Industry cheers export nos; seeks restoration of drawback rates

Last Updated: Monday, November 11, 2013, 19:49

"The steady rise in exports augurs well for the economy. Growing exports reflect the dynamism of Indian exporters as well as the impact of proactive support from the Government," Ficci President Naina Lal Kidwai said.

Exports rise 13.47% in Oct to a 2-year high even as trade gap widens

Last Updated: Monday, November 11, 2013, 15:45

Recovery in global markets pushed the country's exports to a two year high of 13.47 percent to USD 27.2 billion in October even as trade deficit worsened on account of rise in gold imports.

Trade gap set for huge improvement on lower imports: Analysts

Last Updated: Wednesday, October 2, 2013, 20:13

India's Current Account Deficit is likely to narrow during 9 months (July-March) of the current fiscal to touch a low of 1.5 percent of GDP.

Nomura pegs May trade gap at $21 billion

Last Updated: Monday, June 10, 2013, 22:22

It said imports of chemical and fertilisers usually go up in May and fall in gold prices has led to an increase in the volume of imports to 162 tonne in the month.

Govt sets up committee to boost exports from MSMEs

Last Updated: Sunday, April 28, 2013, 12:51

Worried over widening trade gap, the government has set up a six-member inter-ministerial committee under the chairmanship of Finance Secretary R S Gujral that will suggest measures to boost MSME exports.

Widening trade gap credit negative for India: Moody's

Last Updated: Monday, February 18, 2013, 12:52

At present, Moody's has a 'Baa3' (lowest investment grade) rating for India with a stable outlook and any downward revision from here could pull the country's credit rating into junk grade.

Exports contract 1.63% in Oct; trade gap touches record high

Last Updated: Monday, November 12, 2012, 12:32

India's exports in October contracted 1.63 percent year-on-year, for the sixth month in a row, to USD 23.2 billion, mainly due to the demand slowdown in the US and European markets.

China to import more from India to reduce trade gap: Report

Last Updated: Thursday, August 30, 2012, 22:32

China has promised to allow import of more products from India during the just concluded Joint Economic Group's meeting attended by Commerce Ministers of the two countries, to enable New Delhi to reduce the trade imbalance, media reported here.

Steps to reduce trade gap with China have not succeeded: Govt

Last Updated: Thursday, August 30, 2012, 17:24

The government has admitted that steps taken to reduce ballooning trade deficit with China, which has touched about USD 40 billion, have not succeeded.

Trade gap could narrow to $150 billion: Commerce Secretary

Last Updated: Wednesday, April 25, 2012, 17:03

Commerce Secretary Rahul Khullar said the country can cut its burdensome trade deficit by 19 percent in the fiscal year that began April 1, assuming global oil prices stabilize, even as exports are likely to suffer from slumping demand in major world markets.

India's trade gap widens to record high at $184.9 billion

Last Updated: Thursday, April 19, 2012, 13:03

India's merchandise exports rose 21 percent from the previous year to USD 303.7 billion, a tad higher than the targeted USD 300 billion, Khullar said at a news conference.

Increase in trade gap, slow services exports growth hike CAD

Last Updated: Friday, December 30, 2011, 21:08

Increase in trade gap and slow growth in services exports have pushed the country's current account deficit to USD 32.7 billion during the first half of the current fiscal.