#indianexports

“Insider trading?” Netizens wonder as Bajaj Auto registers record sales in October despite Rajiv Bajaj’s fear-mongering about economic slump

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As India prepares for the festive season and the economy gradually unshackles itself from the coronavirus-induced lockdown, several sectors of the economy have registered impressive revival. One of them being the automobile sector. After Hyundai, Maruti Suzuki and Hero Motocorp, now the Bajaj Auto has recorded highest ever monthly sales in the last month. Bajaj … Read more

Union Government approves Rs 1.46 lakh crore PLI scheme for 10 key sectors with the aim of transforming India into a manufacturing hub

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In a big boost to Atmanirbhar Bharat campaign, the Union Cabinet chaired by the PM Narendra Modi today gave its approval to introduce the Production-Linked Incentive (PLI) Scheme in 10 key sectors for enhancing India’s manufacturing capabilities and enhancing exports. “The policy that we are taking in the PLI, through which we want the manufacturers to come into India, … Read more

Nine out of Eleven component manufactures of Apple convinced to shift their plants from China to India: Union minister Ravi Shankar Prasad

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Union Minister for IT and Communications Ravi Shankar Prasad on Thursday said that the Modi government was able to convince nine of the eleven component-makers of Apple Inc to move away from China to set up their plants in India. Speaking at the inaugural session of the 23rd edition of the Bengaluru Tech Summit held … Read more

What they never told you when they said India was the worst performing emerging economy

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How would you like to see India’s GDP grow at double digit rates? Sure, you would love that. Suppose then that India’s (real) GDP growth soars to 10%. Add to that say 4% inflation, leading to nominal GDP growth of 14%. Fantastic! I wish… Just one catch. In return for this 14% nominal GDP growth, … Read more

India’s merchandise exports witnessed an increase of 67.38% in May, trade deficit narrows to an eight-month low

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Ministry of Commerce & Industry has announced that India’s merchandise exports in May 2021 increased by 67.39% over May 2020. At $32.21 billion, the growth was driven by sectors such as engineering, pharmaceuticals, petroleum products and chemicals, as per the commerce ministry’s press release. On the other hand, imports in May rose by 68.54% to $38.53 billion … Read more

Apple and Samsung to manufacture smartphones worth $5 billion in FY23, may outperform govt’s PLI Scheme target by more than 50%

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In the financial year 2022-23, Apple and Samsung are set to manufacture smartphones worth over $5 billion (almost Rs 37,000 crore) in India. The two behemoths are on track to outperform the government’s PLI Scheme objectives by more than 50%. IANS spoke with Pankaj Mohindroo, Chairman of the India Cellular and Electronics Association (ICEA). “The leading global … Read more

India receives the highest annual FDI inflow of USD 83.57 billion in FY21-22, IT sector bags the largest share

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In the fiscal year 2021-22, India has recorded the largest annual Foreign Direct Investment (FDI) inflow of USD 83.57 billion. In 2014-2015, India received 45.15 billion USD in FDI, compared to the highest ever annual FDI inflow of USD 83.57 billion reported for the fiscal year 2021-22, surpassing the previous year’s FDI by USD 1.60 billion. Since … Read more

India dodges global economic slowdown, exports grew by 19.7% in Jan-April over the same period last year

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After India banned the export of wheat and broken rice, and in light of the ongoing Russia-Ukraine war that has impacted global trade, there is a perception that there is a decline in exports from India which will have a negative effect on the Indian economy. There were concerns about the reduced growth rates in exports to Europe and USA, … Read more