Tag: Ministry of Commerce and Industry

Government removes registration requirement for small exporters in bid to reduce compliance burden

September 16, 2026 admin

The Government has exempted small exporters from having to officially register, in a bid to reduce compliances and facilitate exports through post, courier and other emerging channels, the Ministry of Commerce and Industry announced on Wednesday (September 16, 2026). “The Government has introduced a de minimis exemption from the requirement of Registration-cum-Membership Certificate (RCMC) or…

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Growth in core sectors slows to 5.4% in July 2026

August 20, 2026 admin

The data on the Index of Core Industries (ICE) released by the Ministry of Commerce and Industry, however, showed that July’s growth was still the second-fastest in seven months. (Representational image) | Photo Credit: Getty Images/iStockphoto Economic activity in India’s core industrial sectors saw growth slow to 5.4% in July 2026 from 6% in June,…

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Core upgrade: On the Index of Core Industries

July 23, 2026 admin

The Index of Core Industries (ICI) has finally joined the country’s other economic metrics in becoming up-to-date and representative of the economy. The other metrics such as the national accounts, Consumer Price Index (CPI), Wholesale Price Index (WPI), and the Index of Industrial Production (IIP) were updated earlier this year, although even those were after…

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Essential upgrades: On upgrades to India’s statistical databases

June 18, 2026 admin

The government has, in recent months, implemented several long-overdue but welcome upgrades to India’s statistical databases. Wide-ranging, they cover the way the country measures Gross Domestic Product (GDP), industrial production, and price changes at the retail, wholesale, and producer levels. These updates have not only made India’s key economic statistics more representative of reality, but…

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