Foreign Trade

Foreign TradeMarket TrendsPolitics
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Piyush Goyal Predicts That By 2030, Trade Between India And The US Might Reach $500–600 Billion.

On Saturday, Piyush Goyal confidently predicts that the US & India Trade will reach $500-$600 Billion US Dollars by 2030.  If we talk about the current trade situation so it is around $175 Billion US Dollars. Their trade relationship is getting strengthen day by day.   He further added that the US is seeing India be…

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CommoditiesForeign TradeMarket Trends
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Indian Sugar Mills Closes Four Deals Of Around $1 MT Of Sugar Export After Receiving Government Clearance

Indian Sugar mills are signing export agreements aggressively. they signed almost one MT sugar export agreement in just four days after receiving the government clearance As per the news, they will get a higher price of sugar export in the global trade market.  The multinational trading business dealer located in Mumbai, the financial center, stated…

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Foreign TradeMarket Trends
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India Aims To Boost Trade With Other Countries Via Rupees Transactions: Report

the Indian government having a discussion with smaller countries to establish a bilateral trade through the Rupee account. Additionally, the Indian government wants to internationalize indigenous payment methods. This decision is taken just to establish a new payment method and control the domination of US Dollars in the global trade market.   This is just a…

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CommoditiesForeign TradeGlobal ProductsGlobal TradingMarket Trends
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Significant Chinese Imports Are Used To Complete The Demand Of Growing Industries

This Thursday, the government of India officially announced that the primary imported commodities from china such as electronic components, computer hardware, and chemicals are completing the demand of fast-growing industries such as telecom and power in India.  The government of India said that we are importing Chinese goods in raw form and covert that raw…

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Bilateral TradeForeign TradeMarket Trends
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Eager On Securing A Trade Partnership With India, Said By The Home Secretary Of U.K. “Suella Braverman”

The latest news is that the U.K. Home secretary “Suella Braverman” said she eagerly awaits establishing a trade agreement with India. This statement shows that the Bratanian no longer has a Eurocentric mood toward trade According to the data, this Tuesday, in London,  the Diwali event is organized by the U.K. Based Indian Global Forum(…

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Bilateral TradeForeign TradeGlobal TradingMarket Trends
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By 2030, India Will Accomplish The $2 Trillion Export Goal, Said Piyush Goyal

on Sunday, Indian Commerce and industry minister Piyush Goyal stated that statement that India will be going to accomplish $2 Trillion US Dollars by 2030 in export. He is too confident that the Indian export sector will reach that next level of height soon.  Additionally, they are also confident that India will reach $30 trillion…

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Bilateral TradeForeign TradeMarket TrendsPolitics
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Union Minister Pralhad Joshi declared that “India will stop importing thermal coal by 2024-25”

On Friday 14th Oct, The Indian Union Minister Pralhad Joshi stated that “India will stop importing thermal coal by 2024-25”.  This is the big step taken by the Indian government just to minimize the dependency on other foreign countries for essential goods.  Pralhad Joshi said that in the present year domestic coal production is seeing…

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Foreign TradeMarket TrendsPolitics
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The trader wants to increase the GST Exemption on Export Freight

As India extended the foreign trade policy till march 2023. Traders are demanding to extend the GST exemption on Export freight.  The Federation of Indian Export Organizations (FIEO) expresses that the GST exemption is not being extended. They said that the exemption is already extended twice a time till it was announced.    The export freight…

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Foreign TradeMarket TrendsPolitics
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“Increasing Import is a concern but placing restriction is not the solution”

B.V.R. Subrahmanyam states a statement that “Rising imports a concern, but imposing curbs not the solution”.  At the current time, India is facing problems in the import-export sector. As per the latest news, the Indian export sector decreased by 1.62% in August 2022 and the import sector increased by 37% in August 2022.   India is…

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