However, the growth momentum slowed in June, with merchandise exports increasing by only 2.6 per cent year-on-year, down from 9.1 per cent in May. This deceleration was largely attributed to an 18.2 per cent contraction in oil exports.
Congress leader Jairam Ramesh emphasized on Tuesday that the upcoming budget's success will be measured by its potential to revive and rejuvenate India's Micro, Small, and Medium Enterprises (MSMEs). He also targeted the central government, attributing the decline of MSMEs to factors such
The central government has extended the exemption of a particular kind of inspection certificate for rice exports, both basmati and non-basmati, to certain European nations by another six months.
Hajipur-based Competence Exports, a private limited company, makes safety shoes for companies based in Russia and designer shoes catering to European markets.
India's exports in the first quarter of 2024-25 (April-June) crossed the USD 200 billion mark and the government is optimistic about reaching the full-year target of USD 800 billion.
In June 2024, the trade deficit stood at USD 8.00 billion, up from USD 7.00 billion in June 2023. This USD 1 billion increase highlights a growing gap between the country's imports and exports, raising concerns among economists and policymakers about the underlying economic dynamics.
This growth rate marked a slowdown from the 5.3 per cent growth observed in the first quarter. Additionally, June's retail sales saw an increase of 2 per cent, falling short of the expected 3.3 per cent growth.
New Delhi [India], July 12: MBD Group, an embodiment of excellence, reliability, and expertise across various sectors including Education, EdTech, Skill Development, Capacity Building, Exports, Hospitality, Food & Beverage, Malls, Realty, Design & Construction, Residences, and Commer
The US-India Tax Forum has submitted its recommendations on tax amendments for the Union Budget 2024-25, to be presented by the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, on July 23. The Tax Forum said it was recently invited to present industry recommendations on
With domestic defence production surging to a record-breaking Rs 1.27 lakh crore in FY 2023-24, marking a 16.7 per cent increase over the previous year and a staggering 60 per cent growth compared to 2019-20, India has solidified its position as a rising global defence powerhouse.
New Delhi [India], July 3: Anticipating a boost in the manufacturing sector, signing of the FTAs, the recent growth in the textile exports, bundled with the Indian government's focus on making India a 'global manufacturing hub' has set up encouraging prospects for the stakeholders of the Ind
India reported sustained growth in services sector output in June, with the rate of expansion quickening from May's five-month low amid a stronger rise in new orders, according to HSBC India Services PMI survey released on Wednesday.