Archive

Archive for the ‘Trade (Import-Export)’ Category

Export Promotion Scheme: DEPB

September 26, 2011 Leave a comment

 

Delayed demise of DEPB scheme

A nice article that explains DEPB and duty drawback scheme for exporters.

Read more…

Iron ore exports from India to decline in FY ’11

Slowing demand from China, the largest producer of steel in world, and a ban on exports by the state of Karnataka has resulted in sharp decline in India’s iron ore exports in the first half of the current fiscal even as the global prices remain reasonably strong.

The Federation of Indian Mineral Industries (FIMI) expects that iron ore exports from India to decline by around 20% at least over the current fiscal as the slowing demand from key importers, high export duty imposed by the central government and ban by Karnataka hits India’s shipments. Read more…

India’s Key Economic Indicators

March 8, 2011 1 comment

A brilliant summation of economic indicators: http://eaindustry.nic.in/Key_Economic_Indicators/Key_Economic_Indicators.pdf

The indicators included are:

  • Agricultural – Foodgrain Production
  • Employment & Unemployment Indicators
  • Performance of Core industries
  • Performance of Index of Industrial Production
  • Wholesale price index and inflation
  • Food and non-food credit of scheduled commercial banks
  • Sectoral deployment of bank credit
  • World commodity prices

Exports at a 2-year high; rising rupee a concern

October 26, 2010 Leave a comment

While India’s trade statistics reflect a positive light, a cause of concern is the appreciation in Indian Rupee vis-à-vis USD. Indian Rupee has appreciated by 5% during April-September 2010, compared to the year-ago level. This appreciation in rupee results in lower revenues for Indian exporters. Read more…

Categories: Trade (Import-Export)

India’s Trade grows by over 23% during June 2010 quarter

August 3, 2010 Leave a comment

PIB released the latest (provisional) trade figures for the month of June 2010 and the corresponding quarter.

Click

Categories: Trade (Import-Export)

India’s trade falls in 2009-10

Slowdown in the global economy had led to a year-on-year decline in exports from and imports into India. A sharp fall in exports began in October 2008 and continued until September 2009. Low base effect, coupled with a marginal revival in the global economy, enabled growth from October 2009 onwards. During financial year April-March 2009-10, India’s merchandise exports dropped to $176.5 billion, down by 4.7% compared to the previous year.

A fall was recorded in exports of engineering goods, electronics, handicrafts, carpets and cotton yarn during the year. Marine products, iron ore, tea, tobacco, fruits and vegetables and man-made fibres reported a growth.

The recovery in exports has been dramatic as exports during April-November 2009 were 22.3% below the year-ago level.  Read more…

Categories: Trade (Import-Export)