Aided by services, India to achieve $750 billion export target in FY23: Govt
India’s overall exports (Merchandise and Services combined) in April-February 2022-23 are estimated to exhibit a positive growth of 16.18% YoY
exports
March 2023
February 2023
January 2023
How Russian Oil Bulked Up India's Exports
Import of petroleum-related products from Russia accounted for $27.7 billion in April-December 2022, a 700 % increase from $3.4 billion a year ago.
India to be $850-$1,000 billion chemicals hub by 2040
In the fastest-growing segment among the three main segments of the chemical sector, the net exports of specialty chemicals are expected to rise around 10 times.
Solar equipment imports drop 25%; exports up 3x in indigenisation push
Imports of solar cells and modules stood at ₹21,850 crore in 2022.
Exports dip 6.6% to $33 bn in Jan; trade deficit at $17.7 bn
India's trade deficit ballooned to $83.5 billion in FY22, a manifold rise from Covid-hit year of 2020-21 when it was $13.2 bn, shows govt data
Budget 2023: Customs duty tweaks will help domestic production, exports, say stakeholders
The changes in the customs duties will help to provide competitiveness to manufacturing and exports besides attempting import substitution, the FIEO has noted.
Budget 2023: Spike in imports; fall in exports
India vastly depends on imported crude oil to meet its energy requirements.
Budget 2023: Current account deficit widens to $36bn; 4.4% of GDP
The current account deficit (CAD) widened to $36.4 billion in Q2 FY23, from $18.2 billion in Q1 of the fiscal.
As exports decline, industry seeks budgetary support for district MSME 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.
India’s exports decline 5.2% YoY to $61.82 bn in Dec
During the month, the imports declined by 1.9% YoY to $73.80 billion as against $75.27 billion in December 2021.
