For the month of October, India's gems and jewellery exports grew by 9.18 per cent to USD 2,998.04 million (Rs 25,194.41 crore) due to revival in demand for cut and polished diamond, the Gem and Jewellery Export Promotion Council (GJEPC) said.
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.
Leading automaker Maruti Suzuki India on Tuesday said it sold 184,727 vehicles in the month of August, up from 181,343 units sold in the same month last year.
As part of the ‘Make in India’ initiative, the government on Wednesday announced it would promote both Indian alcoholic and non-alcoholic beverages globally, with a target of $1 billion in export revenue over the next few years, amid a surge in global demand for Indian spirits.
Dragon fruit, grown in Patnagarh of Balangir district, was exported for the first time from Odisha to Dubai from the Biju Patnaik International Airport cargo terminal in Bhubaneswar.
In a surprising turn of events, India has extended its ban on onion exports indefinitely, sending ripples through both domestic and international markets.
Main drivers of merchandise export growth in February 2024 include Engineering Goods, Electronic Goods, Organic and Inorganic Chemicals, Drugs and Pharmaceuticals and Petroleum Products, the commerce ministry said.
The country has set a target of defence exports worth Rs 50,000 crore by 2028-29, he added.
As the wheat stocks in government godowns hit a seven-year low, concerns about food security reverberate across the nation. The current inventory of 163.5 lakh tonnes, though above the minimum buffer level, signifies a delicate situation.
Commerce Secretary Sunil Barthwal said that despite a global slowdown, the country is "in the positive zone".
