Imports

The new export-import data released by the commerce ministry on September 14 showed that exports increased by 45.76% from USD 22.83 to 33.28 billion in August. The cumulative figure of exports between April-August 2021 also expanded by 67.33% from the previous year's USD 98.06 billion to USD 164.10 billion. However, imports rose by 51.72% to USD 47.09 billion in August, resulting in a trade deficit of USD 13.81 billion.

The Centre has retained the consent to import Wi-Fi modules from China continuing from November. Reportedly, the development halted the launches of US-based Dell and HP and China's Xiaomi, Oppo, Vivo, and Lenovo for months. The Wireless Planning and Coordination wing of Communications Ministry has retained the consent indicating PM Modi's nationalist policies as several applications await WPC's assent. According to a source, the move aims to… read-more

The Stockholm International Peace Research Institute has reported a 33% decline in India's import of arms between 2011–15 and 2016–20. It cited India's complex procurement processes and the country's efforts to reduce dependence on imported arms and boost defense manufacturing at home as the reasons. Notably, the report said that Russia was the worst sufferer of the decline followed by the US from where India's arms import dipped by 46%.

A consignment of 1,450 metric tonnes Bangladeshi Hilsa fish will reach the West Bengal market before Durga Puja. Reportedly, the biggest since 2012, this shipment will lower the prices of the Bangla Hilsa in the local markets from Rs 1500-1800 per kilogram to Rs 800-1200. Earlier, Bangladesh government had banned Hilsa exports in 2012. BSF has also seized around 2,800 Kg smuggled Bangladeshi Hilsa in the last seven months.