Exports

The impact of US terminating Generalised System of Preferences (GSP) Scheme will vary across Indian products depending on the individual product concessions.

Economists are evaluating the impact of challenging global trade outlook and disputes on Indian economic growth in fiscal 2020, lowering growth prospects to 6.8% year-on-year from earlier projections of 7%.

Fitch has lowered India's growth forecast to 6.6% for the current fiscal (2019-2020) from 6.8% projected earlier, citing slowdown in the manufacturing and agriculture sectors over the past year.

The government will, within a month, launch new 'Open General Export License' scheme to boost Indian defence exports, disclosed Sanjay Jaju, Joint Secretary, Department of Defence Production in Ministry of Defence.

World Food India 2019, to be held 1-4 November 2019, will be the biggest gathering of all global and domestic stakeholders in Food Processing Sector.

CrowdStrike® Inc has announced Inflow Technologies of Bengalore as a distributor in India and the South Asian portions of Asia-Pacific and Japan (APJ).

Netcore Solutions, a Mumbai-headquartered global Marketing Technology company, said The Star Online of Malaysia has partnered with its AI-powered behavioural analytics and multi-channel customer engagement suite - Netcore Smartech.

India must seize the opportunity to increase exports to China, which will be importing goods and services worth US$24 trillion in the next five years.

Only 17 out of 30 major product groups were in positive territory during May 2019 exports including electronic goods, organic & inorganic chemicals, drugs & pharma, RMG of all textiles, plastics & Linoleum, ceramic products & glassware, handicrafts and commodities.

Prime Minister Narendra Modi has acknowledged the challenge in the goal to make India a US$5 trillion economy by 2024 but has assured that it can be achieved.