Exports

Micro Small and Medium Enterprises (MSME) Minister Nitin Gadkari wants to raise the MSME sector’s contribution to GDP to 50% from the present 29% and employment for at least 15 crore people, up from 11.1 crore at present.

The Federation of Indian Export Organisations (FIEO) has elected a staunch votary of exporters issues, Sharad Kumar Saraf, as its new President.

Commerce and Industry & Railways Minister Piyush Goyal has reviewed the draft National Logistics Policy and has stressed on the need to bring down the logistics cost to less than 10% of the GDP by 2022 from the current 14%...

The Public Sector Units (PSUs) in the defence industry have been given a target to achieve 25% of their turnover through exports by 2022-23, Defence Minister Rajnath Singh told Rajya Sabha on 26 June 2019.

Commerce and Industry Minister Piyush Goyal has directed Department for Promotion of Industry and Internal Trade (DPIIT) to immediately form a committee to hear grievances and provide necessary clarifications on issues related to FDI in e-Commerce.

India may review some of the Free Trade Agreements (FTAs) and the Indian industry needs to be able to leverage them, Commerce and Industry Minister Piyush Goyal has disclosed.

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.