Bangladesh joins Rupee cohort, sign deals to settle trade in rupees
The BIS Triennial Central Bank Survey of 2022 reports that only 1.62% of global transactions are settled in Indian rupee
imports
April 2023
March 2023
February 2023
India's maize productivity trails global average; needs tech interventions
India produced 31.65 million MT of maize in 2020-21, with more than half of output coming from Karnataka, MP, Maharashtra, Tamil Nadu, and West Bengal.
Goods exports grow slower than services as India sets new record of $770 bn in FY23
Commerce secretary Sunil Barthwal termed India’s export performance as a big achievement, given the global macroeconomic conditions that have slowed down economic growth in most parts of the world.
India's merchandise exports rise to $447 bn in FY23
Merchandise exports dropped 13.9% year-on-year to $38.38 billion in March while imports fell 7.9% year-on-year to $58.11 billion.
FTP 2023: Can it navigate the new world order?
Critical policies like import barriers, providing PLIs, keeping out of mega trading blocs of RCEP and IPEF call for a mandatory review before new policy formulations
CAD to moderate to 1.6% of GDP, exports to contract by 5% in FY24: CareEdge Ratings
The rating agency projects imports to contract by 4% in FY24 on the back of healthy growth in FY23, which is estimated to be at 15%.
Incentive boosters to help Indian API industry grow at 7-8% over 3-4 years
India imported ₹35,000 crore worth of APIs and bulk drugs in FY22, accounting for 35% of its total API requirement, of which China accounted for 65-70% share.
Now no customs duty on import of 'rare disease' medicines for personal use
A list out 51 medical problems including several metabolic disorders has been brought under the duty exempted category for import for personal use.
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
Solar equipment imports drop 25%; exports up 3x in indigenisation push
Imports of solar cells and modules stood at ₹21,850 crore in 2022.
