Page 11 - Indian Exports

Steep rise in China demand helps arrest decline in marine exports

Value of shipments to that country rose 257 per cent to reach $811 million in FY19, and to $1,025 million in the first eight months of the current financial year

Agricultural goods can fetch India additional $97 bn in exports: FAO

Select agri and agri-based commodities like meat, milk and fruits, among others, present export opportunity worth over USD 97 billion (about Rs 6.9 lakh crore) for India, as per data from the Food & Agriculture Organisation. India's export share in agri items such as bananas, oranges, chicken, meat, and milk products like cheese and butter milk is miniscule at present, the data showed. The country's share in the global market for 19 commodities was a miniscule 1.5 per cent, or around USD 1.5 billion (about Rs 10,650 crore), in 2017 against a potential of USD 97 billion, the World Trade Centre said in a statement on Thursday quoting the FAO data released recently. While global market for meat and chicken is a whopping USD 20.6 billion, the country's export share is only 4.04 per cent of this. Similarly, global market for bananas is close to USD 15 billion wherein India's share is a paltry USD 480 million, the statement said. Butter and cow milk provide a USD 8 billion opportunity,

Flag countries placing non-tariff barriers on exports: Goyal to industry

He further said the stakeholders need to tell the government, which country is using any trade remedial measures or non-tariff barriers which impact their exports to that country

Piyush Goyal meets export bodies to seek inputs for foreign trade policy

Pre-Budget inputs from EPCs were also taken so that they may be sent to the finance ministry

Facing regulations, marine exports expected to remain sluggish: Report

The report revealed that going forward these conditions are likely to persist and overall marine exports are likely to remain subdued in the coming quarters

Services exports up by 5% to $17.70 bn, imports flat at $10.86bn: RBI data

The services sector contributes to about 55 per cent in India's gross domestic product

Pushing exports may've caught PM's attention

In his I-Day speech, the Prime Minister suggested that farmers should be exporters and that each of our districts must become an export hub for its specialty

RCEP debate: Issue of diminishing returns from FTAs plagues India

The basic building block of the proposed RCEP - the Asean FTA - continues to be one-sided

India's marine product exports to China triples to $800 mn in Jan-Sep 2019

China is a major importer of marine products with imports of around $ 12 billion

Govt likely to extend benefits to exporters under MEIS till March 31

The decision to extend MEIS benefits is expected to draw the biggest cheer from the industry

Making rebates WTO-compatible

Under RoSCTL, except for some items containing cotton, the rates are between 1.7 and 3.6 per cent of the FOB value of export

Govt to tweak antidumping, subsidy rules to strengthen domestic industry

The changes in the rules of antidumping, countervailing or anti-subsidy and safeguard have been approved by the commerce ministry and will soon be notified by the revenue department, the official said

Einsteinian economics

If this is how the government is thinking, then we are in real trouble, says the author

India's exports and Factory Asia

As against global export trends, India's share of global services exports is double its share of global merchandise exports

Top 10 biz headlines: Realty, exports boost this week, DDT may go & more

From govt readying a package to help boost exports and real estate to the Direct Taxes Code panel recommending abolishing of dividend distribution tax, here are the top business headlines on Wednesday

GSP roll-back: Exports of goods under tariff system to US up 32%

Exports of Indian goods, which were enjoying benefits under the preferential tariff system GSP, to the US registered a growth of 32 per cent in June, according to Trade Promotion Council of India (TPCI). The US rolled back export benefits to over 1,900 Indian goods from June 5. These incentives were provided by America under its Generalised System of Preference (GSP) programme. Citing the data from the United States International Trade Commission (USITC), it said the Indian exports to the US of those goods which were getting GSP benefits stood at USD 657.42 million in June as compared to USD 495.67 million in the same period last year. "India's exports to the US on GSP withdrawn products has registered 32 per cent growth in June 2019 as compared to the same month last year," TPCI Chairman Mohit Singla said in a statement. This is a very interesting trend as out of USD 190 million value of GSP benefit claimed earlier, the growth has already covered USD 161.74 million, month on mon

Reviving investment. But how?

Time to take a leaf out of Atal Bihari Vajpayee-led Chief Ministers' conferences to develop a national consensus for structural reforms

India only Asian economy that's growing its export share amid trade war

Trade tensions between the US and China have given India an opportunity to ramp up exports to both countries

Export focus in the govt's growth agenda

From a competitiveness perspective the RBI may choose not to let the currency gain too much

We need to address high interest, tax rates to boost exports: Piyush Goyal

"We need to address the root cause of problems hurting the exporters and industry," said Commerce and Industry Minister Piyush Goyal