Ecommerce drives economic surge with regulatory adaptation and regional cooperation India is targeting USD 2 trillion in exports by 2030, equally divided into merchandise and services, said Union Commerce Minister Piyush Goyal in January. Fuelled by ecommerce and its role in driving economic development and expanding trade, the Asia–Pacific (APAC) region is projected to surge […]
The president of the Federation of Indian Export Organisation (FIEO), Ashwani Kumar, has projected that the nation’s merchandise exports will likely hit USD 450 billion by the end of this financial year, despite facing geopolitical hurdles such as the Red Sea crisis. He emphasised the urgency of tackling challenges arising from the Red Sea crisis […]
India’s smartphone exports to the US surged to $3.53 billion in the April-December period of the current fiscal year, a significant increase from $998 million during the same period last year, as per data from the commerce ministry. This boost in outbound shipments has propelled India’s smartphone market share to 7.76 per cent in April-December […]
India has had a robust 12 per cent annualised growth in merchandise exports, amounting to USD 41.4 billion in February, despite facing global headwinds. This growth has narrowed the contraction in the first 11 months of 2023-24 by 3.6 per cent, reaching USD 395 billion. Services exports for February were estimated at USD 32.15 billion, […]
Union Minister of Railways Ashwini Vaishnaw stated that Integral Coach Factory (ICF), Chennai will now develop standard gauge Vande Bharat trains, only for export purposes. Minister Vaishnaw was speaking on the occasion of the inaugural ceremony of Qualcomm’s Chennai Design Center. The centre was inaugurated by the minister Vaishnaw. Standard gauge rakes are used in […]
Mobile phone manufacturing in India has experienced a remarkable 21-fold increase in value, reaching Rs 4.1 lakh crore over the past decade, according to a statement from the India Cellular and Electronics Association (ICEA). This surge is attributed to government policies such as the Production Linked Incentive (PLI) scheme, which attracted global players and enhanced […]
India’s diamond industry faces a big setback as the country’s cut and polished diamond (CPD) exports are projected to decrease by 25-30 per cent in the current fiscal year. A report from Care Ratings highlighted that this decline is expected to lead to a multi-year low in export earnings, with estimates ranging between USD 15-16 […]
India will have to leverage its sizable home market to become more competitive and scale up production to enjoy the benefits of scale economies Promoting the micro, small and medium enterprises (MSMEs), enhancing skills to build future workforce and larger exports, focussing on high-end manufacturing, taking digital India to the next level and promoting cleaner […]
The Central government has allowed the export of 50,000-tonne onions to Bangladesh and 14,400-tonne onions to UAE, at a time when the staple vegetable’s outward shipments have been kept under restrictions. For exports to the UAE, a ceiling of 3,600 tonnes is kept every quarter, the official notification from the Directorate General of Foreign Trade […]
The latest data from the commerce department revealed that China’s total shipments of personal computers and laptops to India stood at 89.4 per cent in December, which when compared to the period from April to December was found to be at 76.4 per cent in FY 2024. December spelled a different story for China’s imports […]
