'China Plus One' narrative sinks as Chinese share of global exports rises
China's share in the global exports market has increased by 1.7% in the last five years
China's share in the global exports market has increased by 1.7% in the last five years
Exports as % of GDP have remained rangebound in recent years.
The scheme was implemented in January 2021, as a remission scheme on exports.
Shifting assembly and procurement to India could lead to potential cost savings ranging from 25% to 40%, says Boston Consulting Group.
The decline in exports was partially softened by the resilience shown in services exports
An export development fund with a corpus of ₹5000 crore for aggressive overseas marketing by MSMEs can go a long way in showcasing Indian products globally, says FIEO.
Services exports should be given a more prominent place under ODOP-DEH, says SBI Research
Exports remained above $30 billion for twelve consecutive months during April 2021 to March 2022.
India's export will get impacted by soaring commodity prices as majority of them are value added products of imported commodities, pushing India to bank more on IT services.
The Finance Bill, 2022 has introduced Section 135 AA in the Customs Act of 1962 making unauthorised publishing of trade data a punishable act.