New Delhi [India], August 13: India, with its vast agricultural landscape, stands as a global agricultural powerhouse. Despite employing over half of the country's workforce, the agricultural sector contributes only 20.2 per cent to India's GDP, according to the Indian Economic Survey 202
Quarterly report of Exim Bank suggests that the country's economy continues to demonstrate strong activity, driven by sustained momentum in both the manufacturing and services sectors. Additionally, expected global monetary easing and improving demand prospects from trading partners are like
Union Commerce Minister Piyush Goyal, speaking at the India International Footwear Fair (IIFF) 2024 on Thursday, asked the footwear manufacturers to aim USD 50 billion export target by 2030.
Recent political upheavals and social unrest in Bangladesh, which is the second largest exporter of readymade garment, present an opportunity for the Indian garment makers, asserted CareEdge Ratings in a report.
Government has lifted the onion export prohibition from May 4, 2024 and has allowed the export with minimum export price of (MEP) of USD 550 per MT and export duty of 40 per cent.
ndia's seafood industry has experienced notable growth over the past five years, marked by increasing production and export volumes as well as rising export values.
Sahai mentioned, "Further investment in Bangladesh definitely must have been put on hold, but beyond that, I think they are simply watching the situation and hoping that it normalizes so business can continue as usual."
In terms of exports, MSME products have maintained a substantial share in India's overall export figures. According to data from the Directorate General of Commercial Intelligence and Statistics (DGCIS), the share of MSME-specified products in total Indian exports was 45.03 per cent for the
PM Modi tweeted, "This is indeed a matter of immense joy. India's prowess in electronics is powered by our innovative Yuva Shakti. It is also a testament to our emphasis on reforms and boosting @makeinindia . India remains committed to continuing this momentum in the times to come."
The latest data from the U.S. Energy Information Administration (EIA) reveals that liquefied natural gas (LNG) exports from the United States to India have shown noteworthy developments in recent months.