Commerce Ministry Archives

Engineering Goods recorded a robust increase of 15.9 percent at $9.94 billion over $8.58 billion in February 2023

India’s exports surge to 11-month high in Feb despite Red Sea...

PGurus Newsdesk - March 16, 2024 0

Lower trade deficit reflects stronger macroeconomic fundamentals and will strengthen the rupee India's merchandise exports surged to an 11-month high in February to touch the...

GeM was conceptualized by PM Modi as a mission to foster 'Minimum Government, Maximum Governance' through digital platforms

Economy

Govt eMarketplace deals soar to record Rs 3.lakh crore, states too...

PGurus Newsdesk - February 13, 2024 1

Govt procurement from GeM portal to cross Rs 4 lakh cr this fiscal The Government eMarketplace (GeM) has registered a record gross merchandise value of...

Overall trade deficit narrowed during the month to $5.17 billion during the month from $7.75 billion in December 2022

Economy

Amid global slowdown, India’s merchandise exports surge 1% in Dec 2023

PGurus Newsdesk - January 16, 2024 0

Despite a global slowdown, India is in the positive zone According to official figures released by the Commerce Ministry, India's merchandise exports registered a 0.96...

Trade experts believe that though exports and imports are declining between India and the US due to global demand slowdown, the growth rate will enter a positive zone soon

Economy

US emerges as India’s biggest trading partner during Apr-Sep this fiscal;...

Team PGurus - October 22, 2023 0

Bilateral trade between India, US declined by 11.3% The United States has emerged as India's biggest trading partner during the first half of the current...

India's bilateral trade with China fell by 1.5 percent in 2022-23 to $114 billion, compared to $115 billion in 2021-22

Banking

A surge of 8% in trade between India and the US;...

PGurus Newsdesk - April 17, 2023 0

US emerges as India's biggest trading partner in FY23 at $128.55 billion; China in second position Bilateral trade between India and the US rose by...

Centre makes changes to facilitate and ease international trade transactions in Indian Rupees

Banking

Centre amends Foreign Trade Policy; allows rupee settlement in export promotion...

PGurus Newsdesk - November 9, 2022 1

With the aim to boost trade, govt allows rupee settlement in export promotion schemes The Commerce Ministry said in a statement that the Central government...

Commerce

Amid macroeconomic headwinds, India’s non-petroleum exports to UAE grew 14%

PGurus Newsdesk - September 26, 2022 0

Indian exports to UAE excluding petroleum products surge to $5.92 bn from $5.17 bn YoY According to official data released by Commerce Ministry, Indian exports...

Amazon clarifies that the amount included professional fees and that Amazon India Ltd is not owned by it

Business

Amazon clarifies to Commerce Ministry on reported huge legal fee of...

Team PGurus - October 1, 2021 0

Amazon clarifies to govt on reported legal fee, says expense includes professional fee Amazon has clarified to India’s Commerce Ministry on its reported legal fee...