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Exports Rise Marginally In August; Trade Deficit More, Than Doubles To USD 27.98 Billion

India's exports rose marginally by 1.62 per cent to USD 33.92 billion, while trade deficit more than doubled to USD 27.98 billion in August due to increased crude oil imports, commerce ministry data showed on Wednesday. The revised data showed that ...

Exports Likely To Be Around USD 470-480 Bn, In FY23: Commerce Secy

India's merchandise exports are likely to be around USD 470-480 billion in the current fiscal against USD 420 billion in 2021-22, Commerce Secretary BVR Subrahmanyam said on Tuesday. The secretary also said the trade deficit, which crossed USD 100 billion in ...

Govt Relaxes Sugar Export Quota For 2021-22; Allows Additional 1.2 Million Tonne Shipments

The government on Friday relaxed the quantitative restriction of 10 million tonnes on sugar exports and allowed shipments of an additional 1.2 million tonnes in the current marketing year ending September. In late May, the Centre had decided to cap sugar ...

Rupee At Life-Time Low, To Hit Imports, Overseas Education, Travel

The Indian rupee nearing 80 to a US dollar will make imports of items from crude oil to electronic goods, overseas education and foreign travel costlier while raising fears that the inflation situation could worsen. The primary and immediate impact of ...

DRI Detects Rs 4,389 Cr Customs Duty Evasion, By Oppo India

Revenue intelligence officers have detected Rs 4,389 crore duty evasion by Chinese smartphone maker Oppo by misdeclaration of imports, the Finance Ministry said on Wednesday. The Chinese company deals in mobile brands -- Oppo, OnePlus and Realme. During an investigation of ...

India's Economy Recovered, Strongly Despite 3 COVID Waves, Says US Treasury Report

The Indian economy has rebounded strongly despite three significant COVID-19 waves, the US Treasury has said in a report to Congress. India's acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery, the Treasury said ...

India To Ramp Up Coal Output, To Reduce Dependence On Imports: Moody's

Large coal-importing nations, including India, will look to ramp up the output of domestic coal to strengthen energy security and lessen dependence on the import of fossil fuels, Moody's Investors Service said on Tuesday. The government has recently mandated CIL to ...

Japan's Deficit Reaches 8 Year High As Energy Imports Soar

Japan racked up a 2.2 trillion yen (USD 19 billion) trade deficit last month, an eight-year high, as the cost of energy imports soared, the government said Thursday. The Finance Ministry said exports edged up 9.6 per cent in January ...

Trade Deficit Widens: Exports Rise 46% To $33.28 Billion

India's total exports (Merchandise and Services combined) are expected to reach USD 52.20 billion in August 2021, representing a positive growth of 33.99 percent over the same period last year and 19.89 percent over August 2019. When a country's imports surpass ...

Rising Worldwide Prices Improve Prospects For Indian Sugar Exports, According To ICRA

Firmed-up global prices have brightened the prospects of sugar exports from India for the 2021-22 marketing year starting October, even without the government subsidy, rating agency ICRA said on Thursday. For the last two years, sugar exports have been undertaken with ...

Exports jump 69.35% to $32.27 Billion in May; Trade Deficit At $6.28 Billion

India's exports rose by 69.35 per cent to USD 32.27 billion in May, driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery, even as trade deficit widened to USD 6.28 billion, according to government data ...

Exports Climb To USD 32.21 Billion in May; Trade Deficit at USD 6.32 Billion

India's exports grew by 67.39 per cent to USD 32.21 billion in May driven by healthy growth in sectors such as engineering, pharmaceuticals, petroleum products and chemicals, according government data released on Wednesday. Exports in May last year stood at USD ...

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