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 […]
The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, Government of India, has intensified efforts to bolster e-commerce exports from the country, as part of its ‘District as Export Hubs’ initiative. Aimed at facilitating micro, small, and medium enterprises (MSMEs) to explore international markets via e-commerce channels, this initiative is […]
Concerns mount over the severe disruptions in global trade as the United Nations Conference on Trade and Development (UNCTAD) issued a stark warning. The ongoing crisis in the Red Sea shipping route, compounded by geopolitical tensions in the Black Sea and climate-related challenges in the Panama Canal, is creating a complex and multifaceted challenge for […]
European Free Trade Association member countries and India are making “progress” on an agreement on free trade, with officials saying that the two sides have “never been closer” to a pact. In exclusive interviews with ANI on Wednesday, Norwegian Trade Minister Jan Christian Vestre and Swiss State Secretary for Economic Affairs Helene Budliger Artieda commended […]
India needs to improve access to finance for micro, small and medium enterprises (MSMEs), reduce trade barriers by lowering tariffs and negotiate more trade agreements to boost its position in the global supply chain, said Kalyan Basu, Managing Director (MD) and Chief Executive Director (CEO), Vayana TradeXchange in an interview with BW Businessworld. Notably, MSMEs […]
India’s merchandise trade deficit in August was wider than expected and stood at USD 24.16 billion, according to a Reuters calculation based on export and import data released by the government on Friday. Economists expected the August trade deficit to be at USD 21 billion, according to a Reuters poll. India’s merchandise exports stood at […]
