Notably, both the EU and the US adopted further price caps for seaborne Russian petroleum products including diesel and fuel oil last week.
This is an all-time high merchandise export by India. The export was driven by a sharp uptick in shipments.
The country's exports dipped by 1.11 per cent to USD 26.38 billion in October on account of contraction in sectors like petroleum and leather.In September also, exports had contracted by 6.57 per cent to USD 26 billion.
The growth of India's exports of commercial services decelerated in 2018 but remained above the world growth rate, the Economic Survey 2018-19 said. According to the survey, India had experienced a recovery in growth of exports and imports of commercial services during 2015-17, in line with the global recovery in commercial services trade.
In May 2018, India's exports rose to $28.86 billion from $24.01 billion worth of merchandise shipped out during the corresponding month of last year
However, on a year-on-year (Y-o-Y) basis, the exports for January grew by 9.07 per cent to $24.38 billion from $22.35 billion reported for the corresponding month of last year.
India’s exports recorded a healthy 27.59 per cent growth for the month of March 2017, according to the official data.
New Delhi: The gems and jewellery sector, one of the focus areas of the ambitious ‘Make in India' programme, may get incentives in the Union Budget next month.The sector contributes significantly to growth in the
New Delhi: India's exports grew by 10.22 per cent to $26.4 billion in June this year while imports stood at $38.24 billion, up by 8.33 per cent, leaving a trade deficit of $11.76 billion, according
New Delhi: Export growth eased to a five-month low of 5.86 percent in November due to a fall in shipments of petroleum goods and rough diamonds, although the trade deficit narrowed as gold imports declined."Three
New Delhi, Jan 12: India's exports dropped 1.92 percent to $24.87 billion in December, registering a decline for the eighth month in a row due to weak demand in Europe and North American markets, government
New delhi, Apr 13: Braving slowdown in the U.S. and Europe, India's exports crossed $300 billion in 2011-12, but rising import bill pushed by high crude oil prices and the country's obsession with bullion sent
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