The idea was pitched by Piyush Goyal last week. It will help Indian goods penetrate African markets and compete with Chinese goods, says FIEO CEO Ajay Sahai.
Exports of cereals witnessed highest spike between April-August 2020 and April-August 2021, according to govt data. Meat, dairy and poultry exports record spurt too.
Despite Covid, agricultural exports boomed in 2020-21. Export earnings can go up if India shifts focus from primary processed agricultural commodities to value added processed food products.
In address to heads of Indian missions and other trade and commerce stakeholders, Modi cites scrapping of retrospective tax as a sign of consistency in govt policies.
The commerce ministry said that India's imports in June 2021 grew by 96.33% to $41.86 billion from $21.32 billion last year and thus India is currently a net importer.
Exports of sectors such as engineering, gems and jewellery and petroleum products recorded healthy growth rates. During the same period, imports too rose by 98.33% to $19.59 billion.
According to the govt data, exports rose by 69.35% while imports grew by 73.64% to $38.55 billion in May 2021, from $222 billion in the same month a year ago.
Greens have a sizeable support in the Western countries with clean air and blue skies, but not in India, where poisonous air, water and soil kill millions.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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