Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Govt likely to set export target of $800 Billion for FY23.


Date: 21-04-2022
Subject: Govt likely to set export target of $800 Billion for FY23
New Delhi: India is likely to set an ambitious export target of around $800 billion for goods and services for 2022-23, almost 19.5% higher than $670 billion clocked in 2021-22. The targets - of $450-480 billion for merchandise and $350 billion for services - were discussed in a series of meetings that commerce and industry minister Piyush Goyal had with exporters on Wednesday.

India's goods exports touched a record $420 billion in 2021-22, exceeding the government's target by about 5% and up 40% on-year while services exports touched $250 billion.

"These are consultative meetings and the targets are yet to be fixed," said an official. Exporters raised the issue of high prices of inputs as buyers are now reluctant to raise prices proportionately due to sufficient inventory and lack of demand.

Restoration of the Market Access Initiative scheme for opening of warehouses overseas, easing of visa requirements for inbound tourism and a revised Transport and Marketing Assistance scheme for certain agricultural products in view of the opportunity in farm exports from the Russia-Ukraine crisis were also taken up, according to sources.

"Despite a rise in Covid cases globally, there is an expectation that travel and tourism will grow this year," said an industry representative.

Source Name:- Economic Times



Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 19-01-2023
Notification No. 05/2023 - Customs (N.T.)
Exchange rate Notification No. 05/2023-Cus (NT) dated 19.1.2023.

Date: 16-01-2023
Notification No. 04/2023-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to reduce the Special Additional Excise Duty on Diesel.

Date: 16-01-2023
Notification No. 03/2023-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude and export of Aviation turbine Fuel.

Date: 13-01-2023
Notification No. 01 /2023–Customs
seeks to exempt COVID -19 vaccines from basic Custom duty till 31st March, 2023

Date: 13-01-2023
Notification No. 04/2023-CUSTOMS (N.T.
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 11-01-2023
NOTIFICATION No. 03/2023-Customs (N.T.)
Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023- Reg.

Date: 06-01-2023
Notification No. 01/2023-Customs (ADD)
Seeks to extend levy of ADD on Fishing Net originating in or exported from China PR

Date: 05-01-2023
Notification No. 02/2023 - Customs (N.T.)
Exchange rate Notification No. 02/2023-Cus (NT) dated 5.1.2023-reg

Date: 04-01-2023
NOTIFICATION No 01/2023-Central Tax
To assign powers of Superintendent of central tax to Additional Assistant Directors in DGGI, DGGST and DG Audit.

Date: 02-01-2023
Notification No. 02/2023-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to modify the Special Additional Excise Duty on Diesel



Exim Guru Copyright © 1999-2023 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001