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
Imports during the month too jumped by about 35 per cent to $55 billion
India and Russia bilateral payments are made in the Indian rupee. For both imports and exports, payments are made or received in the rupee for shipments.
Textiles Secretary Upendra Prasad Singh said the country's apparel industry must focus on vertical integration to increase its scale and size and to benefit...
The outbound shipments during February 15 to February 21 grew by 26.87 per cent to $9.02 billion as compared to $7.11 billion in February 15 to February 21...
The report recommends finalising free trade agreements with large markets, extending RoDTEP to all exports, attracting global firms and addressing domestic...
The automaker has achieved the figure in less than two and a half years, reiterating its commitment to developing India as an export hub.
Kovind said the government is focusing on making the country self-sufficient in edible oils besides making special efforts to promote organic farming, natural...
The Pradhan Mantri Matsya Sampada Yojana (PMMSY), launched in May 2020, has set a target of Rs 1 lakh crore fisheries export, additional 70 lakh tonnes fish...
The sector accounted for a 9.6 per cent share of India's entire exports basket during the period under review. The top five export destinations for the sector...
Currently, containers are allowed to be imported duty-free with the condition of re-export in the next six months. If they are not re-exported within six...
"Our policy interventions are being made based on wide consultations with all stakeholders". Speaking at inaugurating the first global innovation summit of the...
Flex Kallang's rooftop farm does not use soil and relies on water solution that is rich in macronutrients. Only pipes and water are needed to grow...
The event adopted a comprehensive approach towards agri-food systems transformation to fight poverty and hunger, reduce inequalities, preserve environment