During the past five years, India's export has witnessed healthy gains in multiple sectors particularly petroleum, gemstones, agrochemicals and sugar, the Commerce ministry data said.
A total quantity of 90.69 LMT of paddy has arrived in the mandis of Punjab as on November 2, 2024, said the Ministry of Consumer Affairs on Sunday. Out of this, 85.41 LMT have been procured by the state agencies and the FCI.
Reliance Industries, ICICI Bank, State Bank of India, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, and Infosys faced erosion from their market valuation.
The downward revision reflected delays in the recovery of automobile exports, impacted by certification-related issues with certain manufacturers.
India's petrol, aviation turbine fuel, and LPG consumption shot up in October this year compared to the same month last year, reflecting the rising demand for these fuels in a growing economy.
"Bringing back the glory of millets will make the country Aatmanirbhar in 3 areas-mainly Food, Nutrition, and Economy,” the Minister said.
Meanwhile, shopkeepers attribute the scenario to the high costs of goods purchased from the suppliers.
The way forward for stepping up the lending activity and building a conducive credit environment for businesses and individuals was also stressed in the meeting.
India would be in a position to breach USD 20 Billion apparel exports in the coming fiscal year, said the Union Secretary Ministry of Textile Upendra Prasad Singh here on Tuesday.
ADB note stated that green-certified buildings can be more expensive to build, which has limited their uptake among homebuyers and developers in India.
