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.
Union Minister of Commerce & Industry Piyush Goyal on Thursday chaired an inter-ministerial meeting to address rising freight costs, shipping delays, container shortages, and congestion at ports.
This event was a part of the "Swachhata Hi Seva 2024" campaign.
This has been a record improvement in the institute’s ranking since the beginning of NIRF ranking in 2016.
The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
The Bangladeshi government on Sunday launched a special sales drive of essentials at subsidised rates across the South Asian country to help millions of low-income families cope with soaring prices.
“Wherever possible, the Indian Standards are harmonized with international standards for ensuring that quality of services matches global expectations,” the Ministry said.
India's exports grew by 67.39 per cent to USD 32.21 billion in May, driven by healthy growth in sectors such as engineering, and petroleum products.
Oil imports grew by 1.22 per cent to USD 10.17 billion in March. During 2020-21, oil imports dipped by 37 per cent to USD 82.25 billion.
In addition, it has also recommended to the Finance Ministry that purchase of cigarette cartons at duty-free shops should be banned.
