New Delhi, July 26 (IANS) India’s export footprint continues to expand across diverse global markets, reflecting the growing competitiveness of Indian products and stronger trade partnerships, the Ministry of Commerce and Industry said on Sunday.The Ministry said the country’s merchandise exports continue to demonstrate resilience, supported by sustained demand and deeper engagement with international markets.”India’s export footprint continues to expand across diverse global markets, reflecting…
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New Delhi, July 26 (IANS) China’s GDP growth slowed to a mere 4.3 per cent in the second quarter this year due to declining domestic demand, reflecting the worsening structural imbalance in the export-dependent economy.“The main factor dragging down GDP growth was nosediving fixed-asset investment (FAI). Real estate investment dropped by 18.0 per cent, the largest contraction for a half-year on record. But FAI also fell in road building, education, healthcare, and construction. This suggests…
New Delhi, July 20 (IANS) The overall gross gems & jewellery exports rose 26.5 per cent to $2212.6 million in June 2026 after prolonged decline, according to industry data.Q1 FY27 period (April–June 2026) exports edged up 0.04 per cent to $6612.21 million compared to corresponding period in the previous year.Gross imports grew by 10.06 per cent in June 2026 to $1720.6 million, whereas a decline of 5.9 per cent to $4974.8 million was seen in Q1 FY27 period. The positive shift is more notabl…
New Delhi, July 15 (IANS) The Union Cabinet — chaired by Prime Minister Narendra Modi — on Wednesday approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore to scale up domestic production, boost exports and strengthen India’s position as a global electronics manufacturing hub.The scheme — which will run for five years from FY2026-27 to FY2030-31 — aims to strengthen supply chain resilience, enhance global competitiveness and encourage the development…
New Delhi, July 3 (IANS) Commerce and Industry Minister Piyush Goyal said on Friday that India is aiming to achieve an ambitious target of $1 trillion in exports during the current financial year, with a robust double-digit growth from $863 billion in 2025-26. Addressing the Board of Trade Meeting here, Goyal said the country is targeting a 17 per cent surge in merchandise exports to about $530 billion, while services exports are projected to increase by around 11 per cent to nearly $470 billion…
New Delhi, July 1 (IANS) India’s manufacturing PMI stood at 54.2 in June, signalling continued expansion in the sector, according to the HSBC Flash India PMI data released on Wednesday.The seasonally adjusted PMI remained comfortably above the 50-mark that separates expansion from contraction, indicating a sustained improvement in operating conditions across the manufacturing sector.According to the data, the HSBC India Manufacturing Purchasing Managers’ Index (PMI) came at 54.2, although the pa…
New Delhi/Agartala, June 27 (IANS) Tripura Agriculture and Farmers’ Welfare Minister Ratan Lal Nath on Saturday said that the Tripura Global Pineapple Festival 2026, organised in New Delhi, is aimed at realising Prime Minister Narendra Modi’s vision of ‘Vocal for Local’ and ‘Atmanirbhar Bharat’. Addressing the Tripura Global Pineapple Festival 2026, the Minister said that the event will showcase Tripura’s agricultural excellence and rich cultural heritage on the global stage.He said that the pri…
New Delhi, June 24 (IANS) India can significantly strengthen its position in the global pharmaceutical industry by moving beyond volume-led exports and focusing on higher-value products such as biosimilars, speciality drugs and advanced therapies, according to Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings.In an interaction with IANS, Sharma said India already enjoys a leadership position in the global generics market, accounting for around 20 per cent of generic medicine exports w…
New Delhi, June 23 (IANS) India, which is one of the world’s largest suppliers of generic medicines and a major provider of vaccines and essential drugs, needs to make a quantum jump into manufacturing high-value pharmaceuticals and Active Pharmaceutical Ingredients (API), and there has to be strong Production Linked Incentive (PLI) schemes to achieve this, economists said on Tuesday.Commenting on the NITI Aayog report on pharmaceutical trade that came out on Tuesday, economist Ved Jain told I…
New Delhi, June 18 (IANS) The signing of the US‑Iran Memorandum of Understanding is a significant breakthrough that will reshape global trade dynamics and provide a macro‑economic breather for India’s export‑import community acting as a “logistical game-changer”, industry body FIEO said on Thursday.The conflict in West Asia suppressed India’s trade volume particularly with the Middle East and the US-Iran pact is expected to unlock pent‑up consumer and industrial demand, said S C Ralh…