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

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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

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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