India's exports contracted by 6.57 per cent to USD 26 billion in September mainly due to significant dip in shipments from key sectors such as petroleum, engineering, leather, chemicals, and gems & jewellery.
As part of the steps taken to boost exports, India will organise annual mega shopping festivals, similar to the ones held in Dubai, to facilitate exchange between global producers and consumers, Finance Minister Nirmala Sitharaman said on Saturday.
India's exports dropped by 6.05 per cent to USD 26.13 billion in August compared to the year-ago month, official data released on Friday showed.
"Cooperative Sector Exports Promotion Forum (CSEPF) has been set up in National Cooperative Development Corporation (NCDC) which will work with 20 states and union territories in the area of export," Goyal said at a press conference here.
The company, which makes two-wheelers and three-wheelers, had sold 3,13,614 units in the same month last year, TVS Motor Co said in a statement.
As per the data furnished by the Ministry of Commerce and Industry, electronic goods, organic and inorganic chemicals, drugs and pharmaceuticals and engineering goods showed high export growth during the month under review.
India's services exports rose by 6.6 per cent to USD 17.94 billion in March, according to the data released by the Reserve Bank Wednesday.
On the prices front, the report said, reversal in food prices that have remained unusually low are likely to push up inflation.
According to trade data released by the commerce ministry, in last December, exports grew by 0.34 per cent (lowest in three months), while imports entered negative zone, registering a decline of 2.44 per cent to USD 41 billion.
"While India has focussed on innovation, infrastructure, structural reforms and ease of doing business, a lot of work still needs to be done on gender parity and exports and ensuring that India has growth with equity," Kant said while addressing the 98th Annual Session of Assocham here.
October 2018 figures promise to be as per the ongoing six-month trend again, "the Ministry said in its review statement.
Earlier in July, the government enhanced the duty benefits to 10 per cent under the Merchandise Export from India Scheme (MEIS) for certain agriculture and dairy sector items.
"Integrated security systems are a group of technical protective means intended for organization of alarm security subsystems, monitoring of access control subsystems, monitoring of CCTV subsystems and performance of warning functions," Nikiret Director Vadim Pervuninskikh said in a statement.
Exports aggregated at USD 302.84 billion in 2017-18 as compared to USD 275.85 billion in the previous fiscal.
US exports to India continue to face barriers as Indian customs officials generally require extensive documentation, leading to frequent and lengthy processing delays, Trump administration has alleged.
As many as 70,000 workers were hit by the sharp fall in merchandise exports as it cost them their jobs in Q2 2015-16, a report stated. A joint study conducted by Assocham and Thought Arbitrage
New Delhi:Declining for 16th straight month in March, exports contracted by 5.47 per cent to USD 22.71 billion in the month as shipments of petroleum and engineering products shrunk sharply due to tepid global demand.
Exports dipped for the 15th month in a row, down by 5.66 per cent in February at USD 20.73 billion, due to contraction in shipments of petroleum and engineering goods.
Mumbai: Canada-based passenger trains manufacturer Bombardier has said it is in plans to develop India as the exports hub for its products and solutions to cater to Europe, South America and the Middle East markets."With
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