India’s surging services exports may shield economy from external risks

India’s surging services exports may shield economy from external risks

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

FIEO pitches for setting up of a committee to evaluate import trends

FIEO pitches for setting up of a committee to evaluate import trends

The Federation of Indian Export Organisations (FIEO) has suggested the commerce ministry to set up a committee to evaluate the country’s import trends and encourage domestic production of such products to reduce the widening trade deficit. The issue was raised by FIEO Chairman A Sakthivel during a meeting, chaired by Commerce and Industry Minister Piyush … Read more