Exporters are keeping their fingers crossed due to rising Covid infections globally on account of emergence of Omicron variant as it could again disrupt supply chains and affect demand for goods, industry leaders said on Monday. According to medical experts, Omicron is highly contagious and it is likely to affect a lot more people in a very short time, which in turn could impact global demand and disrupt supply chains, which have not yet returned to normalcy, the Federation of Indian Export Orga

Economic recovery will continue to need both fiscal and monetary policy support, and while the global recovery may help exports, the government will have to act swiftly in correcting the protectionist stance and fast-tracking trade agreements, experts said on Tuesday. Data released by the National Statistical Office( NSO) showed that the Indian economy grew by a record 20.1 per cent in the April-June quarter, helped by a very weak base of last year and a sharp rebound in the manufacturing and se

The proposed free trade agreement( FTA) with the UAE can result in enhanced exports of several sectors, including gem and jewellery, engineering, leather goods and chemicals to the Emirates as the pact would enhance competitiveness of domestic traders, according to exporters. India has started negotiations for the agreement with the UAE, which is the third largest trading partner of New Delhi. Under a free trade agreement, two trading partners reduce or eliminate customs duties on the maximum nu

This is more than USD 145.3 billion the world's top oil exporter, Saudi Arabia expects from oil sales in 2021. With the largest engineering population in the world, the software export story was seeded about four decades ago and has huge potential to go up further.... The government may consider giving a push to container manufacturing in the country as we require a large number of containers for inland coastal shipping," he suggested. Since January this year, exports are mostly recording doubl

Outbound shipments from India saw 2.17 per cent contraction in May to$ 38.73 billion, mainly due to a fall in global crude oil prices.... The deficit stood at$ 22 billion in May, 2024.... Despite the overall decline in merchandise exports, shipments to the US grew by nearly 17 per cent at$ 8.83 billion as exporters frontloaded shipments during America’s 90-day pause on country-specific reciprocal tariffs....