Online Export Import Data Search

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

See 16% growth in exports in current financial year: Commerce Secretary Anup Wadhawan.

Date: 26-09-2018
Subject: See 16% growth in exports in current financial year: Commerce Secretary Anup Wadhawan
The government is expecting a 16 percent growth in the merchandise export in the current financial year, a top government official said on September 25.

"Our exports have grown at 16 percent during April-August in the current year and we expect the growth rate to continue during the rest of the year," said Commerce Secretary Anup Wadhawan, adding that the Commerce Ministry is working on a commodity and territory-wise export strategy.

In order to achieve this target, the Ministry is engaging with exporters on a daily basis.

Exports grew 9.78 percent to $302.84 billion during 2017-18. During April-August 2018-19, grew 16.13 percent at $136.09 billion.

India is currently working on a broad policy decision to address the issue of expanding current account deficit (CAD). After meeting the Prime Minister to review the economic situation, Finance Minister Arun Jaitley on September 14 had said the government will take necessary steps to cut down non-essential imports and also increase exports.

Import restrictions as well as export promotion steps will help the government control the rising CAD that has widened to $15.8 billion in April-June or 2.4 percent of Gross Domestic Product (GDP), Wadhawan said.

While depreciation in rupee has made imports more expensive, the fall in currency generally makes exports more attractive.

Rupee has fallen more than 12 percent this year, making it worst performing Asian currency. On Tuesday, the rupee closed at 72.69 per dollar.

Regarding an increase in global oil prices, Wadhawan said that it is a temporary aberration and the world will overcome the petroleum issue.

“We certainly hope that the global petroleum economy remains undisturbed by political factors," he said.

He also said that the commerce ministry hopes to make rupee payment mechanism with Russia, whereby Indian importers can pay in Indian currency. This may help the government reduce the CAD in the future as imports will be less dependent on dollars.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 01-12-2020
Notification No. 42/2020 -Customs (ADD)
Seeks to amend notification No. 21/2016-Customs (ADD) dated 31st May, 2016 to extend the levy of Anti-Dumping duty on Methylene chloride originating in or exported from China PR, up to and inclusive of 31st Jan, 2021.

Date: 01-12-2020
Notification No. 90/2020 – Central Tax
Seeks to make amendment to Notification no. 12/2017- Central Tax dated 28.06.2017.

Date: 29-11-2020
Notification No. 89/2020 – Central Tax
Seeks to waive penalty payable for noncompliance of the provisions of notification No.14/2020 – Central Tax, dated the 21st March, 2020.

Date: 27-11-2020
Notification No. 109/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg

Date: 27-11-2020
Circular No. 52/2020-Customs
Exports of Gems and Jewellery through Courier mode - reg.

Date: 27-11-2020
Notification No. 40/2020-Customs (ADD)
Seeks to impose Anti-Dumping duty on Fluoroelastomers (FKM) originating in or exported from China PR for a period of 5 years, in pursuance of sunset review final findings issued by DGTR

Date: 27-11-2020
Notification No. 41/2020 -Customs (ADD)
Seeks to further amend notification No. 49/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of “Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles” originating in or exported from China PR, for a period upto and inclusive of the January 31, 2021

Date: 26-11-2020
Notification No. 43/2020-Customs
Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe BCD rate of 27.5% on Crude Palm Oil

Date: 26-11-2020
Notification No. 39/2020-Customs (ADD)
Seeks to amend notification No. 51/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of "Fully Drawn or Fully Oriented Yarn/Spin Drawn Yarn/Flat Yarn of Polyester " originating in or exported from China PR & Thailand , for a further period upto and inclusive of 31st December, 2020

Date: 26-11-2020
Public Notice No. 30/2015-20
Revision of SION A1827 of Export Products - Ossein

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.


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