India's merchandise exports in August 2021 rose to $33.28 billion, higher by 45.76 per cent on a year-on-year basis, official data showed on Tuesday.
The government’s decision to release the pending export incentive dues worth Rs 56,027 crore will help the sector in increasing competitiveness and easing liquidity crunch, according to exporters.
India’s total merchandise exports are expected to grow by 33 per cent during the second quarter of FY22, the Export-Import Bank of India said on Friday.
India's exports jumped 45.17 per cent to USD 33.14 billion in August as against USD 22.83 billion in the same month last year, according to the commerce ministry's provisional data.
The report from federal prosecutors and the Federal University of Minas Gerais found indications of illegality related to 48.9 tonnes of gold in the two-year period.
ASEAN, with over 15 percent share in India's global engineering shipments, is likely to be a key region to focus on with a target of around $16 billion of exports for 2021-22, she said.
Regarding employment, the minister said that more than 54,000 startups are providing 5.5 lakh jobs, and more than 20 lakh jobs will be created by 50,000 new startups in the next five years.
The state government on Saturday engaged six wholesale dealers to export Aavin products to the US among several countries.
Bilateral trade with Afghanistan has been impacted and Indian exporters are concerned about their payments as banking services and remittances may face restrictions due to the ongoing situation in...
Firmed-up global prices have brightened the prospects of sugar exports from India for the 2021-22 marketing year starting October, even without the government subsidy, rating agency ICRA said on...