Tag: Sunil Barthwal

Exports grew 9%, but trade gap widened to 7-month high in May

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Exports grew 9%, but trade gap widened to 7-month high in May

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…

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U.S., Korea raise concerns on India’s decision to impose import restrictions on laptops, computers

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U.S., Korea raise concerns on India’s decision to impose import restrictions on laptops, computers

On August 3, India imposed import restrictions on a host of IT hardware products such as laptops, personal computers (including tablet computers), micro computers, large or mainframe computers, and certain data processing machines with a view to boost domestic manufacturing and cut imports from countries like China. | Photo Credit: Elise Amendola The U.S., China,…

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