Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Coronavirus outbreak opportunity for India to expand exports: CEA.


Date: 13-02-2020
Subject: Coronavirus outbreak opportunity for India to expand exports: CEA
The coronavirus outbreak in China provides an opportunity for India to expand exports, Chief Economic Advisor Krishnamurthy Subramanian said.

India is one of China's leading trade partners in Asia and has a huge trade deficit with that country.

"It's very hard to say how this will manifest in terms of India's trade relations with China. If we go by the experience of SARS (outbreak), India was not affected that much.

"But, the coronavirus outbreak in China provides a good opportunity to India to expand trade and follow an export-driven model," Subramanian said at the Indian Institute of Management-Calcutta.

He said China imports a lot of components, parts, assembles and integrates and then exports them.

"India has been following the same pattern in terms of mobile manufacturing in the country. So, if one looks from this perspective, it provides a good opportunity for India," Subramanian said.

Talking about GDP, Subramanian said the economic survey has projected it to be in the range of 6-6.5 per cent in the next fiscal.

"This has been done by collating many pieces of evidence using business cycles which prevailed in India," he said, adding, the Union Budget has laid emphasis on rural consumption and capital expenditure.

"In any economy, you don't get growth rates that are constant. We need the average to be in that range," he said.

The Indian economy is projected to grow at a real economic growth rate of 5 per cent in the 2019-20 fiscal, the CEA said.

On fiscal deficit (FD), he said the Fiscal Responsibility and Budget Management Act (FRBM) specifies its limit, which also provides an "escape route" within 50 basis points.


Subramanian said the economic survey makes a delicate balance between spurt in growth and fiscal balance. "But, we said the country has to lean on growth."

Speaking on 'Wealth Creation', he said the government needs to withdraw from areas where there is no requirement for interventions like the Essential Commodities Act.

"That act was needed when there was ravaging famines and foodgrain prodution was low. This act is now anachronistic," the CEA said.

Commenting on the decline in Index of Industrial Production (IIP) numbers, Subramanian said "such volatility" will continue to exist, but the green shoots in the economy were undeniable.

India's industrial output contracted by 0.3 per cent in December, weighed by a decline in the manufacturing sector, government data showed on Wednesday. It had grown by 2.5 per cent in December 2018.

Source: moneycontrol.com

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: 24-10-2020



Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 13-10-2020
Notification No. 30 /2020 -Customs (ADD)
Seeks to amend notification No. 48/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of “Plain Medium Density Fibre Board of thickness 6mm and above” originating in or exported from China PR, Malaysia, Sri Lanka & Thailand, for a period of three months i.e. upto 20th January, 2021.

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 50/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI



Exim Guru Copyright © 1999-2020 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