Tuesday, 17 May, 2022
TopicIndian imports

Topic: Indian imports

Why India’s exports bucked trend, showed higher growth than imports in 3 quarters of 2021-22

Merchandise exports touched $301.38 billion in April-December 2021, a 26.49% increase over same period in 2019. Imports touched $443.82 billion for the same period, a 21.87% increase.

Liberal palm oil import rules will harm self-sufficiency, say farmers & traders, seek review

As edible oil prices hit record highs, govt reduced duty on crude palm oil to 10% from 15%. To further cool down prices, licence-free import of palm oil products was allowed till 31 Dec.

India’s exports rise by 46.43% to $14.06 billion crore during first half of June

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.

India’s exports grow by over 67% to $32.21 billion in May, trade deficit at $6.32 billion

According to data released by the commerce ministry, exports in May stood at $19.24 billion in 2020 and was at $29.85 billion in 2019.

India’s exports jump to $30.21 billion in April, trade deficit widens to $15.24 billion

Imports rose by over three-folds to $45.45 billion last month as against $17.09 billion in April 2020, according to data released by the commerce ministry.

Ladakh shows Russia won’t choose between India and China. It doesn’t want to

US sanctions on Russia as well as its determination to paint Vladimir Putin as the bad guy is driving Moscow into Beijing’s arms. Make no mistake, this is a willing embrace.

RCEP would’ve led to flood of imports into India. Reform is a better way to boost exports

India hasn’t signed the RCEP, leading to concerns that it will get isolated. But it’s a China-centric deal that would have few advantages for India’s exports.

NSG & ITBP allow foreign bidders for sniper rifles, months before embargo kicks in 

The 7.62x51mm sniper rifle is one of 101 items on the negative import list issued in August. Its import embargo kicks in December.

India’s exports dip by 12.66%, imports by 26% in August, trade deficit at $6.77 billion

The contraction in August was higher than in July (10.21 per cent) and June (12.41 per cent). Oil imports also declined by 41.62 per cent to $6.42 billion in the month.

Green tea to underpants, China’s grip on Indian lives goes beyond phone apps

There is no way Indians can live without most of the 8,000-odd stuff the country imports from China. So it's just better to wait for the tensions at LAC to simmer down.

On Camera

YourTurn

Pakistan Prime Minister-elect Shehbaz Sharif on 7 April | Photographer: Aamir Qureshi/AFP/Getty Images via Bloomberg

The four-point plan to revive Pakistan’s economy—from land reform to real estate

Pakistan must reduce non-productive expenditures like defence. The country's political economy has been overdetermined by the imperative of 'national security'.

Bad timing could hamper LIC IPO

Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.

Defence

Representational image of army personnel in Ladakh | ANI

India ‘doesn’t foresee’ border fighting with China, but ‘won’t back down’ if tensions reignite

Aim is to ensure not just disengagement of troops, but overall de-escalation. Govt in favour of solving tensions through talks as it wants peace with all neighbours including China.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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