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The working of Indian businesses has been severely dented by a 40 percent hike in prices of cotton yarn, tumbling values of dollar and euro against the Indian rupee and a sharp increase in minimum wages for workers in the national capital, said Apparel Export Promotion Council (AEPC) in a release on Tuesday.
While welcoming the exports growth of of 36.2 percent in April, Federation of Indian Export Organisations (FIEO) President, A. Sakthivel said that the first month figure is a clear indication that we would be able to meet the export target of USD 200 billion set for 2010-11.
Government on Wednesday announced incentives worth Rs 625 crore for exporters of garments, engineering, electronics and agro products even as the country's merchandise exports rose by an impressive 34.8 per cent growth in February at USD 16.09 billion.
Finance Minister Pranab Mukherjee on Wednesday said India had recovered from the global financial meltdown and the economy was in far better shape than it was a year ago to clock high growth.
The Gems and Jewellery Exports Promotion Council (GJEPC) expects exports growing by 20 percent in the current financial year from 16 percent in the last fiscal due to the financial recovery in the world.
The Indian economy should have grown at 7.5 percent in 2009-10 and a tad faster than 7.2 percent expansion predicted officially on the back of a strong rebound in exports, Commerce Minister Anand Sharma said in the capital on Thursday.
Nowadays, the exchange rate to India is extremely profitable. Almost all the segments have been generating lucrative business and money by exporting not only technological products but also indigenous products. The people also transfer money to Philippines, China, Mexico and Bangladesh etc. which is a symbol of global growth. However, India has remained popular for being recipients of highest inward remittance.
Decline in industrial growth in July, particularly the 2.3 percent growth in the manufacturing sector, which is the lowest growth in the last 21 months is a serious concern for the industry, said industry body FICCI on Monday.
India's exports grew consecutively for the 6th month, as the month of February 2017 posted a 17.48% year on year growth in exports. Total exports for the month stood at $24.5 billion, when compared to $20.8 billion in January 2016. For the same month, trade deficit widened year on year from $6.5 billion in 2016 to $8.8 billion in 2017.
India Trade Data on the other hand revealed that the total value of Indian exports was approximate 323 billion dollars in 2019. The overall exports combining both merchandise and services during the period of 2020-21 estimated a value to as 493.19 billion dollars. This value exhibited a downfall in growth by -6.66%.
Black money is pushing Indian exports - such a claim is more difficult than anything else to prove. But I feel the argument cannot totally be ignored, particularly in the post Baba Ramdev and Anna Hazare scenario and after the recent nationwide hullabaloo over black money, forcing the government to put renewed efforts to tighten the noose on money launderers.
The Dollar Business Bureau The country’s exports in August showed a modest decline from that of October 2015, which could be leading to a positive growth
India's marine exports are estimated to grow at about 20% to 5.6 billion in 2016-17, owing to its growth in aquaculture diversification, improved production infrastructure and quality control and value addition.
The Federation of Indian Export Organisations said that growth in imports by 43.3 percent in April, as revealed by the foreign trade data revealed by the government Tuesday, signifies "complete revival" of the manufacturing sector.
Exports from the country witnessed a robust 33 percent growth in the first three months of the year, the World Trade Organisation (WTO) has said in its international trade statistics report.
Steel Castings Exporter India has found trading to be beneficial as this process is widely used and is in great demand both domestically and globally. India has evolved as one of the exporters of casting which has marked its existence in the global arena. There has been a significant amount of growth both in terms of quantity and quality which has given the profitable payback to the suppliers of such products.