https://www.taxtmi.com/news?id=23973 India's external trade showed resilience during 2020-21 with overall exports contracting year on year but demonstrating a marked rebound by March driven by manufacturing, pharmaceuticals, engineering goods, chemicals and other sectoral gains. Petroleum products and gems & jewellery were principal contributors to the annual decline due mainly to global price drops and high import content, while several agricultural and processed goods recorded strong growth. The merchandise and combined trade deficits narrowed, and recovery prospects are linked to improved ease of doing business, plug and play manufacturing capacity, and production linked incentive schemes. en-us Tue, 20 Apr 2021 17:55:58 +0530 Tue, 20 Apr 2021 17:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23973 India's external trade showed resilience during 2020-21 with overall exports contracting year on year but demonstrating a marked rebound by March driven by manufacturing, pharmaceuticals, engineering goods, chemicals and other sectoral gains. Petroleum products and gems & jewellery were principal contributors to the annual decline due mainly to global price drops and high import content, while several agricultural and processed goods recorded strong growth. The merchandise and combined trade deficits narrowed, and recovery prospects are linked to improved ease of doing business, plug and play manufacturing capacity, and production linked incentive schemes. News - Tue, 20 Apr 2021 17:55:58 +0530 https://www.taxtmi.com/news?id=23973