Commerce ministry shares list of 102 items to ministries for enhancing domestic capacity to cut imports

Commerce ministry shares list of 102 items to ministries for enhancing domestic capacity to cut imports

The commerce ministry has shared a list of as many as 102 products whose imports are high and are increasing consistently – such as coking coal, certain machinery, some chemicals, and digital cameras – to different ministries to look at ways for enhancing their domestic capacity with an aim to reduce imports, an official said. … Read more

India’s September trade deficit in goods at $2.91 billion

India’s September trade deficit in goods at .91 billion

India posted a trade deficit of $2.91 billion in goods in September, data released by the government showed on Friday. Merchandise imports contracted 19.60% in September to $30.31 billion from a year ago while exports rose 5.27% to $27.40 billion, data from the Ministry of Commerce and Industry showed. Total merchandise imports fell by 40.06% … Read more