Exports
India's Exports to Key Markets See Strong Double-Digit Growth
New data collated by the Commerce and Industry Ministry shows that India's exports to the USA grew by a robust 10.4 per cent during the quarter. Shipments to The Netherlands jumped by 41.3 per cent while exports to the United Kingdom rose by 21.9 per cent.
India's Q1 FY25 Exports Strong Despite Challenges, Core Sectors Thrive
In contrast, handmade carpets, jute manufacturing including floor coverings, and leather and leather products have declined. More noticeably, petroleum exports dropped by 18.3% year-on-year and by 18.5% month-on-month in June.
India's Goods and Services Exports Surge 8.6% to Exceed $200 Billion in Q1 2024-25
The data indicates that merchandise exports grew by 2.55%, amounting to $35.20 billion in June, compared to $34.32 billion in June 2023. The cumulative merchandise exports for April-June 2024 reached $109.96 billion, reflecting a 5.84% increase from $103.89 billion during the same period last year.
Resilient Growth: India's Textile Exports Rise 9.6% Against Global Challenges
According to a CITI report, May 2024 Combined textiles and apparel exports were higher by 9.70 percent when compared to May of the previous year. The Country's overall exports in May 2024 stood at USD6812916 million, which is 10.2 percent higher when compared to the same month of the previous year, according to the commerce ministry data.
India clocks record rise in exports, employment at 18-year high in May: Insights from PMI Data
The PMI figures indicated the third-highest upswing in private sector output since July 2010. While the manufacturing segment remained a positive factor for the growth of sales and production, it was the service sector which fuelled the latest acceleration in the overall economic activity.
April Sees a 25.8% Surge in India's Electronic Goods Exports Year-on-Year
April witnessed a substantial increase in India's total exports, encompassing both merchandise and services, reaching an estimated $64.56 billion, marking a significant growth of 6.88% compared to April of the previous year.
Government Ends Onion Export Ban with Price Conditions
Earlier, the government allowed the export of 99,150 metric tonnes of onions on April 27 for the six neighboring countries, including Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka.
India Requests Information from Singapore, Hong Kong Food Regulators Regarding MDH, Everest Masala Ban
The Ministry of Commerce has taken proactive steps by directing Indian embassies in Singapore and Hong Kong to compile comprehensive reports on the matter. Additionally, the ministry has reached out to the respective Indian companies, MDH and Everest, urging them to furnish detailed information regarding the alleged presence of the pesticide 'ethylene oxide' exceeding permissible limits in their products.
Discrepancies in Nestle's Baby Food: Sugar Addition Variances Between India and Europe
The study uncovered that in India, every serving of Cerelac baby products contains an average of nearly 3 grams of added sugar. This stands in stark contrast to the sugar-free versions available in Germany and the UK, and products in Ethiopia and Thailand which contain almost 6 grams per serving.
Government's Ban on Onion Exports Extended Indefinitely
Citing the authority vested in it by the Foreign Trade (Development and Regulation) Act, 1992, along with relevant sections of the Foreign Trade Policy, 2023, the Central Government revised Notification No. 49 dated December 7, 2023, concerning the export policy of onions. The notification reaffirmed the continuation of the export ban on onions classified under HS Code 0703-10-19 beyond the previously stipulated deadline of March 31, 2024.
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