Clipped from: https://www.business-standard.com/article/economy-policy/india-s-exports-to-china-jump-34-to-22-9-billion-in-2021-shows-data-122012801852_1.html Imports, on the other hand, rose 28 per cent to USD 87.5 billion in 2021 India’s exports to China have increased about 34 per cent to USD
Category: EXIM
Gold imports hit 10-year high as jewellery demand doubles | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/gold-imports-hit-10-year-high-as-jewellery-demand-doubles-122012900070_1.html Celebrations picked up in full swing in the three months through December, more than doubling full-year imports to 925 tonnes Gold imports in the
Ambition to reality | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/ambition-to-reality-122012501771_1.html Govt’s high expectations from electronics exports need work On Monday, the Union Ministry of Electronics and Information Technology released a further instalment of
Crisil calls for tariff cuts to spur exports – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/crisil-calls-for-tariff-cuts-to-spur-exports/article38320643.ece ‘Lower duties needed on inputs, raw materials to stop importing inflation’ The government should lower import tariffs on inputs and raw materials to
Towards fuller capital convertibility – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/towards-fuller-capital-convertibility/2409931/ The path to full convertibility will not be linear and India looks set to continue moving gradually The process of capital account convertibility
MSMEs largely outside the ambit of PLI scheme, many small businesses left out of ECLGS. Can Budget 2022 do a course correction? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msmes-largely-outside-the-ambit-of-pli-scheme-many-small-businesses-left-out-of-eclgs-can-budget-2022-do-a-course-correction/articleshow/88986888.cmsSynopsis Faced with lingering Covid blues, the MSME sector wants the FM to reduce compliances, address rigid banking norms and announce a PLI-like scheme
Self reliant India: View: Will India’s self-reliance stance prove to be a costly mistake? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/view-will-indias-self-reliance-stance-prove-to-be-a-costly-mistake/articleshow/88940814.cmsSynopsis Team Modi has done a decent job providing physical and digital infrastructure as well as basic services like cheap housing, electricity, water, cooking
China Lockdown: Supply chain woes could worsen as China imposes new Covid lockdowns – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/supply-chain-woes-could-worsen-as-china-imposes-new-covid-lockdowns/articleshow/88942581.cmsSynopsis China used lockdowns, contact tracing and quarantines to halt the spread of the coronavirus nearly two years ago after its emergence in Wuhan.
Tax hike on components to make mobile PLI uncompetitive for exports: ICEA | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/tax-hike-on-components-to-make-mobile-pli-uncompetitive-for-exports-icea-122011600652_1.html ICEA has said that increase in taxes on components will make the products manufactured in India under the PLI scheme globally uncompetitive. Demanding
India’s trade with China crosses $125 billion, imports near $100 billion – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/indias-trade-with-china-crosses-125-billion-imports-near-100-billion/article38272914.ece Data show continued demand for a range of Chinese goods, particularly machinery India’s trade with China in 2021 crossed $125 billion with imports
December merchandise exports up 40% YoY, hit record $37.81 billion | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/december-merchandise-exports-up-40-yoy-hit-record-37-81-billion-122011400712_1.html Outbound shipments up 29% sequentially; Cumulatively, exports in April-Dec crossed $301 bn, achieving three fourth of annual target of $400 bn in first
RIL, M&M bid for incentives under govt’s Rs 18k-cr battery scheme: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ril-m-m-bid-for-incentives-under-india-s-2-4-bn-battery-scheme-report-122011401151_1.html India last year finalised an incentive program for companies to invest in local manufacturing of batteries as it looks to establish a domestic
Current account deficit, a long story short – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/current-account-deficit-a-long-story-short/articleshow/88884354.cmsSynopsis Higher global oil prices and larger gold imports – around $5 billion per month – have played a key role in pushing up
Enough of the old ‘level playing field’ argument. Reduce trade barriers to make India grow – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/enough-of-the-old-level-playing-field-argument-reduce-trade-barriers-to-make-india-grow/articleshow/88862488.cmsSynopsis Data from the IMF’s October 2021 World Economic Outlook reveals that India’s real exports growth moves in tandem with the growth in global
How to avail post-export EPCG duty credit scrip scheme and what exporters must know – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/post-exports/how-to-avail-post-export-epcg-duty-credit-scrip-scheme-and-what-exporters-must-know/articleshow/88748157.cmsSynopsis The post-export EPCG duty credit scrip scheme is a popular programme of the DGFT under which the basic customs duty paid on capital
CAD in focus – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-current-account-deficit-which-has-started-to-rapidly-expand-needs-to-be-watched-closely/article38175411.ece The current account deficit which has started to rapidly expand, needs to be watched closely With economic activity slowly moving towards pre-pandemic levels
India’s trade deficit could soon double to $200 billion, as domestic demand drives up imports – The Financial Express %
Clipped from: https://www.financialexpress.com/economy/indias-trade-deficit-could-soon-double-to-200-billion-as-domestic-demand-drives-up-imports/2398711/ The country’s trade deficit is expected to widen to $190 billion in the current fiscal year 2021-22, and further to $200 billion in
How to build a competitive export-ready business – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/process/how-to-build-a-competitive-export-ready-business/articleshow/88726431.cmsSynopsis Whether you are an importer or exporter, make sure you understand the different incoterms thoroughly so that the responsibilities of both the parties
india gold import: India’s spends record $55.7 billion on gold imports in 2021: Govt source – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/indias-spends-record-55-7-billion-on-gold-imports-in-2021-govt-source/articleshow/88684634.cmsSynopsis The 2021 gold import bill easily doubled the $22 billion spent in 2020, and surpassed the previous high, set in 2011, of $53.9
External sector slowly weakening again – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/external-sector-slowly-weakening-again/articleshow/88670363.cmsSynopsis The current account is back in deficit after a modest surplus last year not only because of a widening trade deficit, but pressures
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