Exporters to raise “declining” bank credit at the Board of Trade meet
According to FIEO, the value of export credit outstanding has come down to Rs 2,17,406 crores in the March 2024…
Exports
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Comprehensive trade portal launched for all exports, imports info
The Government has launched the Trade Connect e-Platform to streamline export and import information for entrepreneurs. Developed with various Ministries…
Declining bank credit to hurt exporters; issue to figure in Sept. 11 meeting with Goyal
Exporters are concerned about declining bank credit, which they will discuss with Commerce Minister, Piyush Goyal. Despite a 15% growth…
India’s export-linked jobs declined as it missed out on post-China opportunity: World Bank:
In May, The Indian Express reported that India’s labor-intensive sectors such as textiles, leather, gems and jewelry, and marine products…
India to set up 50 e-commerce export hubs by 2030, plans to raise funds
This initiative has been launched by the Commerce and Industry Ministry, through which merchandise exports are to be made easier…
Exports grow for 3rd month in a row, trade deficit rises
India’s exports grew for the third straight month, rising 2.6% to $35.2 billion, while imports increased 5% $56.2 billion. As…
New EU rules seen to restrict exports of textiles & footwears
The European Union’s new eco design regulation, setting stringent sustainability requirements for all products in the bloc, is expected to hit…
UK overtakes China as India’s fourth-largest export market in May
The United Kingdom (UK) has overtaken China to become India’s fourth-largest export market in May. The UK was India’s sixth-largest…
DGFT wants interest equalization scheme for exporters to continue
In a move set to bring relief to exporters, the Directorate General of Foreign Trade (DGFT) has concluded that there…
Goods exports increase 9%, imports 8% in May
Goods exports rose 9% to $38 billion in May, while imports were 7.7% higher at nearly $62 billion, pushing up India’s trade deficit to $23.8 billion, highest…