Exports
The situation is not different for other durables. India’s imports of washing machines and laundry machines are 484 per cent higher than exports. In 2018-19, the country imported Rs 1,670.78 crore worth machines against exports of Rs 286.24 crore. While the imports went up 33 per cent from Rs 1,258 crore in FY18 to Rs 1,670 crore in FY19, exports dipped 10 per cent from Rs 320 crore to Rs 286 crore in one year’s time.
Imports of consumer durables soar in FY19
29 Jul 2019 2:32 AM

FTAs helping imports even as India’s exports come down.

A container vessel docked at the West Coast container port in Singapore. (Photo: Roslan Rahman/AFP)
S’pore woes ring trade alarm bells
22 Jul 2019 5:16 AM

Beijing and Washington have slapped each other with punitive tariffs covering more than $360 billion in two-way trade.

India will leverage its existing strength in electronics manufacturing and strong talent pool to position itself as an export hub for electronics products, said Ravi Shankar Prasad. (Photo: File)
Prasad promises to take Broadband to masses; sees India as export hub for electronics
01 Jul 2019 6:05 PM

IT and Telecom Minister Ravi Shankar Prasad said availability of broadband and mobiles is an essential component of Digital India.

Since 2011-12, India's exports have been hovering at around USD 300 billion. (Photo: Representational)
Commerce ministry seeks stakeholder comments for next foreign trade policy
01 Jul 2019 4:36 PM

During 2018-19, the overseas shipments grew by 9 per cent to USD 331 billion.

The total duty concessions accruing on account of the GSP were USD 240 million in 2018 which was about 3.8 per cent of the value of India's exports to the US availing GSP benefits in 2018, Commerce and Industry Minister Piyush Goyal said in a written reply to the Rajya Sabha. (Photo: File)
India's exported USD 6.3 bn worth of goods in 2018 under export incentive of US
21 Jun 2019 10:55 PM

The US has rolled back incentives under its Generalised System of Preferences (GSP) programme from June 5.


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