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    Share of exports of goods and services in GDP increased to 21.4% in 2021-22 from 18.7% in 2020-21
    50 million EXIM containers handled under Logistic Data Bank project Shri Piyush Goyal congratulates NLDSL team for achieving a landmark milestone of t...
    5th Session of India-Egypt Joint Trade Committee and 5th India-Egypt Joint Business Council Meeting 25-26 July 2022 Cairo. Visiting Indian Delegation ...
    India’s overall (merchandise plus services) exports increased from USD 52.8 billion in June 2021 to USD 64.9 billion in June 2022
    Growth in Tea Exports in 2022
    Government providing all round support to domestic toy industry
    Government monitoring price rise situation of major essential commodities on regular basis
    Russia-Ukraine conflict, soaring crude oil prices and tightening of global financial conditions are major reasons for weakening of Indian Rupee agains...
    ECGC introduces new scheme providing enhanced export credit risk insurance cover up to 90% for small exporters
    206 Crore released to States for promotion of exports under TIES scheme
    District Export Action Plans under ODOP prepared in 557 districts; Adopted by District Export Promotion Committees (DEPC) in 218 districts
    India’s merchandise exports during January-June 2022 was USD 235.7 billion as compared to USD 185.9 billion during the same period of the previous y...
    Banking Beyond Tomorrow (Speech by Shri Shaktikanta Das, Governor, Reserve Bank of India - July 22, 2022 - Delivered at the Bank of Baroda’s Annual ...
    India and the UK sign an MoU to increase educational opportunities for Indian students; an MoU on Certificates of Competency of Seafarers of India and...
    Need for diversification of trade basket, deeper cooperation in bilateral investment and skill development in key sectors: Smt. Patel tells the visiti...
    Shri Goyal emphasizes the need for India-Africa Trade and Investment Agreement.
    Union Minister of State for Commerce & Industry, Smt. Anupriya Patel meets Mr. Melaku Alebel, Minister of Industry, Ethiopia
    Department of Commerce notifies rules for Work from Home for Special Economic Zones
    India plans to strengthen its partnership with Africa in the areas of Solar Power, defence trade & military exchanges, physical & digital infra and he...
    Significant potential of boosting exports of fruits and vegetables from Vidarbha region: Nitin Gadkari
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    July 30, 2022
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    Exports share in GDP rises, signaling stronger external demand and broader goods export contribution to output.
    Share of exports of goods and services in national output rose to 21.4% in 2021-22 from 18.7% in 2020-21, driven by a higher merchandise export share (10.9% to 13.3%) and stronger nominal growth in exports and GDP; sectoral tables show increased contributions from Engineering Goods, Petroleum Products and other commodity groups, based on Revised and Provisional Estimates from official statistical agencies.
    July 29, 2022
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    Container tracking and logistics integration enable a national single window platform for interoperable, real time EXIM container monitoring.
    The Logistics Data Bank (LDB) uses RFID, IoT, Big Data and cloud technologies to provide real time tracking of EXIM container movement across ports, CFSs/ICDs, toll plazas, ICPs, SEZs and railway stations, consolidating national EXIM container data and supporting logistics performance and trade facilitation. The LDB has been leveraged to create the Unified Logistics Interface Platform (ULIP), a single window, cross ministerial API based integration layer intended to break silos, improve interoperability and increase transparency and efficiency in the logistics sector.
    July 28, 2022
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    Bilateral trade expansion target set; non-tariff barriers to be resolved and sectoral cooperation advanced to accelerate commerce.
    India and Egypt, through the 5th Sessions of the Joint Trade Committee and Joint Business Council, reviewed recent trade and investment growth, identified priority sectors including agro-products, renewable energy, pharmaceuticals, chemicals, MSMEs, engineering goods, manufacturing and IT, and agreed to conclude pending MoUs in standards, IT and transport. Both sides set an ambitious bilateral trade target to be achieved within a defined timeframe and committed to expedite resolution of impediments, including Egyptian technical visits to address non-tariff barriers to Indian agricultural exports and technical talks on pharmaceutical reference-country recognition.
    July 27, 2022
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    Export promotion measures expand incentives, digital facilitation and district hubs to strengthen merchandise and services exports.
    The Government reported policy and programme measures to sustain and promote exports, including extension of the Foreign Trade Policy, implementation of RoDTEP and RoSCTL incentive schemes, Trade Infrastructure for Export Scheme, Market Access Initiative, a Common Digital Platform for Certificate of Origin to boost FTA utilisation, identification of Champion Services Sectors, district export hub development, strengthened role of missions abroad, and financial relief measures for MSMEs to support export activity.
    July 27, 2022
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    Regulatory compliance for tea exports strengthened through mandatory testing, GAP/GMP enforcement, and grower training to secure quality.
    The Tea Board enforces the Plant Protection Code for Good Agricultural Practices and a Factory Safety Management System for Good Manufacturing Practices, mandates biannual testing of sampled teas against food-safety parameters, requires seasonal factory closures to prevent substandard product, and conducts awareness camps and workshops for small growers to impart GAP training as continuous measures to support export quality and regulatory compliance.
    July 27, 2022
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    Toy quality control: compulsory certification and consignment testing tighten market access while promoting domestic production.
    The Government requires sample testing of each toy consignment with no sale permitted without successful quality testing; failed consignments must be returned or destroyed at importer cost. Basic Customs Duty on toys (HSN 9503) was increased, and the Toys (Quality Control) Order, 2020 mandates compulsory BIS certification-requiring conformity to Indian Standards and the BIS Standard Mark under Scheme-I-for domestic and foreign manufacturers exporting to India. Complementary measures promote indigenous design, innovation challenges, virtual fairs, cluster development under SFURTI and textile cluster support, and trade facilitation for exports.
    July 26, 2022
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    Essential commodity regulation prompts supply-side measures and monitoring to curb price rises and stabilize supplies.
    Government regularly monitors prices of major essential commodities and implements supply-side measures to contain inflation, including indirect tax reductions on fuels, import duty reductions and cess relief for pulses, tariff rationalisation, imposition of stock limits on edible oils, oilseeds and soya meal, and maintenance of buffer stocks for onion and pulses; soya meal was temporarily included under the Essential Commodities Act with attendant stock restrictions to stabilise supplies in the face of global and climate-related supply shocks.
    July 26, 2022
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    Import monitoring and trade remedial measures mobilized to address exchange rate driven import surges and domestic supply rigidities.
    Weakening of the Indian Rupee versus the US Dollar is linked to global shocks and higher commodity prices; the Department of Commerce responds through supply side measures and regulatory tools, centring on trade remedial options, technical standards, enforcement of rules of origin, tariff corrections, and continuous import surveillance using monthly/annual HS 8 level monitoring, an annual position paper, and an Import Monitoring System for steel, non ferrous metals, coal and integrated circuits.
    July 26, 2022
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    Export credit insurance cover expands to support small exporters under ECIB, enabling banks to consider lending concessions.
    ECGC announced an enhanced export credit insurance scheme under ECIB WTPC & PS extending higher cover to manufacturer exporters with fund based export credit limits up to the prescribed small exporter threshold, excluding gems, jewellery & diamond sectors and merchant exporters. The measure permits banks holding ECGC WT ECIB covers to consider interest concessions; State Bank of India will receive the enhanced cover at prior year premium rates due to its favourable claim profile, while other banks may face moderate premium increases.
    July 22, 2022
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    Trade Infrastructure for Export Scheme funding released to states to support export infrastructure projects; multiple projects approved.
    The Trade Infrastructure for Export Scheme provides grant in aid to Central/State agencies and majority owned joint ventures to create or upgrade export linked infrastructure (border haats, land customs stations, testing labs, cold chains, trade promotion centres, warehousing, SEZs, ports/airports cargo terminals). Approvals since FY 2019 20 total twenty seven projects, with State/UT wise funds and instalment notes set out in an annexure; some amounts are subsequent instalments and some funds are yet to be disbursed.
    July 22, 2022
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    One District One Product initiative expands district export action plans, institutionalising State and District Export Promotion Committees for export growth.
    The ODOP initiative has been merged operationally with the Districts as Export Hub programme to develop district-level manufacturing and export potential through State Export Promotion Committees and District Export Promotion Committees. District Export Action Plans, implemented via district institutional structures to address export bottlenecks, improve supply chains and market access and provide handholding for exporters, have been prepared across numerous districts and a subset have been formally adopted by DEPCs.
    July 22, 2022
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    Export policy measures boost merchandise exports, combining incentives, digital Certificate of Origin and district export hubs to aid trade.
    India's merchandise exports rose from USD 185.9 billion to USD 235.7 billion in January-June 2022 with an overall sectoral growth of 26.7%. Major positive contributors included petroleum products, electronic goods, engineering goods, chemicals and textiles, while some commodities contracted. Government measures to support exports comprised extension of the Foreign Trade Policy, continued operation of export promotion schemes (TIES, MAI), implementation of RoDTEP and RoSCTL rebate mechanisms, a Common Digital Platform for Certificate of Origin, enhanced role for missions, district export hubs, and COVID-era financial relief for MSMEs.
    July 22, 2022
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    Depositor protection: banks must strengthen governance, risk management and digital resilience to preserve financial stability.
    Global macroeconomic shocks have tightened external funding and raised inflationary pressures; India's stronger fundamentals, resilient banking system and adequate reserves have limited spillovers, with the Reserve Bank supplying forex liquidity to ensure orderly exchange rate evolution. Banks must prioritise depositor protection through robust governance, risk management, capital and liquidity practices that exceed regulatory minima. The banking future centres on digitisation, open banking, fintech collaboration, cybersecurity, financial inclusion and climate related risk management, requiring strategic investment, enhanced consumer protection and regulatory support for sustainable innovation.
    July 21, 2022
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    Mutual recognition of qualifications enables streamlined mobility for students, seafarers and healthcare professionals between India and the UK.
    Mutual recognition of academic and professional qualifications between India and the UK is established through two MoUs and a Framework Agreement to facilitate mobility and labour market access. The education MoU provides reciprocal recognition of secondary and higher education qualifications and equivalence of Bachelor, Master's and Doctoral degrees to promote student mobility and academic cooperation. The maritime MoU establishes mutual recognition of maritime education, training certificates and competency endorsements for seafarers. The Framework Agreement on healthcare workforce cooperation addresses recruitment, training and skill gap measures for nurses and allied health professionals with streamlined procedures for their recruitment and training.
    July 20, 2022
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    Trade diversification and deeper bilateral investment cooperation to expand sectoral ties and skill development between India and Gabon.
    Need for diversification of the trade basket and deeper bilateral investment cooperation with targeted sectoral engagement in mining, defence, agriculture, healthcare, pharmaceuticals and renewable energy, alongside cooperation on quality standards, skill development and capacity building; India's solar expertise and support for Gabon's economic transformation under the Emergent Gabon Vision 2025 were identified as practical collaboration areas, and parties agreed to continue coordination at multilateral fora.
    July 20, 2022
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    India-Africa trade and investment agreement urged to deepen market access and transfer digital startup technologies benefiting Africa.
    A proposal for a India-Africa Trade and Investment Agreement to institutionalise deeper commercial and investment ties, strengthen bilateral trade and attract sustained investment flows. The initiative highlights leveraging India's startup ecosystem and digital innovations, including interoperable payment and open network platforms, to support Africa's economic growth, digital literacy, education, health services and infrastructure, and frames engagements as development partnerships structured to be comfortable and beneficial for African partners.
    July 20, 2022
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    Duty-free tariff preference expanded to boost trade links and investment facilitation between the two countries.
    India and Ethiopia explored measures to expand bilateral economic ties by diversifying the trade basket and deepening cooperation in agriculture, food processing, leather, textiles and pharmaceuticals. The ministers discussed facilitating Indian manufacturing in Ethiopia, highlighted India's Duty-Free Tariff Preference Scheme for least-developed countries as a market-access mechanism benefiting Ethiopia, and emphasised capacity building, B2B engagement and measures to attract additional foreign direct investment to realise the partnership's potential.
    July 19, 2022
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    Work From Home in Special Economic Zones permits limited remote work with Development Commissioner approval and equipment safeguards.
    Rule 43A permits specified SEZ unit employees - including IT/ITeS staff, temporarily incapacitated employees, travelling employees and those working offsite - to work from home, subject to a cap of fifty percent of total employees including contractual staff, with the Development Commissioner empowered to approve higher numbers for recorded bona fide reasons. Work from home is allowed for up to one year, extendable by the Development Commissioner in one-year increments; units already operating WFH have a ninety-day transition to seek approval. Units must supply equipment and secured connectivity, and equipment removal rights run only for the duration of approved WFH permission.
    July 19, 2022
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    Duty Free Tariff Preference strengthens India-Africa trade ties and underpins cooperation in energy, defence, infrastructure and healthcare.
    India will prioritize bilateral cooperation with African nations in solar energy, defence trade and exchanges, physical and digital infrastructure, and healthcare and pharmaceuticals. The engagement uses four pillars-people, business, trade and government-and deploys policy tools including the Duty Free Tariff Preference, e platforms for education and health, support for local manufacturing and startup ecosystem collaboration, alongside coordinated multilateral initiatives such as support for a TRIPS waiver.
    July 18, 2022
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    Geographical indication use can boost agricultural exports when paired with R&D, quality standards and targeted capacity building.
    Emphasis on leveraging the Geographical Indication status of Nagpur Orange and other citrus to secure premium prices, coupled with targeted R&D for yield and varietal improvement, value addition, and adoption of agri technology. APEDA's capacity building, infrastructure and quality upgradation role-supported by an MoU with Agrovision-is central to training stakeholders, ensuring compliance with importing country packaging and food safety norms, and improving postharvest handling to expand export markets.

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