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| 08 August, 2020, 02:37 AM IST | E-Paper
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    Insights

    India's export order books improving but labour shortage is still an issue, say exporters

    India's exports fell for the fourth straight month in June as shipments of key segments like petroleum and textiles declined but the country's trade turned surplus for the first time in 18 years as imports dropped by a steeper 47.59%

    Exporters body EEPC India urges Centre for restoration of incentive scheme benefits

    Engineering Export Promotion Council of India (EEPC) statement said that the scheme has been stopped by the Revenue Department.

    Dispute up a notch: WTO sets up 2 more dispute panels against India’s import duties

    However, New Delhi said it would not agree to the establishment of a single panel to review the complaints of Japan, Taiwan and the EU since there were vast differences in the three complaints.

    India can be among top-5 agri goods exporters with effective policies: Report

    One key focus area could be cultivating horticulture crops that conform to the quality, colour, shape and chemical contents acceptable in foreign countries or which are fit for further processing.

    Falling imports, moderate crude to help post 0.4% current account surplus, first since FY04: Study

    After many quarters, the economy logged in a marginal current account surplus in June quarter at 0.1 per cent or USD 600 million as against a deficit of USD 4.6 billion or 0.7 per cent of GDP in FY19, according to the latest Reserve Bank data. For fiscal 2020, CAD improved to 0.9 per cent of GDP from 2.1 per cent in FY19.

    The world's 6.5 billion people make a lucrative market, but reaching them is a task

    With domestic market subdued and demand staying lackluster, can Indian exports provide a cushion to the economy? A closer look at the composition of our trade and trading partners point to some interesting trends.

    Government lifts export ban on non-woven fabric used for making masks and coveralls

    Last month, India allowed the export of personal protective equipment(PPE) medical coveralls with a monthly quota of 50 lakh. It also permitted the export of non-surgical/non-medical masks made up of rayon, nylon, polyester, viscose fabrics in woven, blended and knitted form in addition to masks made up of cotton, silk and woollen.

    Not against imports, have to import products where we have difficulty: Piyush Goyal

    “We will need to import certain products where we have difficulty. Every country can’t produce everything...Every country can’t be competitive in everything,” Goyal said at a virtual event of the Bombay Chamber of Commerce and Industry.

    A weakening WTO is leading to increased regional trade agreements, but India’s tryst with FTAs isn’t very good

    Post Covid-19, with a weakening WTO, regional trade agreements will become de rigueur. However, India’s experience so far in preparing for and negotiating FTAs needs a relook.

    Trade shows play a vital role in expanding our exports. What do you do when you can’t go to one?

    To virus-proof trade shows, most organisers have chosen to take them online. But are virtual versions of trade fairs effective and a good substitute to the real-world experience?

    India’s growing economic reliance on China may be tough to break

    India’s growing economic reliance on China may be tough to break

    Following a border clash in which several soldiers on both sides were killed, calls have been growing in India for a boycott of everything Chinese. PM Modi’s government this week banned the use of 59 Chinese apps. Goods purchased from China are being delayed at Indian ports, and authorities are planning to impose higher tariffs and stringent quality controls on shipments.

    Customs begins clearing stuck Chinese shipments

    Customs begins clearing stuck Chinese shipments

    India Inc had petitioned the PMO as delays were hurting the process of normalisation that had begun June 1 with Unlock 1.0. Indian industry relies heavily on inputs from China for its factories and the development threatened to disrupt production.

    Long road ahead for export recovery: Report

    Long road ahead for export recovery: Report

    Export recovery, which may begin from the second quarter, could get further delayed if the border standoff with China lingers on, an India Ratings report said, adding ability of export-oriented manufacturers to keep up supply will remain key to navigating the path to recovery.

    IHGF-Delhi Fair goes virtual to tap diverse pool of overseas buyers, online brands

    IHGF-Delhi Fair goes virtual to tap diverse pool of overseas buyers, online brands

    As a precursor to this fair, the Council organised two products specific shows which had a combined visit of 2700 overseas buyers and collective business enquiries of more than Rs 400 crore.

    Indian customs may start inspection of all imports from China at ports and airports

    Indian customs may start inspection of all imports from China at ports and airports

    No formal instruction has been issued to stop clearances, but these consignments are likely to face 100% check, they said. "From midnight Monday clearances were stalled," said one of the persons.

    Trade pacts under lens as India seeks to check Chinese imports

    Trade pacts under lens as India seeks to check Chinese imports

    Delhi probes trade deals that are leading to preferential rates being lower on finished products.

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