At $2.6 trillion, the Indian economy is currently ranked sixth in the world behind the US, China, Japan, Germany and the UK.
India's exports fell 9 per cent to $23.43 billion in November due to a drop in shipments of segments such as petroleum products, engineering and chemicals, even as the trade deficit narrowed to $9.96 billion during the month, according to official data released on Wednesday. Imports also slipped 13.33 per cent to $33.39 billion in the month under review. In November, oil imports dipped 43.34 per cent to $6.27 billion. It was down by 48.7 per cent to $44.10 billion during April-November 2020, the data showed. Exports during April-November 2020 were $173.49 billion, compared with $211.17 billion during the corresponding period a year ago, exhibiting a negative growth of 17.84 per cent.
Export sectors that recorded positive growth in the last month include iron ore, electronic goods, spices, and marine products.
'Such memorable performances that brought so much joy and happiness all around.'
Gold sales were reported at 40 tonnes last year; this might have been surpassed this year.
The comprehensive foreign trade policy provides for setting up free trade warehousing zones and gives major thrust to service exports.
However, Jaitley's son-in-law had earlier issued a statement stating that his law firm had returned the retainership the moment they came to know that the company was involved in a scam.
The opposition party questioned why the government took five years after the liquidation proceedings of ABG Shipyard to lodge an FIR in connection with the alleged duping of 28 banks.
The country's exports rose by 47.34 per cent to $32.46 billion in June on account of healthy growth in sectors such as engineering, gems and jewellery and petroleum products, even as trade deficit aggregated at $9.4 billion during the month, according to the data released by the commerce ministry on Friday. Exports in June last year stood at $22 billion and $25 billion in June 2019. In May 2021, the outward shipment was worth $32.27 billion, while in April this year, it was $31 billion. Imports in June 2021 grew by 96.33 per cent to $41.86 billion, from $21.32 billion in June last year. In June 2019, imports stood at $41 billion.
According to World Gold Council (WGC), gold jewellery demand in India, the world's largest consumer, touched record 662.1 tonnes in 2014.
Who is to take their place? Will a new generation of entrepreneurs start up with better business sense, or at least better luck? But the so-called unicorns are mostly copy-cat entrepreneurs whose cash flow is funded by overseas (including Chinese) money, notes T N Ninan.
Titan was the top gainer in the Sensex pack, rising around 4 per cent, followed by HDFC, Nestle India, IndusInd Bank, UltraTech Cement and Bharti Airtel. On the other hand, Bajaj Auto, Tata Steel and NTPC were the laggards.
Imports increased by 4.5 per cent, the highest growth in the last six months as crude oil and gold shipments shot up in the month.
The Manikarnika actor, known for provocative and often inflammatory statements, was once again the centre of debate -- and ire -- with politicians across the spectrum, including Bharatiya Janata Party MP Varun Gandhi, among the host of social media users and others who reacted with outrage for her comments at an event on Wednesday evening.
India's exports grew by 22.9 per cent in FY'08, marginally higher than a 22.6 per cent growth registered in the previous fiscal, the Reserve Bank said.
While the Belgian chocolatiers will kick off with a store soon, Faberge aims to build on its gem-cutting base in Jaipur.
As per the White Paper issued by FICCI Gems & Jewellery Group -- the total size of the Gems & Jewellery Sector (both domestic and exports) was about Rs 4,15,000 crore (Rs 4,150 billion).
In a bull-case scenario it sees the Sensex at 61,000 levels, while it's bear case scenario pegs the Sensex at 41,000 levels by December 2021.
Harnoor Channi-Tiwary took off to find some peace and came across these three hidden gems not very far from the country's capital
Ranbir Kapoor's larger-than-life daku depiction in and as Shamshera is old school at its spectacular best. While we wait to watch the actor in one of the most raw, rough and rustic outings of his career, here's Sukanya Verma's list of 25 daku roles we love, ranked in an ascending order.
Saha, 32, possesses none of his predecessor's flamboyance or big-hitting ability with the bat but his dexterity behind the stumps, to go with his determination in front of them, has meant that Dhoni, who now plays only limited-overs cricket, has not really been missed.
The spotlight is back on the hawala trade in diamonds.
From real estate to metals, what Sitharaman's Budget has in store.
'There cannot be a batsman in the world less liable to panic than Kane Williamson'
Ninety-nine companies, which also include some unlisted ones, have more than Rs 100 crore each of minimum alternate tax credit on their books, cumulatively adding up to Rs 75,000 crore. By utilising MAT credit, many companies will be able to bring down their effective tax cost.
Veteran santoor player and music composer Pt Shiv Kumar Sharma died in Mumbai on Tuesday morning following a heart attack, family sources said. He was 84.
Shubman Gill has the required technique and temperament to bat at any position in the Indian Test team but he does need to convert those great starts into big knocks, the legendary Sachin Tendulkar said about the young batter.
Out of 30 key export sectors, as many as 22 showed negative growth in September.
Biswajit, movie heart-throb of the 1960s, remembers The Legend.
After recording positive growth for two months in a row, India's exports dipped marginally by 0.25 per cent to $27.67 billion in February and trade deficit widened to $12.88 billion, according to preliminary data released by the government on Tuesday. Imports grew 6.98 per cent to $40.55 billion during the month, the data showed. The trade deficit stood at $10.16 billion in February 2020. Exports during April-February 2020-21 were $255.92 billion, compared with $291.87 billion during the same period of last year, exhibiting a negative growth of 12.32 per cent.
There are so many female-oriented movies, from Mother India to Arth to Pink. But there are some absolute gems that never got their due.
In India 24-carat gold is used mostly in coins and bars
'Mamata Didi is the only politician who can take on the might of Modi.'
'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'
In a 7-page letter Choksi said, he was being threatened by the individuals with whom he has business relationship and due to the seizure of his assets, his employees, customers and creditors have started to show animosity towards him.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
Gold was Rs 28,100 per 10 gm on July 26, 2014.
While Belgium dominated the first half, India did well to roar back in the second session. Belgium went into the half-time break with a 1-0 lead, but India fought back well to keep pressure on the opponents in the 2nd half.
