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India’s trade deficit narrows to Rs. 1.82 lakh crore in May as non-oil exports rise

Topnewsplus3 months ago04 mins

India’s trade deficit narrowed to Rs. 1.82 lakh crore in May, down from Rs. 2.20 lakh crore in April, as non-petroleum exports showed strong growth and imports declined slightly, according to data released by the Ministry of Commerce and Industry on Monday. Merchandise exports in May stood at Rs. 3.23 lakh crore, marginally lower than…

FTAs making India more competitive against markets like USA, China, Brazil

Topnewsplus4 months ago06 mins

Free Trade Agreements (FTAs) are making India more competitive with markets like the United States of America, China and Brazil, said an official of the Commerce Ministry. According to APEDA, in processed food, India will gain ground over the USA, China, and Thailand. We will become more competitive than the USA, China, Thailand, and Vietnam…