New Delhi: Electronics exports could rise to take the place of petroleum products as the second-most shipped category, as the US dissuades Indian refiners from buying Russian crude. India’s electronics exports are rising speedily up the ranks, having strengthened position as the country’s third — and fastest-growing — overseas sales category in the first six … Read more
Shares of shrimp and textile exporters sank as much as 12% on Thursday after U.S. President Donald Trump’s 50% tariff on Indian imports came into force, eroding competitiveness and triggering a broad selloff in some of India’s most export-dependent companies. Shares of India’s leading shrimp exporters fell, with Avanti Feeds down 4% to Rs 614.05, … Read more
New Delhi: The commerce and industry ministry will on Friday meet officials of finance and shipping ministries and industry stakeholders to discuss tax related issues in the maritime sector. Officials said that India’s proposed Vessel Sharing Agreements could be discussed at the meeting which is being held amid exporters witnessing high air and shipping freight … Read more
New Delhi: Robust exports performance in electronic goods, particularly smartphones, and services sectors will help India contain the fall in growth rate of overall trade, which is expected to decline by 2.6 per cent in the current year, a report said. Economic think tank Global Trade Research Initiative (GTRI) in its report said that despite … Read more
Team effort: Sonia Gandhi, second from right, and other leaders at the second day of the joint Opposition meeting in Bengaluru. | Photo Credit: ANI Coalitions of ‘negativity’ never successful, says PM The 25-year-old National Democratic Alliance (NDA) is a “coalition of contributions and not compulsion”, with development as its main agenda, Prime Minister Narendra Modi said on July 18, drawing … Read more
MUMBAI | NEW DELHI: A surge in India’s services exports, which hit a record high in the October-December quarter, is expected to shield the economy from external risks as a slowing global economy will likely weigh on the country’s merchandise exports. Service exports are no longer being driven by IT services alone but also by … Read more
Kolkata: Driven by sharp fall in exports of iron and steel and economic slowdown in key markets including EU and China, engineering goods exports witnessed a 9.8 per cent year-on-year decline in January to $ 8.41 billion. Cumulative engineering exports during April-January 2022-23 also declined by 3.68 per cent year-on-year to US$ 88.27 billion. In … Read more
India’s economy picked up speed in December as business conditions improved, marking a rebound for the South Asian nation that had showed signs of a slowdown the preceding month. The needle indicating so-called animal spirits moved right after holding steady for five straight months — indicating stronger overall economic activity as 2022 drew to a … Read more
Last month, the Reserve Bank of India (RBI) pegged the country’s Gross Domestic Product (GDP) growth for the quar ter ending September at 6.1-6.3%. “If this is realised, India is on course for a growth rate of about 7 per cent in 2022-23,” the central bank stated in its monthly bulletin. Earlier this week, the … Read more
Country’s electronic goods exports surged about 42 per cent to nearly Rs 1.17 lakh crore in the last fiscal, government informed Parliament today. The country has witnessed a huge jump in both manufacturing and exports of electronic goods in the last five years, Minister of state for electronics and IT Rajeev Chandrasekhar said in a … Read more