The country’s merchandise exports are likely to cross USD 500 billion this fiscal due to healthy demand for domestic goods in key global markets, including the US, and benefits from trade pacts, according to exporters. They said that other destinations like Russia would give a huge boost to the country’s outbound shipments, particularly in the … Read more
Trade with Russia in rupees will soon start as top lender State Bank of India has agreed to facilitate the new mechanism, the Federation of Indian Export Organisations (FIEO) president A Shaktivel said on Wednesday. India’s exports to Russia took a hit after the West imposed sanctions on Moscow for its late-February military offensive against … Read more
Indian exporters across products — from apparel and agricultural commodities to consumer electronics and furniture — are staring at a slump in exports due to a global shortage of containers, and a resultant jump in freight rates, prompting many to seek government intervention. A severe container shortage – triggered by massive congestions at Chinese ports … Read more
Apex trade promotion body FIEO on Saturday said it will handhold startups, artisans and farmers to facilitate their entry into the field of exports and engage with Indian diaspora to boost the country’s outbound shipments. The Federation of Indian Export Organisations (FIEO) also said support of the government will help in achieving USD 400 billion … Read more
Led by petroleum products, gems and jewellery, and engineering goods, India’s exports rose 47.9% on-year to a record $35.17 billion in July. Preliminary data released by the government showed that India’s merchandise exports in July were an increase of 34% over July 2019. Imports were at the second highest at $46.4 billion, leaving a wider … Read more
India’s labour-intensive exports such as leather, garments, gems & jewellery and carpets lost market share globally in the calendar years 2015-19 even as exports of raw material and semi-finished products like metals and chemicals exceeded global imports growth in the five-year period, a study done by the Federation of Indian Export Organisations (FIEO) showed. Global … Read more
Higher global demand, especially for engineering goods, chemicals and low-value lifestyle products such as carpets, has made Indian exporters’ order books improve by almost 40% compared to the pre-Covid-19 period, with handicrafts, ceramic products and cotton yarn/fabrics showing signs of further strengthening amid a drop in new cases in the United States and despite another … Read more