Russia india aircraft carrier

China is exporting textiles to India through Bangladesh to get around a tax increase on imports, undermining New Delhi's efforts to support local manufacturers, industry sources said.Earlier this week, India doubled the import tax on more than 300 textile products to 20 percent, marking the second tax increase on textiles in as many months.This is aimed at providing relief to the country's domestic textile industry, which has been hit by cheaper imports. India's total textile imports jumped by 16 percent to a record $7 billion in the fiscal year to March 2018. Of this, about $3 billion were from China.Close Textiles are India's second largest job provider directly employing nearly 51 million people and accounting for 5 percent of India's gross domestic product, and 13 percent of its export earnings. related news PM Narendra Modi arrives in Kanpur to chair first meeting of National Ganga Council US-China trade deal cuts tariffs for Beijing promise of big farm purchases Hong … [Read more...] about Free-trade pacts hamper India’s efforts to curb China textile imports

The Indian economy has grown by leaps and bounds after attaining Independence in 1947. The history of trade and commerce in the Indian subcontinent can be divided into many phases — deindustrialization induced by colonization, socialist central planning in the aftermath of Independence and free market economics after the liberalization reforms of 1991.India’s share of the world economy slipped from around 25 percent in 1700 to 4.2 percent in 1950. A century under colonial rule had sapped the country’s entrepreneurial spirit. The country was forced to divert its raw materials to feed the mechanized factories that had sprung up in Britain during the industrial revolution. Poverty and famine was rampant.After the British left Indian shores, the newly elected government charted a course for the country that entailed capital controls and central planning, much along the lines of the Soviet Union. Even though the ruling dispensation at the time had pledged … [Read more...] about The India growth story: Here’s how some macro indicators have fared since 1947

The Indian government should make it compulsory for sugar mills to export at least 7 million tonnes of sugar in the 2018/19 marketing year as the country is set to harvest a record crop in the season, the head of a leading trade body said on Wednesday."We have requested the government to make exports mandatory," said Abinash Verma, director general of the Indian Sugar Mills Association (ISMA) said.The country will start the new season next month with carry forward stocks of between 10 million and 10.5 million tonnes, Verma said. The minimum sugar selling price should be raised to Rs 3,600  per 100 kg from existing Rs 2,900, he said.LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE. … [Read more...] about India needs to make 7 million tonnes sugar exports mandatory: Trade body head

Sharp depreciation in the rupee is likely to help the domestic steel industry lower imports and boost exports in the coming months, which in turn may improve the country's overall steel trade balance, a report said.The weaker rupee is also likely to translate to higher landed cost of steel imports, which in turn should support domestic prices, rating agency Icra said in its report.The domestic currency's unabated fall continued for the sixth straight session Wednesday, hitting yet another closing low of 71.75, down 17 paise against the US currency as surging oil prices and weak trend in emerging market currencies weighed on sentiments.Close Icra noted that in the first quarter of FY19, steel exports dropped by over 33 percent, whereas imports grew by over 11 percent, and consequently the country turned a net steel importer, after having been a net exporter for the last two years. related news PM Narendra Modi arrives in Kanpur to chair first meeting of National Ganga Council … [Read more...] about India’s overall steel trade balance may improve on weak Rupee: ICRA

Mexico said bilateral trade with India is expected to grow at least 30 percent in 2018 to about $11 billion.Trade with India has grown "immensely" in the last few years, from about $6.39 billion in 2013 to $8.37 billion in 2017, Melba Pria, Ambassador of Mexico in India said at an interactive session here organised by Bengal Chamber."We are only scratching the surface in terms of trade with India. There is potential to grow our bilateral trade manifold. We expect bilateral trade to rise by at least 30 percent this year (2018), mainly on the back of rising oil prices and hope to double it in times to come," she said.Close In 2017, Indian exports to Mexico stood at $5.02 billion and imports from the country was at $3.35 billion. Pria said the potential areas for bilateral trade include auto parts, software and IT, pharmaceuticals, chemicals, engineering goods and minerals. related news Snowfall in major tourist places of Himachal Three low-intensity tremors hit Maharashtra's … [Read more...] about Bilateral trade with India can grow manifold : Mexican envoy