
India's exports rise 30% in April
Labour-intensive sectors also contributed to the exports basket, which itself is a good sign, further helping job creation in the country.
Labour-intensive sectors also contributed to the exports basket, which itself is a good sign, further helping job creation in the country.
The government warned that many countries in the immediate neighbourhood are facing severe fuel shortages and chaos due to high fuel inflation.
The medical devices sector is 70-80% import dependent in India.
Record rise in services exports propelled India’s overall exports to an all-time high of $669.65 billion in FY22.
The current account deficit was at 2.7% of the GDP in the third quarter of financial year 2021-22.
PM Modi said it is a strange situation that iron ore is exported from India, which subsequently imports steel products from the same countries where iron ore is exported.
The country's merchandise exports increased 25.3% year-on-year last month to $34.5 billion.
Share of manufacturing remains virtually static since FY12, despite import substitutions and PLIs to boost domestic manufacturers.
Regulations on the import of non-ferrous metals need to be revisited to empower the domestic market, says Hindustan Zinc CEO Arun Misra.
Global experiences show free-and-fair competition and level-playing field are critical for innovation, efficiency and expansion of the economic pie.