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Hyderabad: The Union government set a target of $400 billion exports for 2021-22 and nearly 50 per cent of it has been achieved by September end, said Dr Srikar K Reddy, Commerce Joint Secretary. The government is taking measures to increase exports to 1$ trillion by 2027-28 and is working to provide more market access […]
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The report noted that select large players such as Infosys and TCS could grow in mid-teens driven by share gains and capabilities to drive full stack transformation.
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The largest markets for India's agricultural products are the US, China, Bangladesh, UAE, Vietnam, Saudi Arabia, Indonesia, Nepal, Iran and Malaysia.
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Ludhiana Hand Tools Association President S C Ralhan said that many of the competing countries, provide support to manufacturing units by providing steel at much reasonable prices.
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Imports in May rose by 68.54 per cent to USD 38.53 billion, from USD 22.86 billion in May 2020.
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The company's overall sales grew to 61,800 units from 48,910 units sold during February 2020.
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India is taking care of the domestic vaccine requirement first and based on that "giving vaccines to friendly countries," he said.
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Imports too increased by a marginal 0.7 per cent to USD 72.5 million during the week, the official added.
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The exports during the first week of January last year were at USD 5.34 billion.
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The Exim Bank, with a substantially dollarised balance sheet, is one of the largest domestic issuers of long-term debt in the international debt capital markets
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Despite the Covid-induced economic challenges, the State has been able record exports of $4.1 billion this financial year up to September 2020, a jump of 14 per cent over the same period year-on-year.
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The State can tap more opportunities by strengthening its infrastructure for testing, production and logistics, says Exim Bank MD
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Export sectors which did well during the eight months period include pharma, which grew by 15%, rice (39%), and iron ore (62%)
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Exports during April-October 2020-21 stood at $150.07 billion, registering a decline of 19.05 per cent over the same period last year
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Silver imports during April-September 2020 too dipped 63.4 per cent to USD 733.57 million (about Rs 5,543 crore).
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Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said apparel exports rose for the first time this fiscal in September and the steep recovery from 90 per cent fall in April
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Positive growth was recorded in export of groundnut (35 per cent), refined sugar (104 per cent), wheat (206 per cent), basmati rice (13 per cent) and non-basmati rice (105 per cent)
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The trade deficit during the month under review narrowed to $2.91 billion as against $11.67 billion in the same period of 2019