India appeals against WTO panel’s ruling on export promotion measures

New Delhi: India on Tuesday appealed against a World Trade Organization (WTO) dispute settlement panel’s ruling that had recommended withdrawal of its key export subsidy schemes, including the one for special economic zones in the next 90-180 days. India filed an appeal before the organisation’s Appellate Body on Tuesday. On October 31, the WTO had … Read more India appeals against WTO panel’s ruling on export promotion measures

View: Exports are committee-and ministry-proof, and past surges anticipated by neither

Indian exports have grown very little since 2013. No economy in the world has had GDP growth of 7% for a long period — the definition of a miracle economy — without double-digit export growth. Hence, the recent fall in India’s GDP growth — just 5% in the April-June quarter — may become the new … Read more View: Exports are committee-and ministry-proof, and past surges anticipated by neither

New foreign trade policy may have simpler export promotion schemes

NEW DELHI: The commerce ministry is considering rationalising and simplifying certain export promotion schemes such as EPCG in the next foreign trade policy, which provides guideline and incentives for increasing shipments, an official said. The ministry is in consultation with all stakeholders for the preparation of the next policy (2020-25), as the validity of the … Read more New foreign trade policy may have simpler export promotion schemes

September trade deficit narrows slightly to $10.86 billion

NEW DELHI: Decline in outward shipments of petroleum, engineering, leather, chemicals, and gems & jewellery made India’s exports contract 6.57% to $26 billion in September while a steeper contraction in imports of 13.85% to $36.89 billion helped narrow the trade deficit to a seven-month low $10.86 billion. Trade deficit in September 2018 was $14.95 billion. … Read more September trade deficit narrows slightly to $10.86 billion

Exports Decline 6% To $26.13 Billion; Trade Deficit Narrows

India’s exports dropped by 6.05 per cent to $26.13 billion in August compared to the year-ago month, official data released on Friday showed. Imports too declined by 13.45 per cent to $39.58 billion, narrowing trade deficit to $13.45 billion in August. The deficit was $17.92 billion in August last year. Export sectors that recorded positive … Read more Exports Decline 6% To $26.13 Billion; Trade Deficit Narrows

Exports decline 6 per cent to $26.13 billion; trade deficit narrows

NEW DELHI: India’s exports dropped by 6.05 per cent to USD 26.13 billion in August compared to the year-ago month, official data released on Friday showed. Imports too declined by 13.45 per cent to USD 39.58 billion, narrowing trade deficit to USD 13.45 billion in August. The deficit was USD 17.92 billion in August last … Read more Exports decline 6 per cent to $26.13 billion; trade deficit narrows

July trade deficit narrows to $13.43 billion

NEW DELHI: India’s trade deficit in July narrowed to $13.43 billion from $18.63 billion a year ago, the trade ministry said in a statement on Wednesday, helped by lower oil import bill.Oil imports dived 22.15% to $9.60 billion in July from $12.33 billion in a year-ago period.Merchandise exports rose 2.25% to $26.33 billion in July … Read more July trade deficit narrows to $13.43 billion

India’s trade deficit widened with 25 major countries in 3 years

NEW DELHI: India‘s trade deficit, difference between imports and exports, has widened during the past three years with as many as 25 major countries including South Korea, Japan, Germany, Iraq and Saudi Arabia, Parliament was informed Wednesday. Commerce Minister Piyush Goyal said in a written reply to the Lok Sabha that trade deficit depends upon … Read more India’s trade deficit widened with 25 major countries in 3 years

Trade Deficit widens to $15.33 billion in April

Trade deficit for the month of April has widened to $15.33 billion, mainly on the back of increased imports and lower growth in exports. India’s exports rose marginally by 0.64 per cent in April to USD 26 billion while imports increased by 4.5 per cent to 41.4 billion compared to the year-ago month, according to … Read more Trade Deficit widens to $15.33 billion in April

pharmaceutical industry: Exports grow 11% in March; trade deficit narrows

NEW DELHI: India’s exports grew by 11 per cent to USD 32.55 billion in March on account of higher growth in sectors including pharma, chemicals and engineering, government data showed Monday. Imports rose by 1.44 per cent to USD 43.44 billion during the month. However, trade deficit narrows to USD 10.89 billion as compared to … Read more pharmaceutical industry: Exports grow 11% in March; trade deficit narrows

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