September 17, 2024, 05:59 PM - 1 min read
India's August trade deficit widened to USD 29.65 billion as exports fell 9.3% and imports rose 3.3%, with cumulative exports for April-August up 1.14% and imports up 7%.
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August 23, 2024, 03:46 PM - 3 min read
From January to June 2024, the US surpassed China to become India’s top trading partner. India’s trade deficit with China reached USD 41.6 billion, while overall exports grew by 5.41% to USD 230.51 billion, contributing to a record total foreign trade of USD 849 billion.
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May 2, 2024, 09:21 PM - 2 min read
Despite ongoing global challenges, India's services exports for fiscal year 2023-24 are estimated at USD 339.62 billion, with imports standing at USD 177.56 billion, contributing to an overall export projection of USD 776.68 billion, a slight increase from the previous fiscal year's USD 776.40 billion.
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May 2, 2024, 01:58 PM - 2 min read
During April this year, India imported more Russian oil but less from Iraq and Saudi Arabia than it did a month earlier, according to data compiled by trade tracking agencies Kpler and LSEG.
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March 30, 2024, 12:52 PM - 2 min read
The report alleged that the ‘opaque and unpredictable’ nature of India’s application of quantitative restrictions has affected the ability of US exporters to access the market.
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March 14, 2024, 04:10 PM - 2 min read
The Indian Railways has partnered with Ramakrishna Forgings Ltd to establish a manufacturing facility for forged wheels in Gummidipoondi, Tamil Nadu, with an initial investment of Rs 650 crore. The plant is expected to have a production capacity of 2.5 lakh wheels, out of which 80,000 will be utilized domestically, and the remaining 1.70 lakh wheels will be exported.
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March 13, 2024, 02:29 PM - 2 min read
In FY24, coal imports for blending stood at approximately 22.20 million tonnes, down from 30.80 million tonnes in FY 2022-23. The government is striving to eliminate coal imports entirely by 2026.
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March 6, 2024, 10:56 PM - 2 min read
In a move to strengthen trade ties, the DGFT has approved the export of 4,750 tonnes of onions to Bhutan, Bahrain, and Mauritius, while also implementing import restrictions on premium duck meat for hotels and restaurants, and revising registration timelines and procedures for yellow pea imports on Wednesday.
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February 16, 2024, 11:59 AM - 2 min read
"On the basis of the duly substantiated application by the domestic industry, and having satisfied itself, on the basis of prima facie evidence submitted by the applicant substantiating the dumping and consequent injury to the domestic industry, the authority hereby initiates an anti-dumping investigation into the alleged dumping," the notification said.
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