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India's crude oil import bill drops 16% but import dependency hits new high

India's crude oil import bill drops 16% but import dependency hits new high

Wed, Apr 17, 2024

India imported 232.5 million tonnes of crude oil, which is refined into fuels like petrol and diesel, in the 2023-24 fiscal (April 2023 to March 2024), almost the same as in the previous financial year. But it paid USD 132.4 billion for the imports in FY24 as against USD 157.5 billion import bill in 2022-23, oil ministry's Petroleum Planning and Analysis Cell (PPAC) data showed.

India's merchandise exports dip marginally in March, FY24 shipments at USD 437 billion

India's merchandise exports dip marginally in March, FY24 shipments at USD 437 billion

Mon, Apr 15, 2024

The trade deficit or gap between imports and exports worked to be USD 240.17 billion.

Melon seeds import permitted without restrictions from May 1 to June 30 on actual user basis

Melon seeds import permitted without restrictions from May 1 to June 30 on actual user basis

Tue, Apr 09, 2024

The government has said imports of melon seeds are permitted without any restrictions from May 1 to June 30 on an actual user basis to eligible processors of this commodity only, according to a notification.

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China's economy gets off to strong start in 2017 as investment rebounds

China's economy gets off to strong start in 2017 as investment rebounds

Tue, Mar 14, 2017

China issued a raft of upbeat data on Tuesday showing the economy got off to a strong start to 2017, supported by strong bank lending, a government infrastructure spree and a much-needed resurgence in private investment.

Imports like electronics, machinery go against Make in India: Assocham

Imports like electronics, machinery go against Make in India: Assocham

Sun, Mar 05, 2017

Import of products which can be manufactured within the country runs contrary to the basic grain of the Make In India.

India attracted $32.5 billion foreign direct investment during April-November

India attracted $32.5 billion foreign direct investment during April-November

Mon, Feb 06, 2017

India attracted $32.49 billion (nearly Rs 2,16,214.4 crore) foreign direct investment (FDI) in April-November of 2016-17, Parliament was informed on Monday.

Trade deficit may be in range of $100-110 billion by March-end: Report

Trade deficit may be in range of $100-110 billion by March-end: Report

Thu, Jan 26, 2017

Care Ratings has projected India's trade deficit in the range of $100-110 billion by the end of March this year.

India sugar output forecast to drop to lowest in seven years

India sugar output forecast to drop to lowest in seven years

Wed, Jan 25, 2017

India`s sugar production may fall to 21.3 million tonnes for the 2016/17 crop year, the lowest in seven years and 9 % lower than previously forecast, as drought has curtailed cane supplies in key producing states, a trade body said on Wednesday.

Toyota sees flat sales in India this year on note ban blues

Toyota sees flat sales in India this year on note ban blues

Sun, Jan 22, 2017

Japanese carmaker Toyota is expecting its vehicle sales in India to remain flat during the current year mainly on account of uncertainty in the market post demonetisation.

Consumer Electronics Association hails govt's Rs 10,000-crore electronics manufacturing sop

Consumer Electronics Association hails govt's Rs 10,000-crore electronics manufacturing sop

Wed, Jan 18, 2017

The Union Cabinet on Wednesday approved amendment in the Modified Special Incentive Package Scheme (M-SIPS) to further incentivise investments in electronic sector.

India's trade deficit narrows to $10.37 billion in December

India's trade deficit narrows to $10.37 billion in December

Fri, Jan 13, 2017

India`s trade deficit narrowed to $10.37 billion (nearly Rs 68,989.02 crore) in December from provisional $13 billion (nearly Rs 86,485.8 crore) a month ago, government data showed on Friday.

China posts worst export fall since 2009 as fears of US trade war loom

China posts worst export fall since 2009 as fears of US trade war loom

Fri, Jan 13, 2017

China`s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States (US) that is clouding the outlook for 2017.

India to suffer damage due to US-China trade war: Assocham

India to suffer damage due to US-China trade war: Assocham

Sun, Jan 08, 2017

India may suffer collateral damage to its economy if it finds itself in the crossfire in the escalating trade war triggered by US President-elect Donald Trump with Mexico and China, industry chamber Assocham said on Sunday.

South Korea December exports rise on semiconductors, machinery amid nascent recovery

South Korea December exports rise on semiconductors, machinery amid nascent recovery

Sun, Jan 01, 2017

South Korean exports in December rose for a second straight month, data showed on Sunday, adding to hopes for a firm turnaround in shipments that have fallen for most of the past two years.

Indian economy on track, government proves how

Indian economy on track, government proves how

Fri, Dec 30, 2016

WPI inflation declined to (-) 2.5% in 2015-16 from 2% in 2014-15.

Gems, jewellery exports up 10% in April to November period of FY17

Gems, jewellery exports up 10% in April to November period of FY17

Wed, Dec 21, 2016

Exports of gems and jewellery grew by about 10% to $23.5 billion (nearly Rs 1,56,339.63 crore) during April-November period of the current fiscal, driven largely by rising demand in India's major export markets like the US and Europe.

Trade deficit in November rises to Rs 88,000 crore

Trade deficit in November rises to Rs 88,000 crore

Thu, Dec 15, 2016

Oil imports during November, 2016 were valued at $6837.76 million which was 5.89% higher than oil imports valued at $6457.37 million in November 2015.

A dollar increase in crude oil price raises India’s import bill by $500 million

A dollar increase in crude oil price raises India’s import bill by $500 million

Fri, Dec 02, 2016

Speculating a further increase in global crude oil prices, analysts said that every dollar increase in the price of crude oil will make India’s import bill rise by nearly half a billion dollars ($500 million).

China alone accounts for 44% of India's trade deficit

China alone accounts for 44% of India's trade deficit

Mon, Nov 28, 2016

Indian exporters are encouraged to participate in major trade fairs in China and other countries to show-case Indian products.

Exports rises by nearly 10%; trade deficit widens in October

Exports rises by nearly 10%; trade deficit widens in October

Tue, Nov 15, 2016

On cumulative basis, the value of exports for the period April-October 2016-17 was $154913.20 million.

Investing in India good for Chinese capital: Report

Investing in India good for Chinese capital: Report

Sat, Oct 29, 2016

There are many reasons why investing in India could boost the Chinese capital`s clout in the Indian economy, a Chinese specialist says.

Indian traders to be biggest losers with boycott of goods, China says

Indian traders to be biggest losers with boycott of goods, China says

Fri, Oct 28, 2016

Amid calls from some quarters for boycott of Chinese goods in ongoing Diwali season, China today said any such move will negatively impact the India-bound investments from its enterprises and also the bilateral cooperation between the two countries.

Exports rises up nearly 5% to $22.9 billion in September

Exports rises up nearly 5% to $22.9 billion in September

Sat, Oct 15, 2016

Signalling a clear reversal of the continuous decline in Indian exports, official data on Friday showed September exports at $22.88 billion grew 4.62% over exports recorded in the same month last year at $21.87 billion.

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