Key Apple suppliers, particularly Foxconn, have bolstered their supply chains, contributing to this export success
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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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In volume terms, coffee shipments surged by 13.35 per cent to 125,631 tonnes during the January-March period of 2023-24, compared to 110,830 tonnes in the same period the previous year
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India’s push to bilateral free trade agreements and its ambition to grow its manufacturing sector should also support goods exports in the near term
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The merchandise trade deficit widens to USD 19.1 billion from USD 15.6 billion in March and USD 14.4 billion in April last year.
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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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DG Upadhyay also said that the import bans on certain items pushed foreign companies to set up manufacturing plants in India to meet domestic as well as global demand
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