New online certification system puts exporters in a fix : Rashtra News #online #certification #system #puts #exporters #fix After crossing $30 billion for seven successive months, India’s merchandise exports have hit a home-grown stumbling block in the first 10 days of this month a new system mandating online issuance of Certificates of Origin (CoO)
Electronics Export: In 2023, sectors which are expected to register growth include, aviation turbine fuels, motor gasoline, smartphones, basmati rice, motor car-medium size, turbo-jets, and auto components. Smartphone exports are expected to jump by about 93 per cent to USD 14 billion during the current calendar year as against USD 7.2 billion in 2022.
In 2023, sectors which are expected to register growth include, aviation turbine fuels, motor gasoline, smartphones, basmati rice, motor car-medium size, turbo-jets, and auto components. Smartphone exports are expected to jump by about 93 per cent to USD 14 billion during the current calendar year as against USD 7.2 billion in 2022.
India’s merchandise exports fell by 2.83% on an annualised basis in November to $33.90 billion, even as overall exports – goods and services combined for the month saw a 1.23% year-on-year growth at $62.58 billion. | Latest News India
India s merchandise exports declined by 15.88% in July to $32.25bn due to a global demand slowdown and lesser outbound shipments of petroleum, jewellery and other important products. India targets a $900bn combined export for FY24, up from the previous year s $770bn and aims to improve its export performance through more trade deals.