Export News

The White House criticized India, Canada, and Japan for high tariffs on US goods, urging fair trade. Trump claimed India agreed to tariff reductions, but Indian officials denied a deal. 

Budget 2025: Union Finance Minister Nirmala Sitharaman has presented the Union Budget for the fiscal year 2025-26 today, delivering her eighth consecutive budget speech and setting multiple records in India’s financial history.  

The government's forward-looking initiatives, such as the New Foreign Trade Policy, PLI Schemes, and many others, play a pivotal role in enhancing India’s competitiveness on the global stage.

India`s agricultural and processed food products exports rose by 16 per cent in the first eight months. The export of pulses, basmati rice, poultry products, dairy products, and wheat from India has increased by 90.49 , 39.26 , 88.45 , 33.77 , and 29.29 per cent

Australia’s stock of investment in India was $15.4 billion in 2020 Under FTA, Australia will offer zero-duty access to India for about 96 percent of its exports (by value) from Day One 'India-Australia FTA is expected to raise bilateral trade to $45-50 billion in the next five years' says Piyush Goyal

Govt cuts windfall profit tax on domestic crude oil and diesel on Saturday. It also scrapes the levy on the export of jet fuel from Oct 2. India first imposed windfall profit taxes on July 1, 2022.

The trade deficit during the first two months of this fiscal widened to USD 44.69 billion against USD 21.82 billion in the year-ago period.

Maruti Suzuki and Hyundai-Kia tops the charts of most exported cars Maruti Suzuki Dzire stood at number one position Maruti Suzuki Baleno stood at second position with 117.3% jump

The Export Preparedness Index assesses the readiness of the states, in terms of their export potential and performance.

The issue was discussed in detail on Friday at the ongoing Dubai Expo as part of India's fortnight event on 'Food, Agriculture and Livelihood'. During the session, senior government officials and sector experts deliberated on opportunities for Indian industry players to enhance the country's export potential.

Conservative MP Sir Edward Leigh asked Johnson if a relaxation of visa controls from India was in the works to secure a trade agreement.

Biffa, a famous UK firm, has been fined over Rs 15 cr for exporting household waste to India and Indonesia. The waste firm was penalised for breaking export law which the judge called 'reckless, bordering on deliberate'.

Imports too rose to $45.45 billion last month as against $17.09 billion in April 2020. Due to the Covid-19 pandemic induced lockdown last year, exports shrank by a record 60.28 per cent in April 2020. In April 2021, oil imports stood at $10.8 billion as compared to $4.65 billion in the corresponding month last year.

Turant Customs, which has as its main component Faceless Assessment, would be implemented in phases across the entire country by 1st January 2021.

He also emphasised that India needs to work on its strengths by exploring market access for agriculture and pharma products in different regions.

The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- declined from 52.5 in April to a three-month low of 51.6 in May.

The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- increased to 50.7 in February, up from 50.4 in January, as output and orderbooks rose at accelerated rates.

Uptick in the global economy is likely to push the country's exports further in the coming years, the Economic Survey today said.

India`s diesel exports are expected to hover near a three-year high in September, as monsoon rains reduce the need to use the fuel in irrigation pumps, according to traders and refinery sources. 

China's exports and imports declined by about three percent in the first seven months amid falling global and domestic demand, according to data released by a ministry-level administrative agency here.