New Delhi, June 23 (IANS) While India remains one of the world’s largest suppliers of generic medicines and a major provider of vaccines and essential drugs, its global export share in pharmaceuticals and Active Pharmaceutical Ingredients (API) remains modest at 2.8 per cent, indicating scope for expansion amid rising global demand for medicines, biologics, and speciality therapeutics, a NITI Aayog report said on Tuesday.Global pharmaceutical and API import demand is valued at approximately $1…
Latest Export competitiveness News & Updates
New Delhi, June 23 (IANS) Commerce and Industry Minister Piyush Goyal said on Tuesday that the India-UK Comprehensive Economic and Trade Agreement (CETA) is a truly people-centric pact that will benefit Indian farmers, businesses, artisans, and people across the country.”By unlocking the premium UK market, it creates attractive global opportunities for women entrepreneurs, youth, startups and MSMEs, while empowering the underprivileged without compromising India’s core interests,” the minister s…
New Delhi, May 30 (IANS) The government’s decision to temporarily exempt all customs duties on cotton imports will improve raw material availability and ease pressure on the textile and apparel value chain, the industry said on Saturday.Welcoming the government’s move, the Apparel Export Promotion Council (Apparel Export Promotion Council) said the measure is expected to reduce input costs, improve cotton availability, and enhance the competitiveness of Indian textile and apparel exports, partic…
New Delhi, May 17 (IANS) Pakistan’s prolonged focus on “economic stabilisation” without meaningful structural reforms risks trapping the country in a cycle of stagnation and recurring crises, a report has said.The report came after Prime Minister Shehbaz Sharif acknowledged that the ongoing US-Iran conflict had negatively impacted Pakistan and other economies in the region through rising energy prices, geopolitical uncertainty and disruptions in trade and supply chains, according to an edi…
New Delhi, April 22 (IANS) Although nearly half of Pakistan’s workforce is engaged in the agriculture sector, the country is becoming increasingly dependent on food imports to feed its population, which reflects the failure of the country’s farm policy, according to an article in the Karachi-based Dawn newspaper.The surge to over $7bn in food imports within nine months of the present fiscal year is difficult to explain for a country endowed with vast arable land, diverse climate and a large …
New Delhi, March 6 (IANS) While the Iran war has already driven Brent crude up around 9 per cent to near $80 per barrel and LNG prices by around 50 per cent in the global market, India has sufficient foreign exchange reserves, a low current account deficit (CAD) of 0.8 per cent of GDP in H1 FY26, and low inflation rates, which collectively allow it to effectively mitigate the impacts of rising global crude oil prices and ensure domestic energy security, according to the Finance Ministry’s mont…
New Delhi, March 2 (IANS) India’s experience demonstrates that import substitution and export strength can move together when approached strategically. Across sectors, from mobile phones and medicines to automobiles and defence, the push is to build in India not only for domestic needs, but for global markets as well, according to an official factsheet issued on Monday.As local capacity expands and imports reliance falls, many industries also gain the scale to export more, strengthening the ex…
New Delhi, Feb 2 (IANS) Union Budget 2026‑27 marked a “pragmatic approach” with “no fireworks,” laying the groundwork for a stable medium‑term growth environment, without focusing on immediate catalysts for equity markets, a report has said.Global Brokerage Jefferies India in the report lauded the renewed emphasis on capital expenditure, particularly in defence, which was enabled by slower fiscal consolidation.The brokerage also welcomed support for data centres and electronics compo…
New Delhi, Jan 22 (IANS) Federation of Indian Export Organisations on Thursday urged the government to use the Union Budget 2026 to tackle cost competitiveness issues faced by exporters through customs duty rationalisation and tax incentives.FIEO proposed five measures ranging from customs duty rationalisation to support for domestic shipping lines and enhanced tax incentives for R&D.The industry body argued targeted fiscal support and policy certainty are essential as India competes for glo…
New Delhi, Jan 14 (IANS) The NITI Aayog on Wednesday released the Export Preparedness Index (EPI) 2024, a comprehensive assessment of export readiness across India’s states and Union Territories.Aligned with India’s objective of achieving $1 trillion in merchandise exports by 2030 and the vision of Viksit Bharat @2047, the Export Preparedness Index provides an evidence-based framework to evaluate the strength, resilience, and inclusiveness of subnational export ecosystems. The Index identifies…