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Exports jumps 27.6% in March; trade deficit swells to $10.4 billion

India's exports grew by 27.6 per cent to USD 29.23 billion in March on account of robust performance by sectors like petroleum, textiles, engineering goods and gems and jewellery.

 

Cash position in economy may not be enough till March: Nomura

Cash position in economy may not be enough till March: Nomura

The impact of demonetisation is still visible and cash levels in the economy are not expected to be sufficient until March, which may keep trade volumes depressed for the next two months, says a Nomura report.

US trade deficit falls as exports hit more than 1-1/2 year high

US trade deficit falls as exports hit more than 1-1/2 year high

The US trade deficit fell more than expected in December as exports rose to their highest level in more than 1-1/2 years, outpacing an increase in imports.

Royal Enfield sales rise 42% in December

Royal Enfield sales rise 42% in December

Royal Enfield, the two-wheeler division of Eicher Motors, on Sunday reported a 42 per cent jump in total sales at 57,398 units in December 2016.

 

Govt working on ways to cut logistics cost for exports

Govt working on ways to cut logistics cost for exports

The finance and railways ministries are working on ways to cut logistics costs which make exports uncompetitive, Commerce and Industry Minister Nirmala Sitharaman said Thursday.

Exports up 9.59% at $23.5 bn in October; trade deficit at $10 bn

Exports up 9.59% at $23.5 bn in October; trade deficit at $10 bn

Exports continued to grow for the second month in a row, expanding by 9.59 percent to USD 23.51 billion in October on healthy growth in shipments of jewellery and engineering products.

India's September exports growth gives hope, says Nirmala Sitharaman

India's September exports growth gives hope, says Nirmala Sitharaman

Indian exports grew at 4.62 percent in September to revive hope among the country`s exporters struggling against depressed global demand, Commerce Minister Nirmala Sitharaman said on Monday.

Gems, jewellery exports up 11% to $14.43 billion in April-August FY'17

Gems, jewellery exports up 11% to $14.43 billion in April-August FY'17

Exports of gems and jewellery grew by 11 percent to USD 14.43 billion during the first five months of the current fiscal, driven largely by demand in India's major markets like the US.

Govt puts more products under fiscal incentive ambit

Govt puts more products under fiscal incentive ambit

The government Thursday extended fiscal incentives to more items such as marine products at higher rates under a scheme with a view to boosting exports, which remain in the negative zone.

Is it the right time to devalue Indian rupee?

Is it the right time to devalue Indian rupee?

Till September 14, Finance and Commerce Ministry corridors were abuzz with possible rupee-devaluation topic. However, as the next day arrived, all these speculations went to the backburner.

Power Series Conclave on 'Make in India' organised by The Dollar Business on Aug 24

Keeping the ‘Make in India’ initiative in the backdrop, The Dollar Business has organised the Power Series Conclave 2016-17 on “Make in India and Make for the World” on August 24.

Exports slip 6.8% in July; gold imports more than halve

Exports slip 6.8% in July; gold imports more than halve

After rising for the first time in 18 months in June, exports shrank again in July, contracting 6.84 percent due to decline in shipments of engineering goods and petroleum products.

Government weaves new textiles package, dials for next spectrum auction

Government weaves new textiles package, dials for next spectrum auction

Keeping up the momentum in key economic decisions, India's federal cabinet on Wednesday approved the norms for the next telecom spectrum auction that can fetch over $83 billion to the exchequer and a textiles package to push 10 million new jobs and $30 billion more in exports.

India is monitoring Brexit development: Commerce Minister

India is monitoring Brexit development: Commerce Minister

India is monitoring the developments of 'Brexit' as it would have a bearing on the country's trade with European Union and the UK, Commerce and Industry Minister Nirmala Sitharaman said on Monday.

Weak oil prices may hit remittances from Gulf nations: Crisil

Weak oil prices may hit remittances from Gulf nations: Crisil

Continuing weakness in oil prices may impact remittances from Gulf countries into India, a report by domestic ratings agency Crisil said.

17 out of 30 sectors in negative zone in March in terms of exports

17 out of 30 sectors in negative zone in March in terms of exports

Exports of over half of the 30 sectors closely monitored by the Commerce Ministry were in the negative zone in March due to a fall in global commodity prices amid tepid demand.

India's exports unlikely to improve in a hurry, says DBS

India's exports unlikely to improve in a hurry, says DBS

India's exports shrank 16 percent in 2015-16, and going ahead, it is unlikely to improve in a hurry due to its close correlation with global imports, a DBS report says.

Govt to take steps to expedite clearances for exports, imports

Concerned over procedural delays in exports and imports, the government has decided to initiate a joint exercise by officials from the ministries of finance and shipping for expediting the clearance process.

Bulk drug exports to grow 12-14% till 2018-19: Assocham

India's bulk drug exports are likely to grow at an average rate of 12-14 percent till 2018-19 on the back of increasing shipments to countries including the US and Europe, an Assocham study said on Monday.

Gold imports contract 29.5% to $1.39 bn in February

Gold imports contract 29.5% to $1.39 bn in February

After a sharp rise in January, gold imports in February declined 29.49 percent to USD 1.39 billion, which is expected to keep a lid on the country's current account deficit (CAD).