When overall gems and jewellery exports remained resilient so far this year on global economic uncertainty, shipment of silver jewellery witnessed a phenomenal growth so far this year.
Indian pharma exports are likely to register 17-20 per cent growth this fiscal, touching the USD 12 billion mark, a top official of the Pharmaceuticals Export Promotion Council (Pharmexcil) said.
During April-December 2009-10, exports from special economic zones stood at Rs 1,51,785 crore (Rs 1,517.85 billion).
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.
'Such steps would be a barrier and something people do not want.'
Continuing their upbeat performance, readymade garments exports registered a rise of 33.04 per cent in value terms at Rs 2,320.95 crore (Rs 23.2 billion) in February this year as against Rs 1,781.71 crore (Rs 17.81 billion) in Febraury last year.
The Gem and Jewellery Export Promotion Council of India has announced the performance figures of the sector for January-December 2004.
Close on the heels of US retailer J C Penney's announcement to enhance outsourcing from India, domestic apparel exporters have firmed up plans to hold a mega garment show in Dallas and New York.
Neutrality and jurisdiction in international trade need to be discussed threadbare before GST is implemented in India.
The west Asian region remained the top destination for India's consumer electronics goods last year with exports doubling to $175 million in 2005-06, from $90 million of 2004-05.
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Depreciating rupee a silver lining for some businesses amid the economic downturn.
US President Barack Obama has said the proposed land mark trade deal with South Korea is expected to support over 70,000 American jobs while recalling the recent trade deals during his Indian visit would back another 50,000 jobs.
India-France synergy is poised to open vistas of collaboration between the two countries, notes Rup Narayan Das.
Tata Consultancy Services, with exports worth $806.1 million is the largest software exporter during 2001-02, while Celetron India led the race in exports of computer hardware.\n\n\n\n
India's gems and jewellery export grew by 16 per cent to $28.41 billion in 2009-10 due to revival in demand from major markets like the US and Europe.
The trade gap - difference between imports and exports - was $11.39 billion in March 2015.
The gains, they say, would not be sustained, and too much volatility in exchange rates does not benefit them.
Those in the handicraft business say China has 'invaded' the Indian bazaars replacing sale of traditional hand-made products with machine-made items manufactured on a big volume. Besides, the Chinese manufacturers send these machine-made handicrafts to the global market giving tough competition to Indian suppliers.
Demand is weak in traditional markets like US and EU.
The fall in exports of gems and jewellery exports is mainly because of shortage of raw-material for jewellery manufacturing.
Software exports are expected to register a growth of 33 per cent in terms of dollar and 23 per cent in terms of rupee in the current financial year, according to an estimate by the Electronics and Computer Software Export Promotion Council (ESC). In absolute terms, exports during FY08 will workout to $45 billion (Rs 180,000 crore).
India's leather exports are expected to touch the $14 billion level by 2017 and may double jobs in the sector to 5 million by that period, Council for Leather Exports (CLE) said on Tuesday.
India's carpet export rose by 22 per cent to $3.60 million (about 17 crore) in June year-on-year on account of good orders from the US and Europe.
Recession-hit retailers in the US and Europe are increasing their purchases from Bangladesh as it is able to supply garments at a relatively less price due to low labour cost and better economies of scale, experts said. Data collected by the Apparel Export Promotion Council, the body for the promotion and facilitation of garment-manufacturing and their exports, show Bangladesh overtook India after August 2008.
In all the three areas of export, innovation and investment, the Obama Administration is looking at India for playing a major role, which was evident during the November visit of the US President to India.
Buoyed by the momentum created in the last fiscal, India's export target for 2005-06 has been revised upwards to $92 billion from $88 billion, Union Minister of State for Commerce E V K S Elangovan said on Monday.
It may touch Rs 19,800 crore.
It is mind-boggling to find our prime minister putting exports on the back-burner, says Jayanta Roy.
The business council aims to give impetus to trade.
India's gems and jewellery exports grew by 16 per cent at $28 billion last fiscal due to revival in demand in major markets as well as recycling of used diamonds, a top industry official said.
However, there would be some exceptions such as equipment meant for light water reactors and low-enriched uranium when it is incorporated in assembled nuclear fuel elements for such reactors.
Growing American exports to China will help boost the US economic recovery.
Enthused by substantial growth in cotton apparel exports since dismantling of quota system in January 2005, India expects their exports to the United States to become nearly three times from the present $2.30 billion to $6 billion this fiscal.
Economists polled in a recent survey by Ficci unanimously felt that the rupee will continue to be under pressure in 2018-19
Indelible ink mark is normally expected to last for three days when applied on the skin but lasts for a few weeks on the fingernail till the nail grows out.
The government was close to imposing presumptive tax and the goods and services tax on the gems and jewellery sector
This would be the first time that the Indian artillery would have these types of 105 mm mounted howitzers and would add to the strength of the formations deployed in forward positions, they said.
