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On the back of record defence exports in FY23-24, indigenous defence production jumps by 16.7 per cent
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The Ministry of Consumer Affairs, Food & Public Distribution announced that the stock limit for traders and wholesalers is 3000 metric tons (MT), while for retailers, the limit is 10 MT per retail outlet.
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This initiative is part of broader efforts by the Ministry of Consumer Affairs to modernize and streamline foreign trade procedures
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India’s total exports during April to May 2024 is estimated at USD 133.61 billion
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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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While CHASE India report outlines the ministry's focus on modernising the armed forces and central armed police forces with advanced weapons, equipment and technology
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The government though did not give any reasons behind such move.
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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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