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Image used for representational purposes. | Photo Credit: Reuters India’s exports grew by 6.74% to $36.38 billion in September despite global headwinds. Imports jumped 16.6% to $68.53 billion. The country’s trade deficit stood at $32.1 billion during the month. Imports surged due to the increase in imports of gold, silver, fertiliser and…
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I don’t support (imposing) tariffs on India. I think that would be really bad. It would lead to a trade war. And I don’t think it’s good for either country,” Mr. Subramanyam said. | Photo Credit: AP U.S. Congressman-elect Suhas Subramanyam has said he is opposed to imposing tariffs on India as it will lead to a…
Representational image of rice grains being winnowed at a paddy field in Kerala. India has revoked the export duty on parboiled rice | Photo Credit: K.K. Mustafah The Union Government has scrapped the export tax on parboiled rice, it said in an official order on Tuesday (October 22, 2024), as inventories across India — the…
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Exporters are worried that high freight cost could impact exports. Representational | Photo Credit: PTI There is no adverse impact on India’s exports and imports so far due to the Red Sea crisis, an official said. The official said that the transportation cost has increased as the shippers are taking a long route. “There is…