The FTP is likely to include key elements from a national logistics policy that has been in the works for months. Over the next five years, this policy aims to reduce logistics costs from 13% to 8% of GDP, significantly improving India’s trade competitiveness. Even though certain key export schemes, such as those relating to […]
The Indian Pulses and Grains Association (IPGA) said on Wednesday that India’s supply-demand situation for chickpeas (chana) and lentils (masoor dal) is tight, and the government should revisit import duties on these two pulses to encourage overseas purchases in the coming months. The world’s largest importer of chickpeas and lentils currently charges a 50% tariff […]
Indian cereal exports, particularly wheat exports, became more profitable as world prices rose. The global cereal price index of the United Nations Food and Agriculture Organization is currently at 125.1, the highest level since May 2014. Despite the Covid blues, India exported a record 19.8 million tonne (MT) of rice and wheat in FY21, owing […]
According to the Commerce Ministry’s data, the gold import, which has a bearing on the country’s current account deficit (CAD), zoomed to USD 6.3 billion for April due to a surge in domestic demand. However, the Silver imports dipped by 88.53 percent to about USD 11.9 million in the month. Gold import stood at USD […]
According to the latest data released by the Commerce and Industry Ministry on Friday, the overall exports (merchandise and services) of India are estimated to have grown 93.21 percent to $51.79 billion in April on a low year-on-year (YoY) basis. Merchandise exports nearly tripled in April to $30.63 billion compared to the same period last […]
