India's exports contracted by 12.2 per cent to USD 34.48 billion in December 2022 due to the global demand slowdown, and the trade deficit widened to USD 23.76 billion during the same period, according to government data
Cumulative exports in April-June 2022-23 rose by about 24.51 per cent to $118.96 billion, while imports increased 49.47 per cent to $189.76 billion during the period
They also said the major items imported from China into India are used for meeting the demand of sectors like telecom and power
India, the world's second-largest rice producer after China, commands a 40 per cent share in the global trade
Clearly, there are signs of a global slowdown in international trade and India is keeping a "watchful" eye on the developments by talking to all the export promotion councils and large exporters, and engaging with the Indian...
Federation of Indian Export Organisations (FIEO) also said the government initiatives are helping the country record a healthy growth rate in exports
Imports expanded by 57.55 per cent to $66.31 billion in June compared to the year-ago month, the data showed.
Imports during the month too grew by 56.14 per cent to $60.62 billion
The exports tally, which also includes handicrafts, indicates a substantial increase of 41 per cent and 26 per cent over corresponding figures in FY21 and FY20
In the ongoing marketing year (October-September), contracts for export of about 9 million tonnes have been signed, about 8.2 million tonnes of sugar have been...
In sugar seasons 2017-18, 2018-19 and 2019-20, only about 6.2 LMT, 38 LMT and 59.60 LMT of sugar was exported, the statement said.
During the second week of this month (May 15-21), the exports grew by about 24 per cent to $8.03 billion, the official added.
According to the minister, a record level of $250 billion of exports came without hospitality and some other key sectors and an extra focus on the services...
Amazon has also doubled its export pledge to now enable $20 billion in cumulative exports from India by 2025.
Imports during the month under review grew by 30.97 per cent to $60.3 billion. The trade deficit in April 2021 was $15.29 billion.
The trade deficit in April 2022 widened to $20.07 billion as against $15.29 billion in the year-ago period
The exports in 2021-22 sustained a positive growth despite the global trade disruptions and drop in demand for COVID-related medicines.
In March 2021, exports stood at $35.26 billion.
Outbound shipments touched an all-time high of $40 billion in a month in March 2022
Imports during the month too jumped 36 per cent to $55.45 billion, with inbound shipments of petroleum and crude oil surging 69 per cent to $15.28 billion.
The development comes amidst heavy sanctions imposed on Russia after it invaded Ukraine. According to the report, Indian exporters are awaiting payments worth...
The exports stood at $15.97 billion in the ten-month period a year ago. Export of rice was the top forex earner at $7.7 billion during the period under review....
India is the second-largest wheat producer in the world. It is estimated that India’s wheat export will touch 7 million this year.
WTO is a 164-member multilateral body that formulates rules for global exports and imports and adjudicates disputes between two or more than two countries on...
The government is considering guarantees of lenders' letters of credit and soft loans for exporters hit by a cash squeeze
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