India, which was the second largest exporter of textile and apparel during 2014-17 after China, has fallen to the 5th rank in 2018 as Germany, Bangladesh and Vietnam have stepped in, according to chairman of Confederation of Indian Textile Industry (CITI) Sanjay K Jain. India's exports in...
India’s Department for Promotion of Industry and Internal Trade (DPIIT) under the ministry of commerce and industry has reportedly proposed to formulate a national retail policy to support growth of domestic trade as part of a 100-day action plan prepared by it for the new government. The...
To boost job creation and exports, the new government at the Centre should resolve issues related to Technology Upgradation Fund Scheme (TUFS), Southern India Mills’ Association (SIMA) has said. The association has also appealed for release of ₹9,000 crore pending TUFS subsidies on a fast track. The...
Strong action to spur consumption, investments and net exports will take India’s gross domestic product (GDP) growth rates much higher, according to Vikram Kirloskar, president of Confederation of Indian Industry (CII). This is the right time for India to think big and envision a GDP growth rate...
A strategy paper by the Indian commerce ministry has outlined steps like pushing exports, launching export incentive schemes, cutting import dependence and attracting foreign firms that are looking at shifting manufacturing bases from China to reduce trade imbalance. The paper was submitted recently to commerce and industry...
January-March growth falls to 5.8%, down from October-December's 6.6%; slowdown puts pressure for fiscal stimulus, rate cut; 2018/19 growth estimate cut to 6.8% from 7%; weaker consumer demand, global slowdown undermine growth. India's economy grew at a much-lower-than-expected 5.8% in the January-March period, its slowest pace in...