India’s coffee exports reached a new peak in value during the calendar year 2023, driven by higher global prices despite a 5.5 per cent decline in volumes due to reduced offtake by key buyers in Europe and Russia. The exports surged by 4.50 per cent to achieve a record USD 1.16 billion in 2023, compared […]
The Indian footwear industry has the potential to experience significant growth, expanding from its current valuation of USD 26 billion to reach USD 90 billion by 2030, according to a report by the Global Trade Research Initiative (GTRI). To achieve this, the report outlines several measures, including banning shoe imports, offering fiscal incentives, establishing more […]
A recent case study conducted by the Indian Institute of Management (IIM) Lucknow, commissioned by the Department for Promotion of Industry and Internal Trade (DPIIT), unveils a success story for the Indian toy industry in the fiscal year 2022-23. The study indicates a notable decline of 52 per cent in toy imports and an impressive […]
An Engineering Export Promotion Council of India (EEPC) report revealed that India’s engineering goods exports experienced a 3 per cent year-on-year (YoY) dip in November, totaling USD 7.85 billion. The setback was primarily attributed to disruptions caused by the festive season, impacting operations in major engineering export belts across the country, particularly in the northern […]
India’s overall exports, merchandise and services combined, in November are estimated to be USD 62.58 billion, exhibiting a marginal positive growth of 1.23 per cent yearly, official data released on Friday showed. The overall exports during November 2022 were worth USD 61.82 billion. Major contributors to export growth in November 2023, though marginal, include iron […]
Indian exporters on Amazon Global Selling experienced a surge in business during the Black Friday and Cyber Monday (BFCM) shopping events held globally between November 17-27. The 11-day sale period saw over 80 per cent business growth compared to the usual 11-day period starting 20 October, and a 25 per cent growth compared to last […]
India has prohibited the export of onions till March 2024, as per an official notification issued late on Thursday evening. The DGFT notification said the export of onions will be allowed on the basis of permission granted by the central government to other countries based on the request made by the countries. Onions are currently […]
eBay, a global commerce platform that connects millions of buyers and sellers around the world, has launched its first-ever ‘Seller Guide’ for Indian exporters. This handbook serves as a tool, providing sellers venturing into cross-border ecommerce with a complete roadmap. From data on India-centric supply to onboarding procedures, promotions and shipping strategies, this guide paves […]
In a strategic move to cut costs and diversify its supply chain, Walmart, the world’s largest retailer, has significantly increased its imports from India, reducing its reliance on China, according to exclusive data obtained by Reuters. Data from bill of lading figures, shared by data firm Import Yeti, reveals that Walmart shipped a quarter of […]
The government on Thursday clarified that onion consignments, registered with customs authorities before 29 October 29, can be exported until 30 November. The clarification comes after the government imposed a minimum export price (MEP) of USD 800 per tonne on onion exports until 31 December. The measure aims to boost domestic availability and control prices. […]
