New Delhi, April 15 (IANS) India’s merchandise trade deficit narrowed to $20.67 billion in March this year as the country’s exports rose 6.3 per cent to $38.92 billion from $36.61 billion in February, according to official figures released by the Commerce Ministry on Wednesday.Commerce Secretary Rajesh Agrawal said that India’s total exports for 2025-26 have crossed $860.09 billion to record a 4.22 per cent growth over the corresponding figure of $825.26 billion for 2024-25. India’s impo…
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New Delhi, April 5 (IANS) India’s pharmaceutical exports reached over $28 billion up to February in the current financial year, registering a growth of more than 5 per cent compared to the same period last year, a senior government official has said.Speaking at the inaugural session of the ‘Chintan Shivir: Scaling Up Pharma Exports’, the official highlighted that the growth was led by formulations, biologicals, vaccines, and Ayush products.“Despite global challenges, pharmaceutical expor…
New Delhi, April 4 (IANS) The government is working to ensure minimal disruption to supply chains amid global uncertainties, while remaining prepared for a potential dip in exports and imports, Commerce Secretary Rajesh Agrawal said on Saturday.Addressing the press conference on the sidelines of a ‘Chintan Shivir’ session in Hyderabad, Agrawal told the media that the initiative aims to bring together government and industry stakeholders to identify challenges and chart a clear roadmap.The offi…
New Delhi, March 28 (IANS) Union Commerce and Industry Minister Piyush Goyal has stressed the importance of consensus-based decision-making and addressing structural imbalances in global trade as WTO members deliberated on reform issues during the second day of the 14th Ministerial Conference (MC14) in Cameroon.Leading the Indian delegation, Goyal said that consensus remains the bedrock of the WTO’s legitimacy and cautioned against undermining the sovereign right of members to not be bound by …
New Delhi, March 27 (IANS) Union Commerce and Industry Minister Piyush Goyal has said that WTO reforms must be pursued through a transparent, inclusive and member-driven process, with development at its core, at the ongoing 14th Ministerial Conference (MC14) in Yaounde, Cameroon, an official statement said on Friday.He also underlined the need to uphold key principles such as non-discrimination, consensus-based decision-making and equity.On the sidelines of the conference, Goyal met Cameroon Pri…
New Delhi, March 20 (IANS) India will make a strong pitch for further strengthening the world trade organisation (WTO) in its support for a fair multilateral global trading system, at a ministerial conference scheduled to be held in Cameroon from March 24–29 amid growing protectionism and geopolitical uncertainty around the world.The Indian delegation at the WTO conference will be led by Commerce and Industry Minister Piyush Goyal, who will accompanied by Commerce Secretary Rajesh Agrawal and …
New Delhi, March 19 (IANS) The government on Thursday launched a new scheme called Resilience and Logistics Intervention for Export Facilitation (RELIEF) to help Indian exporters deal with disruptions caused by the ongoing crisis in West Asia, aiming to ensure smooth trade and protect the country’s market share.Commerce Secretary Rajesh Agrawal announced the RELIEF scheme, saying it is part of the government’s broader Export Promotion Mission.He described it as a carefully designed support p…
New Delhi, March 4 (IANS) India has highlighted the potential for growth in exports to Japan in sectors such as textiles, pharmaceuticals, agriculture, and services, at a high-level meeting in Tokyo, for achieving a more balanced bilateral trade relationship, according to a statement issued by the Ministry of Commerce and Industry on Wednesday.During the 7th Joint Committee meeting under the India–Japan Comprehensive Economic Partnership Agreement (CEPA) held this week, both sides reviewed iss…
New Delhi, Feb 16 (IANS) India’s combined merchandise and services exports recorded a 13.16 per cent increase to $80.45 billion in January this year, compared with $71.09 billion in the same month of the previous year, data released by the Commerce Ministry on Monday showed.The country’s merchandise exports rose 0.6 per cent year-on-year to $36.56 billion in January, despite the global economic uncertainties, the data showed.Cumulative exports of both merchandise and services (April–January)…
New Delhi, Feb 11 (IANS) India’s participation as ‘Country of the Year’ at the ‘BIOFACH Germany 2026’ underscores its growing role in the global organic ecosystem, an official statement said on Wednesday.The ‘BIOFACH Germany 2026’, world’s leading trade fair for organic products, was held in Nuremberg, and the Agricultural and Processed Food Products Export Development Authority (APEDA) led India’s participation with a prominent and high-impact presence, highlighting the countr…