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Union Minister of Commerce and Industry Piyush Goyal. File | Photo Credit: PTI We are very confident that the Indian economy is poised for both healthy and organised growth and providing opportunities to lakhs of people across India, Union Minister Piyush Goyal said Healthy increase in the country’s exports, improvement in the current account deficit…
The textile sector grew 9.8% in May, after months of sluggishness. File | Photo Credit: M. Periasamy India’s goods exports grew 9.1% to $38.13 billion in May, while imports rose 7.7% to $61.91 billion, Commerce Secretary Sunil Barthwal said on Friday, stressing that things are looking “more optimistic for foreign trade this year”. Even the…
Read More “Exports grew 9%, but trade gap widened to 7-month high in May” »
Image for representation. | Photo Credit: The Hindu The Netherlands has emerged as India’s third largest export destination after the U.S. and UAE during 2023-24, even as the country’s merchandise shipments dipped by over 3%, according to the Commerce Ministry data. The main commodities which registered healthy exports growth in the Netherlands include petroleum products…
Read More “Netherlands emerges as India’s 3rd largest export destination in 2023-24” »
Major shipping lines are avoiding the Suez Canal and are rerouting vessels around the Cape of Good Hope, which has increased time and costs for exporters. File | Photo Credit: KK Mustafah Sustained disruptions in the Red Sea route is likely to raise the freight and forwarding (F&F) cost by 25-30% for corporates largely dealing…
Workers packing bananas for export at a packaging unit near Chinnamanur in Theni district, Tamil Nadu. | Photo Credit: KARTHIKEYAN G With successfully exporting a trial shipment of fresh bananas to the Netherlands through sea route, India is now aiming to increase exports of this fruit to $1 billion in the next five years, an…
Read More “India aims at $1 billion fresh banana exports in next 5 years” »
Representational file image | Photo Credit: K.R. Deepak India’s goods exports shrank for the seventh successive month in August, but the pace of decline eased to 6.86% from double digit contractions in recent months, with shipments worth $34.5 billion in the month. The merchandise Import bill for August dropped 5.23% year-on-year to $58.64 billion, but…
