Exports

Exports News

India takes another step towards becoming pharmacy of the world as exports grow by 103% since 2013-14
Business

India takes another step towards becoming pharmacy of the world as exports grow by 103% since 2013-14

India's top five pharma export destinations are the US, UK, South Africa, Russia and Nigeria.

Passenger vehicle exports from India rise by 43 percent in FY22
Auto

Passenger vehicle exports from India rise by 43 percent in FY22

Maruti Suzuki India (MSI) led the vertical last fiscal, followed by Hyundai Motor India and Kia India at second and third positions, respectively.

India gets market access for exporting banana, baby corn to Canada
Business

India gets market access for exporting banana, baby corn to Canada

The decision was taken after negotiations between Agriculture Secretary Manoj Ahuja and Canadian High Commissioner H E Cameron MacKay on 7 April

India's exports rise to record high of $418 billion in FY22, says Centre
Business

India's exports rise to record high of $418 billion in FY22, says Centre

Outbound shipments touched an all-time monthly high of $40.38 billion in March 2022, Commerce and Industry Minister Piyush Goyal told reporters

Government further extends foreign trade policy till 30 September
Business

Government further extends foreign trade policy till 30 September

On 31 March, 2020, the government had extended the Foreign Trade Policy 2015-20 for one year till 31 March, 2021, amid the coronavirus outbreak and the lockdown

India achieves highest ever goods export target of $400 billion; PM Modi lauds key milestone
India

India achieves highest ever goods export target of $400 billion; PM Modi lauds key milestone

Modi posted a graphics of India achieving the highest ever exports target nine days ahead of the intended deadline.

India-China trade grows to record $125 billion in 2021 despite tensions in eastern Ladakh
India

India-China trade grows to record $125 billion in 2021 despite tensions in eastern Ladakh

China's exports to India from January to December rose 46.2 percent to $97.52 billion, while India's exports to China grew by 34.2 percent to $28.14 billion

Exports surge 37% on annual basis to a record $37.29 billion in December, shows govt data
India

Exports surge 37% on annual basis to a record $37.29 billion in December, shows govt data

Addressing a press conference, commerce minister Piyush Goyal said India's exports of goods will cross $400 billion this fiscal

India on track to achieve historic highs in exports, says Piyush Goyal
India

India on track to achieve historic highs in exports, says Piyush Goyal

Goyal said India is on course to achieve $ 400 billion of merchandise exports in the current financial year

India's exports rise by 22.63 percent to $33.79 billion in September, shows official data
India

India's exports rise by 22.63 percent to $33.79 billion in September, shows official data

Merchandise imports stood at $56.39 billion in September, an increase of 84.77 percent compared to the year-ago period.

India's exports jump 45% to $33.14 bn in August 2021; trade deficit at $13.87 billion
Sports

India's exports jump 45% to $33.14 bn in August 2021; trade deficit at $13.87 billion

The exports during April-August 2021 stood at $163.67 billion, an increase of 66.92 percent over $98.05 billion in the same period a year ago, the data showed

Indian tea prices jump to new record as floods in Assam, coronavirus outbreak slash output
India

Indian tea prices jump to new record as floods in Assam, coronavirus outbreak slash output

Production losses have already pushed weekly auction prices to a record of Rs 232.60 per kilogramme, up 57 percent from a year ago, according to the Tea Board

Mahindra and Mahindra vehicle sales dip 79% in May to 9,560 units, exports fall 80%
Business

Mahindra and Mahindra vehicle sales dip 79% in May to 9,560 units, exports fall 80%

Auto major Mahindra & Mahindra (M&M) on Monday reported a steep 79 percent decline in total sales at 9,560 units in May

Coronavirus Lockdown: Hyundai Motor India sales decline 79% in May to 12,583 units, exports down 66%
Business

Coronavirus Lockdown: Hyundai Motor India sales decline 79% in May to 12,583 units, exports down 66%

Hyundai Motor India Ltd (HMIL) on Monday reported a 78.7 percent decline in total sales at 12,583 units in May

Coronavirus Lockdown: Commerce minister Piyush Goyal expects better exports performance in May, June
Business

Coronavirus Lockdown: Commerce minister Piyush Goyal expects better exports performance in May, June

The performance of the country's exports is expected to be better in May and June as compared to the steep fall recorded in April, when the shipments contracted to an all-time high of 60.28 percent, Commerce and Industry Minister Piyush Goyal said on Thursday

RBI monetary policy: Central bank extends Rs 15,000-cr credit line to EXIM Bank to help revive sagging foreign trade
Business

RBI monetary policy: Central bank extends Rs 15,000-cr credit line to EXIM Bank to help revive sagging foreign trade

The Reserve Bank on Friday announced a Rs 15,000-crore line of credit to the Export-Import Bank of India, to help the sagging foreign trade

Govt for anti-dumping duty on digital printing plates by China, Japan, 3 other nations; move aims at shielding local industry
Business

Govt for anti-dumping duty on digital printing plates by China, Japan, 3 other nations; move aims at shielding local industry

The authority is of the view that imposition of anti-dumping duty is required to offset dumping and injury, DGTR said

Coronavirus impact: Barclays pegs India's current account surplus at $20 bn this fiscal, first-time in 14 years
Business

Coronavirus impact: Barclays pegs India's current account surplus at $20 bn this fiscal, first-time in 14 years

As imports continue to plunge due to the coronavirus-driven disruptions globally, India may end the current fiscal with a record surplus of about $20 billion or 70 bps of the GDP, says a report

IOC nears first deal to export fuel in second half of this year to Bangladesh Petroleum Corp
Business

IOC nears first deal to export fuel in second half of this year to Bangladesh Petroleum Corp

India Oil Corp, the country’s top refiner, is close to winning its first contract to supply diesel, jet fuel and gasoline in the second half of this year to state-run Bangladesh Petroleum Corp, two sources with knowledge of the matter said

Pandemic throws global economy into deeper decline; govts, central banks around world unleash fiscal support to tide over crisis
Business

Pandemic throws global economy into deeper decline; govts, central banks around world unleash fiscal support to tide over crisis

Separate data on Thursday showed South Korea’s trade-reliant economy, Asia’s fourth-largest, shrank at its fastest pace since 2008 as self-containment measures kept shops closed and slumping global demand hurt exports.