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
The BIS Triennial Central Bank Survey of 2022 reports that only 1.62% of global transactions are settled in Indian rupee
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.
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.
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.
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
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%.
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.
A list out 51 medical problems including several metabolic disorders has been brought under the duty exempted category for import for personal use.
India’s overall exports (Merchandise and Services combined) in April-February 2022-23 are estimated to exhibit a positive growth of 16.18% YoY
Imports of solar cells and modules stood at ₹21,850 crore in 2022.