India’s trade deficit narrows to $10.89 billion in March 2019

India’s exports rose to a five-month high of 11 per cent in March on account of higher growth mainly in pharma, chemicals and engineering sectors, marking the outbound shipments at $331 billion for FY 2018-19, official data showed. Merchandise exports in March 2019 stood at $32.55 billion as against $29.32 billion in the same month […]

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Indian sugar mills sign deals to export 2.7 million tonnes of sugar: AISTA

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Indian sugar mills have contracted to export 2.7 million tonnes of sugar since the current season began on Oct. 1, trade body All India Sugar Trade Association (AISTA) said. Mills have already shipped out 1.7 million tonnes of the sweetener, a top official of the All India Sugar Trade Association told Reuters. Indian mills have […]

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India’s oilmeals export rises 6% in FY19: SEA

India’s oilmeal exports during April 2018 to March 2019 is reported at 3,205,768 tonnes, up 6% as compared to 3,026,628 tonnes during the corresponding period last year, according to latest data compiled by the Solvent Extractors’ Association of India (SEA). The export of oilmeals during March 2019, provisionally reported at 263,817 tonnes compared to 261,308 […]

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India needs to focus on export-led growth: World Bank

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India’s economic growth in recent years has been driven by domestic demand and its exports were about one third of its potential, a World Bank official said, asserting that the next government needs to focus on export-led growth. Praising attempts to liberalise markets within India, Hans Timmer, World Bank Chief Economist for the South Asia […]

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Mango exports may hit 50,000 tonne this season; South Korea, Malaysia among new markets

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With a good harvest expected this season, the country’s mango exports is expected to cross 50,000 tonnes. Last season, India exported some 40,000 tonnes. Mango exports to US have taken off in a big way with more than 1,000 tonnes expected to be exported this year, senior officials of the Maharashtra State Agriculture Marketing Board […]

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