Exports
Exports fall steeper this fiscal
Data showed that the decrease in the current fiscal was steeper than what was released by the commerce ministry so far, with the government revising exports figures upward by $14 billion for 2008-09. However, the Directorate General of Commercial Intelligence and Statistics (DGCI&S) has revised the exports figures for the previous financial year to $182 [...]
Trade ministry sets export target of $200 billion for FY11
Commerce Minister Anand Sharma set a target of $200 billion worth exports for next fiscal, an achievement that India failed to attain in 2008-09 due to a decline in global demand in the face of financial disaster. Additionally, he said that India has not been affected to the same extent as other economies of the [...]
Exporters seek FTP sops to regain markets
The exporters have high hopes from the foreign trade policy, which is to be announced on Thursday. The exporters want direct incentives like cash support and tax exemptions, to help them price their products better. Some claim that they may lose some markets permanently if the government does not do enough in the FTP to [...]
Industry wants government to offer export subsidy
Even as the government has provided some concessions to identified sectors, nothing has changed since the Indian industry has been fighting with decreasing exports for 9 months. Therefore to help overturn the declining trend in exports, industry body Associated Chambers of Commerce and Industry (ASSOCHAM) has urged the government to provide direct subsidy based scheme [...]
Centre committed to reviving export growth
The Central Government stated that it is committed to reviving exports growth and is all for transparency in processes, accountability, simplification of processes and correcting anomalies in legislation for exporters. However, though in percentage terms, exports had decreased constantly over the past 10 months, there was hope in terms of quantitative rise in exports from [...]
”Export sops to continue till recovery”:
The exports that shrank 31.3% in the first quarter of the current financial year over a year ago period, the government on Tuesday indicated that it will continue with the sops for Indian exporters. “If we continue with the polices in terms of assisting exporters… as long as we see those numbers climbing every month [...]