India was a very prosperous country. India was a successful importer and exporter of goods to other countries. Numerous ancient chronicles mention the significant exports of goods including wheat, rice, sugar, figs, ivory, diamonds, handcrafted jewellery, spices, and textiles among many other items. India once exchanged goods with far-off countries like Egypt, Greece, China, and Rome. The moniker Sone ki Chidiya: A Golden Bird was given to India.
Read MoreThe Food Safety and Standards Authority of India (FSSAI) recently published a circular that makes registrations for foreign food production facilities that export specific food commodities, like meat, milk, and infant meals to India, essential. The new regulations will take effect on February 1, 2023.
Read MoreAs we know India's exports decreased in this year again, with cotton yarn, apparel, and engineering suffering the most. In September, merchandise exports decreased 3.5% year over year due to weakening global demand, rising inflation, geopolitical unrest, and export limitations on some products. Exports had previously declined in February 2021.
Read MoreIndia's imports of goods have increased more than its export goal, leading to a significant trade deficit of 87.5 percent. The dramatic increase in imports of crude oil, coal, gold, electronics, and chemicals as the economy reopened and business and consumption activities steadied are significant causes causing this rising import bill.
Read MoreThe National Logistics policy is a comprehensive attempt to manage cost and inefficiency by establishing a broad, multi-jurisdictional, cross-sectoral framework for the evolving logistics ecosystem.
Read Morea unique code is given to each product by the worldwide categorization system known as the HS code. This makes it possible for you to appropriately classify things, which in turn aids firms in deciding on the proper customs duties and other trade laws for importing or exporting commodities.
Read MoreThe government levied a 20% duty on exports of certain varieties of rice to inspect the domestic price of rice. The duty will discourage international buyers to buy grains from Indian suppliers, boosting supply in India and thereby calming prices.
Read MoreWhile the Indian government is pressuring local automakers to switch to EVs, the transition is proceeding much more slowly than in other nations, with battery-powered vehicles making up barely 1% of the country's yearly car sales.
Read MoreSri Lanka's simmering political crisis is a result of an economic crisis, despite the country having one of the longest liberalised economies in South Asia. It will take years to rebuild the economy.
Read MoreAre you planning to commence your own export business? This blog will surely assist you in knowing which are profitable products to export from India to earn massive profits in foreign currency.
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