Commerce Ministry data: October Exports Surge by 19.1%; Up 7.3% in April-October of 2024-25

14 Nov 2024

India's combined exports of merchandise and services in October 2024 saw a robust 19.07% growth, reaching USD 73.21 billion, according to Commerce Ministry data released on Thursday. This marks a notable rise from the USD 61.48 billion reported in the same month last year. Merchandise Exports: Increased from USD 33.43...

Indian Government Lifts Price Threshold on Onion Exports

13 Sep 2024

The Indian government announced on Friday the removal of the minimum export price (MEP) for onions, which had previously been set at USD 550 per tonne. This decision is intended to benefit Indian farmers by allowing them to take advantage of the current international glut of onions and boost exports....

Israel-Palestine Conflict: Plea Filed in SC to Halt Indian Arms Exports to Israel

04 Sep 2024

A petition has been submitted to the Supreme Court of India seeking an immediate suspension of all licenses permitting the export of arms and military equipment from India to Israel amidst the ongoing Israel-Palestine conflict. The plea calls for the cancellation of any existing licenses and a halt to the...

India Hits Historic High: USD 778 Billion in Exports for 2023-24

15 May 2024

India recorded a landmark achievement in the financial year 2023-24, with exports reaching an unprecedented USD 778 billion, according to sources within the commerce ministry. This marked a notable increase from the USD 776.3 billion recorded in 2022-23. Services exports notably surged from USD 325.3 billion to USD 341.1 billion,...

Services sector posts sharpest expansion in 14 yrs

07 May 2024

India’s service sector made a strong start to the first fiscal quarter as new business in terms of total sales and output registered the sharpest expansion in 14 years taking the seasonally adjusted HSBC India Services Business Activity Index to 60.8 in April. Despite falling from 61.2 at the end...

China stops Nepal’s trucks at border point

03 May 2023

Officials cited by the Kathmandu Post have reported that Beijing has introduced a new regulation that prohibits trucks from Nepal from crossing the border with China at Tatopani. Instead, their cargo must be transferred to Chinese trucks for transportation to destinations in Tibet. Nepal's exports through the Tatopani border point,...

$750 bn exports in FY23 in sight, Goyal turns global eye on India’s highs

14 Mar 2023

With India marching towards USD 750 billion of exports in the fiscal year 2022-23, Minister of Commerce and Industry Piyush Goyal, on Monday called upon industry to tap the many competitive advantages that the country offers, with its focus on high quality of goods and achieving economies of scale. At...