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Friday, March 29, 2024
TopicExports

Topic: Exports

As geopolitics, economic woes slow petroleum exports to US & EU, India finds new markets in Asia, Africa

Data shows that India’s refined petroleum exports went from $96.57 billion in FY23 to $61.41 billion in FY24. Experts say decline is mainly due to Russia-Ukraine war.

China’s exports see 4.6% fall in 2023, first drop since 2016

Exports fall to $3.38 trillion. This highlights a larger slowdown in global economy, while US & allies continue to push for friendshoring supply chains.

As China-US trade war escalates with fresh export curbs, India & rest of the world caught in middle

China has announced export controls on graphite days after US instituted curbs on semiconductor chips. Countries like India, in process of transitioning to green energies, to be affected.

Curious case of India’s solar cell industry: Exports up 12x, but domestic power producers still import

New Delhi: Actions taken by the US on curbing solar cell imports from China have meant Indian exports of these items jumped 12-fold in...

India hopes to raise exports to UAE to $50 billion by 2027, says trade secretary

The country's exports to the Gulf nation in the electrical machinery & equipment and automobiles sectors grew by 32% & 42% respectively year-on-year between April 2022-March 2023.

Focus on rupee trade, e-commerce exports: Key highlights of Foreign Trade Policy 2023

New FTP expects e-commerce exports to grow up to $200-300 billion by 2030. It also proposes reduced licence fees for MSMEs, provisions for merchanting trade & more.

Merchandise and services exports rise in February, despite global weakness

February merchandise exports were $33.88 billion, up from $32.91 billion in January, while imports rose to $51.31 billion from $50.66 billion, data showed.

‘Could be a game changer’ — Amazon India wants trade policy tweak to ease exports via e-commerce

Bhupen Wakankar, director of global trade at Amazon India, says e-commerce export is the simplest way for any business to get access to international buyers.

Exports may see tepid growth in 2023, says Finance Ministry

Global trade growth fell in 2022, 'and is expected to be still lower in 2023 with a further decline in volume & value of trade on the back of slowing global output,' the ministry said.

Economic Survey calls for close watch on India’s current account deficit, flags external risks

Strong domestic demand amidst high commodity prices will raise total import bill and contribute to unfavourable developments in the current account balance, warns report.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.