The outlook is, however, subject to risks of uncertain prospects for advanced economies, geopolitical shocks, it says
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In comparison with last year, the price realisation by onion farmers in current year has been much higher, minister observed
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The platform is expected to provide international trade-related information and data, along with information on benefits available due to India’s free trade agreements (FTA) with other countries
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India has a high trade deficit with Russia, having been importing a large portion of its energy needs from Russia over the past couple of years
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Overall trade deficit significantly improved from USD 121.6 billion in 2022-23 to USD 75.6 billion in 2023-24
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For India, special economic zones (SEZs) are important hubs of export, contributing to over one-third of the country's total exports in the previous fiscal year
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On the price front, higher raw material and freight costs led to a rise in input prices
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The manufacturers are navigating the declines in sales through various strategies such as introducing new models, enhancing distribution networks and focusing on export markets
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To ensure the quality of spices, now the spice board has made it mandatory to sample and test for EtO residues for all spice shipments to Singapore and Hong Kong from 7 May 2024
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India's merchandise exports are up by 1.07 per cent to nearly USD 35 billion in April, despite global market uncertainties stemming from economic slowdowns and geopolitical tensions
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