco Survey

July 22, 2024 12:54

India's GDP is projected to grow at 6.5-7% in 2024-25, according to the Economic Survey 2023-24. The forecast takes into account global challenges and domestic growth drivers.

Tea Industry Seeks Higher RoDTEP Rates for Exports

July 20, 2024 12:31

The tea industry in India has urged the government to increase RoDTEP rates for bulk tea exports, seeking to make Indian tea competitive in the global market. The industry also requested other...

Boost E-commerce Exports: Easy Customs, Payments & FDI

July 18, 2024 17:37

Report highlights measures like simplified customs, robust payment systems and relaxed FDI norms to drive India's e-commerce exports towards USD 200-300 billion target by 2030.

ADB Retains India's FY25 Growth at 7%: Monsoon Boost

July 17, 2024 11:34

The Asian Development Bank (ADB) maintains India's GDP growth forecast at 7% for FY25, citing a rebound in agriculture due to strong monsoon projections. The ADB also predicts a 7.2% growth rate in...

India to Launch E-commerce Export Framework by Sept: Comm Secy

July 16, 2024 20:06

India aims to boost its e-commerce exports to USD 50-100 billion by 2030 with a new regulatory framework and export hubs, targeting USD 350 billion in e-commerce exports by 2030.

Rupee Rises 3 Paise to Close at 83.58 vs US Dollar

July 16, 2024 15:53

The Indian rupee strengthened against the US dollar on Tuesday, supported by firm domestic markets and foreign capital inflows. Crude oil prices declined, also aiding the rupee.

Rupee Rises 4 Paise to 83.57 vs US Dollar | Indian Currency News

July 16, 2024 09:53

The Indian rupee appreciated 4 paise to 83.57 against the US dollar in early trade on Tuesday, supported by positive trend in domestic equities and foreign fund inflows.

Rupee Hits All-Time Low at 83.61 vs US Dollar

July 15, 2024 20:35

Indian Rupee depreciates to a record low of 83.61 against the US dollar, driven by a strong dollar and rising domestic inflation. Learn more about the factors influencing the rupee's decline.

India's Export Growth Slowed in June: Logistics Disruptions

July 15, 2024 19:35

Logistics disruptions, including container shortages and irregular shipping schedules, impacted India's export growth in June, according to FIEO. Despite this, exports rose 2.56% to USD 35.2 billion.

India-EU Trade Talks: Next Round in September

July 15, 2024 17:20

India and the EU are set to hold the next round of talks for a proposed free trade agreement in September, aiming to boost commerce and investments.

India's Exports Rise 2.56% to $35.2 Billion in June

July 15, 2024 14:30

India's merchandise exports in June increased 2.56% to USD 35.2 billion, while imports rose by about 5%. The trade deficit stood at USD 20.98 billion.

India's Exports Remain Positive Despite Global Challenges

July 14, 2024 12:24

India's exports grew in May and June despite global challenges, driven by services sector growth, says Commerce Minister Piyush Goyal. Learn more about the positive outlook for Indian exports.

Indian Economy Growth: Exports, Manufacturing & CAD Boost

June 30, 2024 19:38

Commerce Minister Goyal highlights export growth, improved CAD, & manufacturing focus as key drivers of India's economic growth.

India's Exports to Cross USD 800 Billion: Goyal

June 29, 2024 18:45

India's Commerce Minister Piyush Goyal forecasts goods and services exports to exceed USD 800 billion this fiscal, driven by global demand and strategic initiatives.

Exporters Seek Dedicated Division to Address Non-Trade Barriers

June 27, 2024 22:27

Indian exporters urge the commerce ministry to establish a dedicated division for dealing with non-trade barriers, seeking to boost outbound shipments amid global challenges. They also highlight...

Gems & Jewellery Exporters Seek Import Duty Cut in Budget

June 25, 2024 21:02

Gems and jewellery exporters have urged the Finance Minister to reduce import duty on gold, silver, and platinum bars to 4% in the upcoming Budget. The move is expected to boost exports and...

Goyal Meets Exporters to Boost India's Shipments

June 25, 2024 20:50

Commerce Minister Piyush Goyal to meet export councils on Thursday to discuss strategies to enhance India's export growth.

Exporters Seek Support to Boost Exports to $2 Trillion by 2030

June 24, 2024 21:39

Exporters will meet with Finance Minister Nirmala Sitharaman to discuss fiscal support measures aimed at boosting India's exports to $2 trillion by 2030, including the Interest Equalisation Scheme...

Rupee rises 7 paise to 83.48 against US dollar in early trade

June 18, 2024 09:38

The Indian rupee appreciated 7 paise to 83.48 against the US dollar in early trade on Tuesday, driven by foreign capital inflows and positive domestic equity markets.

India's Imports from Iraq Surge 58.68% in May

June 14, 2024 17:37

India's imports from Iraq jumped to USD 3.76 billion in May, while imports from UAE rose by 50%. Read about India's trade performance with other key nations.

Sensex, Nifty Hit New Highs on Blue-Chip Gains

June 14, 2024 16:04

Indian stock indices Sensex and Nifty reached new all-time highs on Friday, driven by strong performance in blue-chip companies like HDFC Bank and Reliance Industries. The rise follows encouraging...

Rupee Closes at 83.56 Against US Dollar

June 14, 2024 15:53

The Indian rupee closed 2 paise lower at 83.56 against the US dollar on Friday, supported by positive domestic markets and lower crude oil prices. However, a strong US dollar and FII outflows...

India's Exports Surge 9% to $38.13 Billion in May

June 14, 2024 14:28

India's merchandise exports in May 2024 rose by 9% to USD 38.13 billion, driven by strong demand. Imports also increased, leading to a trade deficit of USD 23.78 billion.

Piyush Goyal Takes Charge of Commerce Ministry - India News

June 11, 2024 18:03

Piyush Goyal takes charge of India's Commerce and Industry Ministry, aiming to boost economic growth. Learn more about his plans for Vikshit Bharat by 2047.

India's SEZ Exports Rise 4% to USD 163.69 Billion in 2023-24

June 11, 2024 15:38

India's special economic zones (SEZs) saw exports rise 4% to USD 163.69 billion in 2023-24, driven by a flexible framework and streamlined approval processes.

Govt Recovers Rs 852 Cr in Export Amnesty Scheme

May 19, 2024 13:39

India's government has recovered Rs 852 crore through an amnesty scheme for exporters, allowing them to settle default on export obligations. The scheme was announced in the new Foreign Trade...

India's Economic Growth: UN Expert Highlights Strong Performance

May 17, 2024 11:38

India's economy is projected to grow by 6.9% in 2024, driven by strong public investment and resilient private consumption. The UN expert highlights India's robust growth performance and increased...

India's Economy Booms: UN Expert Highlights Investment Shift

May 17, 2024 07:40

India's economy is booming, with robust growth and a shift in investment away from China. The UN projects 6.9% growth in 2024 driven by strong public investment and resilient private consumption.

India's Economy to Grow 7% in 2024: UN

May 17, 2024 07:31

The UN revised India's 2024 growth projection upwards to 7%, citing strong public investment and resilient private consumption. The global economy is also expected to see a modest recovery in 2024.

India's Exports to Cross USD 500 Billion in FY25: FIEO

May 16, 2024 14:32

India's merchandise exports are expected to rise 12-15% to USD 500 billion in FY25, driven by strong growth in traditional markets like the US and Europe. Services exports are also expected to...

India's Exports Rise 1% in April, Trade Deficit Widens

May 15, 2024 17:03

India's merchandise exports increased by 1% to USD 34.99 billion in April, while the trade deficit widened to a four-month high of USD 19.1 billion.

Rupee Gains 1 Paisa to 83.50 vs US Dollar

May 15, 2024 15:59

The Indian rupee edged up 1 paisa to close at 83.50 against the US dollar on Wednesday, driven by a retreat in the American currency. However, foreign fund outflows and weak domestic equities...

India's Exports Rise Marginally to USD 34.99 Billion in April

May 15, 2024 14:27

India's merchandise exports in April 2024 rose to USD 34.99 billion, while imports increased to USD 54.09 billion, leading to a trade deficit of USD 19.1 billion.

India's Imports from FTA Partners Surge 38% | GTRI

May 13, 2024 11:42

India's imports from free trade agreement partners like UAE, South Korea, and Australia grew 38% during 2019-24 fiscal years, reaching USD 187.92 billion, according to GTRI.

India's USD 1 Trillion Export Target: Infrastructure Assessment

May 12, 2024 13:09

India aims to double its merchandise exports by 2030, reaching USD 1 trillion. An ADB study is underway to assess infrastructure needs and identify key industry clusters. The report, expected by...

India's Exports to Grow 12.3% in April-June Quarter: Exim Bank

May 9, 2024 20:13

India's merchandise exports are projected to rise by 12.3% to USD 116.7 billion in the April-June quarter, driven by strong domestic growth and manufacturing momentum, according to Exim Bank.

India's Exports Rise in 115 Nations in 2023-24: Govt Data

May 9, 2024 15:14

India's exports grew to 115 countries in 2023-24, despite global uncertainties. Merchandise exports dipped but services exports rose, leading to overall export growth. India's export basket also...

India's Cotton Yarn & Fabric Exports Rise 7% to $11.7 Billion in FY24

April 26, 2024 19:16

India's cotton yarn, fabrics, and handlooms exports increased by 6.71% to USD 11.7 billion in FY24, driven by strong demand from the US and other key markets. Read more.

India's Economic Growth: Resilient & Promising - FinMin Report

April 25, 2024 14:52

India's economy continues to grow robustly with price stability and strong external sector, despite global uncertainty. FinMin report highlights key factors.

India Aims for $1 Trillion Goods Exports by 2030: Infrastructure Boost Needed

April 25, 2024 14:06

India's commerce ministry is focusing on infrastructure development to achieve a $1 trillion goods export target by 2030. The government aims to enhance port and airport capacity, boost...

Rupee Hits Lowest Level of 83.61 Against US Dollar - PTI

April 16, 2024 20:28

The Indian rupee plunged 17 paise to hit its lowest level of 83.61 against the US dollar for the second time in four weeks, driven by negative equity markets, strong greenback, and geopolitical...

Rupee Falls 14 Paise to 83.57 Against US Dollar

April 16, 2024 16:06

The Indian rupee depreciated against the US dollar on Tuesday, influenced by negative domestic equities, a strong greenback, and geopolitical tensions. Forex traders attributed the decline to a...

Rupee Falls 9 Paise to 83.53 vs Dollar: Strong US Currency, Oil Prices Weigh

April 16, 2024 09:56

The Indian Rupee depreciated 9 paise to 83.53 against the US Dollar in early trade, driven by a strong greenback and higher crude oil prices. Domestic equities and foreign fund outflows also...

India's Exports Dip in March, FY24 Trade Data

April 15, 2024 20:04

India's merchandise exports declined marginally in March, with FY24 exports down 3.11%. Trade deficit narrowed due to lower imports, but gold imports surged.

India's Exports Dip in March, FY24 Shipments at USD 437 Billion

April 15, 2024 16:26

India's merchandise exports declined slightly in March, reaching USD 41.68 billion. The overall trade deficit is estimated to improve significantly in 2023-24.

India's Exports Grow to Europe & Latin America in 2023

April 5, 2024 16:14

India's merchandise exports registered healthy growth in 2023 to European nations like Romania, Austria and Latin American countries like Guatemala, despite global headwinds.

India's Exports Expand to New Markets: Africa, Central Asia & More

February 25, 2024 10:10

India's exports have diversified, venturing into new markets in Africa, Central Asia and Latin America, driven by growth in automobiles, gold jewelry and other commodities.

India Economy Outlook Bright: 7% GDP Growth Expected in FY25 - FinMin

February 20, 2024 20:51

India's economy is projected to grow at 7% in FY25, driven by strong domestic demand and a positive global outlook. However, geopolitical tensions and global slowdown pose risks.

Indian Economy Outlook Bright: 7% GDP Growth Expected in FY'25 - FinMin Report

February 20, 2024 19:13

India's economy is projected to grow at 7% in FY'25, driven by strong domestic demand and government investments. However, global headwinds remain a concern.

RoDTEP Scheme Extended to SEZs & EOUs: Commerce Ministry

February 18, 2024 11:03

India's commerce ministry extends export benefits under the RoDTEP scheme to companies in special economic zones (SEZs) and export oriented units (EOUs).

India's Exports Rise 3.12% in January Despite Red Sea Crisis

February 15, 2024 18:01

India's exports grew 3.12% in January despite the Red Sea crisis, while the trade deficit narrowed to a nine-month low. Crude oil imports rose 4.33%, gold imports surged 174%.

India's Merchandise Exports to Moderate in FY24: Exim Bank

February 7, 2024 19:31

Exim Bank predicts India's merchandise exports to reach USD 435.3 billion in FY24, with a 3% growth in the March quarter. Read about the factors influencing export trends.

India Export Boost: High Capex, Railway Corridors & Seafood Focus

February 6, 2024 15:36

Interim Budget announcements, including high capex, railway corridors & seafood export targets, aim to boost India's exports, say exporters. Focus on innovation & infrastructure are also key.

PLI Scheme Simplification: GTRI Suggests Changes for Faster Incentives

February 4, 2024 14:02

GTRI urges government to simplify PLI scheme criteria for faster disbursement of incentives and boost domestic manufacturing. The think tank highlights concerns about slow progress and suggests a...

SEZ Reforms: Smooth Goods Movement, Enhanced Competitiveness - Commerce Secretary

January 27, 2024 16:41

India's Commerce Secretary highlights SEZ reforms aimed at facilitating smooth goods movement between SEZs and domestic markets, ensuring export competitiveness. He also emphasizes the importance...

India's Exports Edge Up in Dec, Trade Deficit Narrows

January 15, 2024 20:33

India's exports rose 1% to USD 38.45 billion in December, while the trade deficit narrowed to USD 19.8 billion, driven by declining imports. However, challenges remain due to global slowdown...

Boosting India's Exports: Centre & States Meet on Jan 16

January 14, 2024 12:30

India's central government, states, and exporters will meet on January 16 to discuss ways to boost exports amidst global challenges. The meeting aims to address rupee payment issues, global...

Gujarat Aims for USD 500 Billion Economy by 2026-27

January 9, 2024 13:13

Gujarat CM Patel sets a target for the state to become a USD 500 billion economy by 2026-27, aiming to contribute 10% to India's GDP. The state is showcasing its futuristic projects and investments...

Gujarat Aims for USD 500 Billion Economy by 2026-27: CM Patel

January 9, 2024 10:48

Gujarat CM Bhupendra Patel outlines plans to achieve a USD 500 billion economy by 2026-27, contributing 10% to India's GDP. The state aims to attract investments in sectors like semiconductors,...

India-EFTA FTA: Trade Deficit, Swiss Tariffs Limit Gains

January 8, 2024 12:28

India's trade deficit with Switzerland and its tariff removal on industrial goods could limit benefits from the proposed India-EFTA free trade agreement, impacting Indian exports and widening the...

India to Maintain Last Year's Export Figures: Goyal

January 3, 2024 19:03

India's Commerce Minister Piyush Goyal expresses confidence in maintaining last year's export figures despite global trade slowdown. He highlights India's growth in exports and plans for future...

India-Australia Trade Deal Boosts Engineering Exports

December 31, 2023 17:14

India's engineering exports to Australia have surged by 3% since the India-Australia ETCA came into effect, despite a 30% increase in imports. The trade deal is expected to boost bilateral trade in...

India Export Outlook 2024: Demand Uptick & Easing Inflation

December 31, 2023 11:15

India's exports are expected to exceed USD 900 billion in 2024, driven by easing inflation in developed markets, a pick up in global demand, and new trade initiatives.

RoDTEP Scheme Extended for E-commerce Exports

December 28, 2023 21:33

India extends export benefits under the RoDTEP scheme to e-commerce exporters, targeting USD 200 billion in e-commerce exports by 2030. The scheme provides tax refunds for MSMEs exporting through...

RoDTEP Benefits Extended to E-commerce Exports

December 28, 2023 18:26

India's government has extended RoDTEP benefits to e-commerce exports through post or couriers, aiming to boost SME sector participation and achieve USD 1 trillion merchandise export target by 2030.

India Fastest Growing Economy 2024: Assocham

December 28, 2023 15:40

India is expected to remain the fastest-growing major economy in 2024, driven by strong consumer demand and investment across sectors, according to Assocham.

Engineering Exports Dip in FY24: EEPC

December 28, 2023 13:18

India's engineering goods exports declined 1.81% in April-November 2023-24, with shipments to North America, EU, ASEAN, and South Asia witnessing a dip. EEPC cites factors like high-interest rates...

India's Agri Exports Vulnerable: Reliance on 5 Commodities

December 26, 2023 10:21

GTRI report highlights India's agri export dependence on 5 commodities, making it vulnerable to global price fluctuations and trade barriers.

India's Agri Exports Vulnerable: GTRI Report

December 25, 2023 16:14

A GTRI report highlights India's agricultural export vulnerability due to reliance on just 5 commodities, including rice and sugar, making it susceptible to global price fluctuations and policy...

India's Trade Growth To Slow in 2023: Report

December 17, 2023 11:01

India's overall trade is expected to decline by 2.6% in 2023, with a dip in merchandise exports, though strong performance in electronics and services sectors will help contain the fall.

India's Stock Market Soars, Rupee Gains, Gold Climbs - Business Highlights

December 15, 2023 21:11

India's Sensex breaches 71,000 mark, rupee jumps against US dollar, gold prices rise. Read the latest business news and market highlights.

Rupee Rises 27 Paise vs Dollar on Stock Rally

December 15, 2023 20:55

The Indian rupee strengthened against the US dollar on Friday, driven by foreign fund inflows and a record-breaking rally in domestic stocks.

Sensex Breaches 71,000, Nifty Hits Record High

December 15, 2023 17:12

Indian equity markets surged to new highs on Friday, with the Sensex breaching 71,000 and the Nifty hitting a fresh record. Strong macroeconomic data and easing US growth concerns boosted sentiment.

India's Exports Dip in Nov, Trade Deficit Narrows - Govt Data

December 15, 2023 17:03

India's merchandise exports declined by 2.83% to USD 33.90 billion in November, while the trade deficit narrowed to USD 20.58 billion, according to government data.

US Conducts Countervailing Probe on Indian Goods: Patel

December 13, 2023 16:50

US and EU conduct countervailing probes on Indian goods like paper file folders, aluminum sheet, and graphite electrodes, citing subsidies. Indian government defends the allegations.

Piyush Goyal to Chair Board of Trade Meeting on Exports

December 11, 2023 18:52

Commerce Minister Piyush Goyal will chair a meeting of the Board of Trade on December 17 to discuss ways to boost exports amidst global economic uncertainties. The meeting will see presentations...

EV Growth: Demand Generation & Holistic Ecosystem Key - Sulajja Firodia Motwani

December 8, 2023 20:27

Sulajja Firodia Motwani, Kinetic Green Founder & CEO, emphasizes the need for demand generation and a holistic EV ecosystem, including charging networks, for accelerated growth of the sector.

India Recognizes 114,902 Startups as of October 2023

December 6, 2023 16:04

The Indian government has recognized over 114,000 entities as startups as of October 31, 2023, making them eligible for fiscal incentives under the Startup India Action Plan.

India's Exports to Grow Despite Global Uncertainty: Goyal

December 1, 2023 19:39

India's Commerce Minister Piyush Goyal expresses confidence in export growth despite global uncertainties, citing ongoing conflicts and economic slowdown. He highlights India's recent export...

Indian Engineering Exports Grow in October | EEPC India

November 28, 2023 13:42

India's engineering exports to key markets like the UK, US, and UAE saw positive growth in October, while China, Italy, and others recorded declines. Learn more about the trends.

India Works to Boost Exports to Africa & Gulf, Addresses Trade Barriers

November 27, 2023 16:57

India's commerce ministry is tackling non-tariff barriers and market access issues to increase exports to sub-Saharan African and Gulf nations. The focus is on key sectors like food, electronics,...

Reduce Import Duties to Cut Export Schemes: GTRI

November 24, 2023 12:29

GTRI suggests India reduce import duties on inputs and capital goods to minimize the need for export schemes, citing trade law challenges.

Mumbai Property Registrations Surge 9.5% in March: Knight Frank

India Signs Record 174 APAs in 2024-25

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