Skip to main content

 


Reflecting some recovery in the global markets, India's exports for the second straight month in February grew by 4.25 percent to USD 26.26 billion.

With a view to boost exports, the government will announce incentives for exporters in the forthcoming foreign trade policy (FTP).

Exports had entered positive zone after a gap of eight months, recording a 0.82 percent growth in January.

"Europe is performing better now. The decline has been arrested. Sectors which have large weightage especially engineering has started performing better and refined oil too. There is also a marginal improvement in textiles exports," Commerce Secretary S R Rao told reporters in New Delhi on Monday.

Other sectors which performed well include rice, oil meals, pharmaceutical and chemicals.

Rao said the Ministry is intensely engaged with stakeholders for the forthcoming FTP, expected to be announced by end of this month.

"We are actively involved in consultations with chambers, export promotion councils, various departments and state governments and trying to arrive at a package of incentives which would be announced shortly," he said.

Special economic zones (SEZ), which are export hubs of the country, may also get incentives along with the FTP.

Imports rose by 2.6 percent to USD 41.18 billion in February, leaving a trade deficit of USD 14.92 billion from USD 14.93 in February 2012.

Last month trade deficit had widened to around USD 20 billion, the second highest figure ever in a month.

"We certainly expect that trade deficit to narrow as exports are picking up," Rao said.

However, during the April-February period, exports declined by 4 percent to USD 265.95 billion.

Imports during the 11-month period grew by a mere 0.25 percent to USD 448 billion, leaving a trade deficit of USD 182.1 billion.

Comments

Popular posts from this blog

Assembly Elections 2017  Uttar Pradesh  (403/403) Punjab  (117/117) Goa  (38/40) Party Lead Won Total SP+INC 38 28 66 BJP + 193 119 312 BSP 10 10 20 RLD 00 01 1 Others 03 01 4 Party Lead Won Total SAD+BJP 01 16 17 INC 04 74 78 AAP 00 20 20 BSP 0 0 0 Others 00 02 2 Party Lead Won Total BJP 02 12 14 INC 01 13 14 AAP 0 0 0 MGP + 00 03 3 Others 00 07 7 Uttarakhand  (70/70) Manipur  (60/60)   Party Lead Won Total INC 04 07 11 BJP 15 42 57 BSP 0 0 0 UKD 0 0 0 Others 01 01 2 Party Lead Won Total INC 09 16 25 BJP 06 18 24 AITC 0 01 1 NPF 01 03 4 Others 02 04 6  
Women Economic Forum – India in Kolkata presented by the JW Marriott Kolkata. December 10, 2016 Sagar Media Inc HEADLINES LEISURE POLITICS ENVIRONMENT ART & ENTERTAINMENT SPORTS ALL ARTICLES Saturday, Dec. 10, 2016 Next update in about 22 hours Archives Women Economic Forum – India in Kolkata presented by the JW Marriott Kolkata. Shared by Sagar Media Inc enkaysagar.wordpress.com  – We have the pleasure to invite you to be our distinguished speaker at our regional Women Economic Forum – India in Kolkata presented by the JW Marriott Kolkata.  We would love to have you with us a… President Park’s impeachment approved Shared by Sagar Media Inc enkaysagar.wordpress.com  – President Park Geun-hye holds a meeting with Cabinet ministers at the presidential office Cheong Wa Dae in Seoul on Dec. 9, 2016 South Korea’s parliament on Friday passed a motion to impeach Presid… Magnitude...
RB and Save the Children launch productsto reduce child deaths from diarrhoea 25 MAR 2015 Leave a comment by  newdelhisamachara   in  Uncategorized   Edit New Delhi. 25 March 2015 The global partnership between RB and Save the Children today launched a unique and ground-breaking programme to help eradicate child deaths from diarrhoea. The partnership unveiled two innovative new hygiene and sanitation products by RB (formerly known as Reckitt Benckiser) alongside Save the Children’s sustainable Stop Diarrhoea programme in India, Pakistan and Nigeria – aimed at preventing, controlling and treating the unnecessary killer. The combination of RB’s expertise in product development and research, and Save the Children’s experience of delivering life-saving work will help save thousands of young lives a year. Funded by RB, the Stop Diarrhoea programme, will for the first time fully implement the World Health Organisation and UNICEF 7-point plan to ensure c...