In absolute terms, the deficit for FY22 came at $38.7 billion as against a surplus of $24 billion in the year-ago period, data released by the RBI showed
Last year, the government had announced imposing 40 per cent BCD on solar modules and 25 per cent on solar cells with effect from April 1, 2022
Gems and jewellery, engineering, petroleum products, and electronic goods' exports increased by 84.3 per cent, 25.7 per cent, 20.4 per cent and 73.5 per cent,...
In April, the edible oil inflation remained in double digits for the 29th consecutive month, as per a report.
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.
Telecommunications, computer, and information services, other business services, and transport are the top contributors to the exports.
In January 2020, the company had set a target to facilitate export worth $10 billion by 2025.
Federation of Indian Export Organisations (FIEO) had shared with the Directorate General of Foreign Trade (DGFT) in March that Indian exporters have payments...
The weaker yen helps make Japanese exports more competitive overseas and fattens profits when they are converted from dollars to yen, but it also raises costs...
The domestic stainless steel manufacturing industry meets the bulk of its nickel requirements through ferronickel and stainless steel scrap.
The Term-Ahead Market, comprising intra-day, contingency, daily and weekly contracts, traded 823 MUs in March, which is a Y-o-Y growth of 251 per cent.
Goyal, who is in Australia on a three-day visit, said that both the countries are already at an advanced stage of entering into an agreement for greater...
While total exports during last fiscal year increased to a record high of $417.81 billion, imports too soared to $610.22 billion, leaving a trade gap of...
In the last financial year, the fiscal deficit or gap between the expenditure and revenue was 76 per cent of the Revised Estiamate (RE) of 2020-21.
GAIL has a deal to receive 2.5 million tonnes of liquefied natural gas (LNG) annually on a delivered basis from Russia's Gazprom.
Even before the pandemic (FY15-FY20) India’s export competitiveness was being questioned as merchandise shipments from the country grew at a meagre 0.19 per...
As a part of the deal, Russia will also take care of shipping and insurance for delivering the crude to India
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.
Talking about the India-Canada relationship, he said this economic partnership will strengthen efforts to take economic ties to the next level
About 8,70,000 tonnes of coking coal are either already delivered or are expected to get delivered in India by March 20. This will be the highest since April...
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...
Several nations are realigning their foreign policies vis-a-vis Russia, but up to 70 per cent of India's defence equipment is Russian. This complicates calls...
The ongoing war has caused the Indian rupee to depreciate further against the US dollar. Exporters will benefit but the import bill will increase.
India spent $94.3 billion in the first 10 months (April-January) of the ongoing financial year that started April 1, 2021.
Ukraine and Russia are the major suppliers of sunflower oil, with India importing approximately 90 per cent of sunflower oil from Russia and Ukraine.
