Exports

The trading relation with India has been stopped by Afghanistan after the capture of Kabul by the Taliban on August 15, where they also seized two important terminals. Dr Ajay Sahai, the director-general of the Federation of Indian Export Organisation asserted that this year the exports were worth $835 million while imports were $510 million. Afghanistan is popular for exporting sugar, tea, and others.

Making huge increase the Indian exports for April month clocked at $30.21 billion surpassing the previous year's tally of $10.17 billion. Experts attributed strong demand and seamless economic activity behind the surge. However, the trade deficit stood at $15.24 billion as imports in the fiscal month increased by 165.99% year-on-year reaching $45.45 billion. Notably, while the exports dropped by 12.3% from March, the inbound shipment surged… read-more

India has recorded a steep growth of 18.07% in drugs and pharmaceutical exports, said Pharmaceutical Export Promotion Council of India (Pharmexcil). According to the Department of Commerce, Government of India, for the financial year 2020-21, India exported pharmaceutical goods worth $24.44 billion which is the highest export in the past eight years. Despite the pharmaceutical market showing a decline of 1-2% in 2020 globally, the demand for… read-more

In a bid to focus on the domestic immunisation drive, India will no longer expand exports of the COVID-19 vaccines. Though there is no ban on the supply of the vaccines to other countries, the Centre has planned to consider exports only after meeting domestic needs. Interestingly, the vaccine manufacturers have also hinted towards satiating the domestic demands first. Notably, India has supplied over 60 million doses of the vaccines to 76… read-more

The Defence Research and Development Organization (DRDO) on February 4 released a list of 156 defence equipment approved by the Indian government for export to friendly nations. The approved equipment includes indigenous LCA Tejas, tanks, missiles and anti-tank mines. Besides, the export list also includes aeronautical systems, nuclear-biological-chemical equipment, electronics and communication systems and missile systems among others.… read-more