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Berlin police intervened to halt a pro-Palestine conference shortly after its commencement, citing the presence of a speaker banned from political activity. The police also imposed a ban on the event.
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In a historic development, India's defence exports reached an all-time high level of ₹21,083 crore in financial year 2023-24 with a 32.5% growth in FY24 compared to the previous financial year.
As a diplomatic crisis struck between India and Thailand, Bangkok replaced its Ambassador to the World Trade Organization (WTO), Pimchanok Vonkorpon Pitfield, after New Delhi protested against her remarks on New Delhi's rice procurement programme.
India’s defence exports have skyrocketed to an all-time high, touching nearly the Rs 16,000 cr mark in FY 2022-23
India has surpassed China to become the world's second-largest exporter of agrochemicals. Ten years ago, the position was sixth, according to the most recent WTO data.
This article is a summary of important events that have taken place in last one week affecting, India's national security. The development and deployment of neuro weapons or brain weapons by China, would represent a significant threat to global security and stability.
India's defence exports have reached an all-time high worth nearly Rs 16,000 crore in 2022-23, surging from a mere Rs 686 crore in 2013-14. This 23-fold increase reflects India's progress in the global defence manufacturing sector.
India’s overall export in 2022-23 rose by 14 percent standing at $775.87 billion and almost $100 billion more than last year, according to the latest data by the Commerce Ministry. Meanwhile, exports have crossed by $450.43 billion and services exports have gone up to $325.44 billion.
Union minister Piyush Goyal on Sunday said the world is now looking up to India and its industries. This is the right time for entrepreneurs and industry players to grasp the opportunity and grow exports. Entrepreneurial abilities in the country with innovation, new ideas, and new ways of marketing and branding products can unleash the true potential of the country, the Commerce and Industry Minister said while addressing the 49th India Gem and Jewellery Awards.
The country’s goods exports touched $447 billion at the last count for 2022-23 fiscal as against $422 billion in 2021-22, Union Commerce and Industry Minister Piyush Goyal said on Tuesday. The final export and import data for 2022-23 would be released by the middle of April.
Defence Minister Rajnath Singh on Apr 1 shared that India’s defence exports have reached an all-time high of Rs. 15, 920 Crore in the Financial Year 2022-2023. In a tweet, Defence Minister Rajnath Singh said, it is a remarkable achievement for the country.
Export of electronic goods from India increased from Rs 39,978 crore in 2016-17 to Rs 1,09,797 crore in 2021-22, showing a compound annual growth rate (CAGR) of 22.39 per cent. According to data released by the ministry of electronics and IT, the country's electronics export is expected to reach Rs 1.76 lakh crore in 2022-23.
The country's seafood exports are likely to reach an all-time high of US$ 8 billion in FY 2022-23 despite three years of a sluggish global market caused by the pandemic, logistical hurdles, and strict inspections of shrimp consignments.
The government is considering extending the wheat export ban in order to replenish its local reserves. According to government sources cited by agencies, the the decision on extension of the wheat export ban is likely to take place in March.
PM Modi detailed the employment opportunities that have arisen in the nine years of his government's tenure so far while also stressing on the 'Atmanirbharta (self-reliance) in various sectors.
India’s merchandise trade crossed the $ 1 trillion mark in the calendar year 2022 with the share of exports at $450 billion and imports at $723 billion. This comes amid growing uncertainty on the external front. Outbound shipments grew 13.7 percent year-on-year (YoY) in 2022, while imports rose by 21 percent, commerce and industry ministry’s data showed.
The government is actively considering lifting some of the restrictions imposed on rice exports in the wake of the improved stock position. Paddy procurement by the Food Corporation of India and state agencies in the current season (October 2022-September 2023) rose 8% on year to 57.4 million tonnes (MT) till Monday, which has given a boost to the buffer.
Reports previously revealed that China was the primary location of about 44-47 per cent of Apple suppliers" production sites until 2019. Now the scenario is changing gradually, especially after simmering tensions between the United States and China.
Moroccan Royal Armed Forces has received a total of 92 six-wheel military trucks manufactured by the Indian aerospace, defense, and military company Tata Advanced Systems. The new shipment is part of Morocco’s efforts to diversify its arms purchases.
Netherlands and Brazil have jumped ahead from their previous positions on India's list of export destinations in the ongoing fiscal year. Citing commerce department data, the report highlights that the Netherlands is now India's third-largest export destination.
In a huge development, for the first time, India is likely to record Rs 17,000 crore in defence exports in 2022-23.
India's merchandise exports for August have been raised to $33.92 billion from the preliminary estimate of $33 billion, data released by the commerce ministry on September 14 showed.
India's exports have taken a knock with demand crashing in several developed world economies as record-high inflation and its stiff monetary antidote dent consumer sentiment.
India, believed by many to have the potential to become the next China, is finally making headway in the export market as it broke into the top 5 suppliers of Christmas decorative items and t-shirts to the US.
India's exports rose by 11.51 percent to USD 36.27 billion in July while the trade deficit almost tripled to USD 30 billion during the month due to an over 70 percent rise in crude oil imports, according to official data released on Friday.
The country's electronic goods exports surged about 42 percent to nearly Rs 1.17 lakh crore in the last fiscal, the government informed Parliament today. The country has witnessed a huge jump in both manufacturing and exports of electronic goods in the last five years, Minister of state for electronics and IT Rajeev Chandrasekhar said in a written reply to the Lok Sabha.
India’s exports of agricultural and processed food products rose 14% on year in the first three months of FY23 to $5.98 billion, the commerce and industry ministry said in a statement on Sunday.
Defence exports have crossed the highest ever figure of Rs 13,000 crore in Financial Year 2021-22, with 70% contribution coming from the private sector and the remaining 30% from the public sector
For HS Codes 9503, 9504, and 9505, the import of toys to India has reduced from USD 371 Mn in FY 2018-19 to USD 110Mn in FY 2021-22 thus showing a decrease of 70.35 percent.
India's merchandise exports in June rose by 16.78 percent year-on-year to USD 37.94 billion while the trade deficit ballooned to a record USD 25.63 billion on account of a steep increase in gold and crude oil imports, according to the government's preliminary data released on Monday.
Exports of wheat flours have witnessed a sudden and unusual spike in the aftermath of the ban on the outbound shipment of wheat, industry sources told FE, indicating that many traders may be using this route to beat the prohibition on the grain’s exports. The spike is likely to alarm the government, which has already tightened its scrutiny of wheat shipments.
India is among the few countries with which Japan has signed a key agreement for reciprocal provision of supplies and services between their defence forces in order to drive closer military cooperation and contribute to security in Indo-Pacific.
Paper exports from India have been increasing for the last five years.
The decision came in the light of record exports of sugar.
In India, bamboo is mostly used in manufacturing of Agarbatti wherein, a maximum of 16 pc is used for manufacturing of bamboo sticks while the remaining 84 pc of bamboo is a complete waste.
In 2020, Amazon pledged to enable $10 billion in cumulative exports from India by 2025.
Russia has reached out to India for food and pharma imports after many companies withdrew from the market after the country started its offensive against Ukraine.
Prime Minister Narendra Modi on Wednesday congratulated people, especially farmers, MSMEs and exporters, as India achieved its target of reaching $400 billion from exports in the current fiscal, a first. Taking to Twitter, the Prime Minister described the landmark as a ‘key milestone’ in the Aatmanirbhar Bharat initiative.
As the world economy suffers from the economic slowdown, the Indian economy has witnessed a huge jump in export. Indian exports in the month of January have increased by 31.75%.
The agreement is in line with the Government of India's vision to boost defence exports to friendly foreign countries.
Union minister Rajnath Singh said defence exports meant an increase in our capability, calibre and standard.
Empowering aqua farmers! Govt inaugurates e-SANTA, to connect aqua farmers and the buyers
As the unavailability of cotton yarn in Pakistan continues to rise, the country's textile exporters association has urged Pakistan PM Imran Khan to allow import of cotton yarn from India to ensure continuity in growth of export.
In a major development, India exported military hardware and equipment worth over Rs 34,000 crore in the last five years, Minister of State for Defence Shripad Naik stated.
In a bid to support the startup companies , e-commerce giant Amazon partnered with Startup India. Under this partnership, Amazon has launched Amazon Global Selling Propel (AGSP) to support Indian startups.
China's exports to India continued to decline with a 13-percent drop in the first 11 months of the year 2020, customs data showed on Monday.
Achieveing the highest ever June month sales during June 2020, the Steel Authority of India (SAIL) has registered the domestic and export sales of 12.77 lakh tonnes which is a jump of more than 18% over the corresponding period last year. In June 2020, the company had also recorded the highest ever exports for any month.
The Ministry of Defence (MoD) has recorded a five per cent increase over the value of export approvals secured by the MoD in just a few years according to the latest updates on the dashboard of the MoD's Department of Defence Production (DDP).
While India is striving fight the pandemic at the risk of derailed economy, India's exports plunged by a record 34.57 per cent in March due to a steep decline in shipments of leather, gems and jewellery and petroleum products, dragging the total exports in 2019-20 down to $314.31 billion as revealed by the official data on Thursday.
The export is essentially an area where we are lagging behind substantially and we have to take revolutionary measures to become a force to reckon with as far as our contribution in world trade is concerned. We had been consistently missing the bus in the past but if we miss the opportunity now, we won’t have anybody else to blame but ourselves.
