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December 2, 2024 6:31 PM

India’s organic food products export reaches $448 Mn, set to surpass last year’s figures

India's organic food products export reached $447.73 million in the first eight months of this fiscal (FY25) and is on track to surpass last year's total export of $494.80 million, the Parliament was informed on Monday. In a written reply to the Lok Sabha, Union Minister of Food Processing Industries, Navneet Singh Bittu, stated that 263,050 metric tonnes (MT) of organic food products have been exported as of November 25 this year. While the Ministry of Food Processing Industries has not alloc...

October 16, 2024 5:15 PM

India’s exports rise by 4.86% in first half of FY25, but trade deficit grows sharply

India's overall exports, including merchandise and services, witnessed a 4.86% year-on-year increase in the first half of FY25, reaching $393.22 billion for the April-September period, according to data released by the Commerce Ministry on Wednesday. Despite the growth in exports, India's trade deficit surged significantly. The trade gap for April-September 2024-25 expanded by 24.11%, rising from $44.18 billion to $54.83 billion. The overall import for the first half of FY25 stood at USD 448.0...

September 16, 2024 5:55 PM

India’s exports surpass $200 billion in Q1, government confident of reaching $800 billion annual target

As India's exports in the first quarter of 2024-25 (April-June) crossed the USD 200 billion mark, the government has expressed its optimism about reaching its full-year target of USD 800 billion. Commerce Secretary Sunil Barthwal expressed optimism about reaching the full-year goal while releasing June's trade data on Monday. "We are quite optimistic and it gives us optimism that we'd be crossing our $800 billion of trade this year," Barthwal said. According to the commerce ministry data, Indi...

May 15, 2024 6:18 PM

India registers record export at USD 778 billion in 2023-24

India registered record exports in the just concluded financial year 2023-24 at USD 778 billion, sources in the commerce ministry said. In the financial year 2022-23, the combined value of exported goods and services stood at USD 776.3 billion. In 2023-24, services exports increased from USD 325.3 billion to USD 341.1 billion, while merchandise exports marginally declined from USD 451.1 billion to USD 437.1 billion. The government has launched the Production Linked Incentive (PLI) scheme with ...