India Exports
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India will be big export economy; to benefit from open and connected internet: Sundar Pichai
•While speaking at Google for India event, Sundar Pichai said that the company is focussing on startups from India and out of its USD 300 million for the startups, around one-fourth will be invested in entities that are led by women
PM Modi exhorts exporters to achieve long-term export targets
•Inaugurating the new Vanijya Bhawan, Prime Minister Modi said the government has removed over 32,000 unnecessary compliances
Exports rise by 15.46% to $37.3 billion in May; trade deficit balloons to $23.33 billion
•Meanwhile, imports during May 2022 grew by 56.14 per cent to $60.62 billion and the trade deficit stood at $6.53 billion in the same month last year, according to the commerce ministry
Export ban decisions based on domestic needs, checking hoarders: Piyush Goyal
•Talking about the decisions during a session on global trade at the World Economic Forum Annual Meeting, Piyush Goyal said a lot of misconceptions are doing the rounds on this issue
India's exports up 20 to $42 billion in March; reaches $420 billion in FY22
•While total exports during 2021-22 increased to a record high of $419.65 billion, imports too soared to $611.89 billion, leaving a trade gap of $192.24 billion.
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.
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
US to terminate India as GSP beneficiary: Will India approach WTO against Trump administration's threat?
Manya Gupta •The GSP contains a list of countries and products which are allowed entry into the USA duty-free or on payment of lesser duties.
Steel, aluminium tariffs: India, US to hold talks in Geneva next week
•In May, India dragged the US to the WTO dispute settlement mechanism over the imposition of import duties on steel and aluminium.
#ModiInAfrica: India to lend Kenya $45 million to boost manufacturing sector
•Kenyatta said $30 million of the funds would be used to revive Rift Valley Textiles Factory, which went out of business in 2000.