Category: EXIM
Current account deficit: Making sense of India’s burgeoning import bill
Current account deficit: Making sense of India’s burgeoning import bill https://economictimes.indiatimes.com/opinion/et-commentary/current-account-deficit-making-sense-of-indias-burgeoning-import-bill/articleshow/94667971.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
WTO slashes global 2023 trade growth forecast to 1% as recession looms | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/wto-slashes-global-trade-forecast-for-2023-to-1-as-recession-looms-122100500781_1.html Forecast lowered from 3.4% as recession looms India’s merchandise exports could face major headwinds next year with the World Trade Organization (WTO) slashing its forecast
Trade deficit may remain high in near-term; exports outlook weak, RBI’s tightening to slow import growth | The Financial Express
Clipped from: https://www.financialexpress.com/economy/trade-deficit-may-remain-high-in-near-term-exports-outlook-weak-rbis-tightening-to-slow-import-growth/2669298/ According to analysts at Edelweiss Securities, the outlook for exports remains subdued, and the trade deficit may narrow going forward. RBI’s tightening is
Exporters run into rough weather as US, Europe demand dries up – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/exporters-run-into-rough-weather-as-us-europe-demand-dries-up/articleshow/94107517.cms Synopsis Many exporters say their factories are running at 25-50% capacity or have reduced the number of shifts to one from three earlier
Fragmentation of global trade leads to sub-optimal outcomes | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/fragmentation-of-global-trade-leads-to-sub-optimal-outcomes-122080700939_1.html The tensions near Taiwan go up at a time when the relations between Russia and the US and its allies are at rock
Govt plans short-term foreign trade policy, may release before September | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/govt-plans-short-term-foreign-trade-policy-may-release-before-september-122072001235_1.html The new policy is much-awaited, following the extension of the existing policy for more than two years A new FTP was deferred and
*****Industry hopes Govt retains export sops on rupee-settled deals – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/industry-hopes-govt-retains-export-sops-on-rupee-settled-deals/article65631262.ece Calls to cut down huge price difference between the buy and sell quote on the rupee The industry trade with countries facing sanctions
*****Surging imports and slowing exports will make current account deficit rise. Weaker currency will help ease pressure | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/surging-imports-slowing-exports-deficit-currency-8011041/ While the government has taken a spate of measures, which include increasing the import duty on gold, levying taxes and imposing restrictions on
Government of India must heave-ho, make exports flow – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/government-of-india-must-heave-ho-make-exports-flow/articleshow/92685325.cms Synopsis Immediate policy responses will react to a rapidly evolving external environment. But the government would do well to use this opportunity to
*******The long-term hurdles to India’s export growth | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/the-long-term-hurdles-to-india-s-export-growth-122070401365_1.html No country has succeeded in becoming a merchandise export powerhouse unless its quality standards are uniformly high Can exports power India’s economic growth?
Widening trade deficit: Prospects are for a doubling of current account deficit in FY23 | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/widening-trade-deficit-prospects-are-for-a-doubling-of-current-account-deficit-in-fy23/2565889/ The most efficacious policy response to deal with widening trade imbalances is to maintain an open and unrestrictive trade policy, as has been
textile industry: Garment exporters face potential loss of Rs 1,200 crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/garment-exporters-face-potential-loss-of-rs-1200-crore/articleshow/92343936.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis The textile industry employs around 45 million workers and is expected to be worth more than $209 billion by 2029. But if
*****Sustaining export growth | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/sustaining-export-growth-122050401289_1.html Commodity prices will push up trade deficit The Union Ministry of Commerce has released the preliminary data for India’s merchandise trade during April.
*Enquiries from Russia put exporters in a spot | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/enquiries-from-russia-put-exporters-in-a-spot-122050200014_1.html The immediate challenge of the Indian exporters is to find shipping lines that will take their cargo to Russia. Indian exporters are getting
*Free trade agreement to facilitate duty-free exports to UAE kicks off | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/free-trade-agreement-to-facilitate-duty-free-exports-to-uae-kicks-off-122050200017_1.html The India-UAE CEPA will benefit almost 90 per cent of India’s exports in terms of value Photo: Bloomberg A free trade agreement between India and
*Pharma exports touch Rs 1.83 trillion in 2021-22: Commerce ministry | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/pharma-exports-touch-rs-1-83-trillion-in-2021-22-commerce-ministry-122050100288_1.html The exports in 2021-22 sustained a positive growth despite the global trade disruptions and drop in demand for COVID related medicines Pharma exports
White goods PLI round 2: 19 global, domestic companies file applications | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/white-goods-pli-round-2-19-global-domestic-companies-file-applications-122042700017_1.html A senior government official said the second round of applications was invited as the entire allocated funds were not utilised. As many 19
To boost exports, port logistics must improve – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/to-boost-exports-port-logistics-must-improve/article65352154.ece A performance index based on 11 parameters shows ports in the east and the south lag behind the others India has been making
*Export opportunity | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/export-opportunity-122040700031_1.html India can become a reliable grain exporter Union Commerce and Food Minister Piyush Goyal’s optimism about India’s wheat exports scaling a new high
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