Exports rise record 60.29% to $34.45 billion in March
April 15, 2021
In fiscal 2020-21, exports decline moderately by 7.26 per cent; fall in imports sharper
India s goods exports posted a record monthly growth of 60.29 per cent (year-on-year) to $ 34.45 billion pushed by sectors such as engineering goods, electronics, petroleum products, gems & jewellery, and pharmaceuticals.
In the fiscal year April-March 2021, however, exports declined by 7.26 per cent to $290.63 billion compared to the previous fiscal as Covid-19 disruptions slowed down production and demand worldwide.
Imports during the month increased 53.74 per cent to $48.38 billion, with surges in items such as gold, machinery, chemicals, plastics and electronics, resulting in the trade deficit widening to $13.93 billion compared to $9.98 billion in the previous fiscal, per quick estimates released by the Commerce & Industry Ministry.
New Copyright (Amendment) Rules highlight adoption of electronic means
April 08, 2021
Provisions to deal with undistributed royalty amounts
The government has notified Copyright (Amendment) Rules, 2021, which includes new provisions to deal with the undistributed royalty amounts and use of electronic and traceable payment methods for collection and distribution of royalties to encourage accountability and transparency.
“The amendments have been introduced with the objective of bringing the existing rules in parity with other relevant legislations. It aims to ensure flawless compliance in the light of the technological advancement in digital era by adopting electronic means as primary mode of communication and working in the Copyright Office,” according to an official release of the Commerce & Industry Ministry.
At $72.12 billion, FDI inflow in Apr-Jan sets 10-month record
April 05, 2021
Japan, top investor country; highest inflow into software, hardware sector
India’s Foreign Direct Investment (FDI) inflow rose 15 per cent in April-January 2020-21 to $72.12 billion compared to the same period last fiscal. “It is the highest ever for the first ten months of a financial year,” an official release of the Commerce & Industry Ministry circulated on Monday said.
Equity inflow
The trends show that the FDI equity inflow grew by 28 per cent to $54.18 billion in the first ten months of 2020-21, the release stated. FDI inflow includes equity inflows, re-invested earnings and other capital. Japan topped the list of investor countries in India with 29.09 per cent of the total FDI equity inflows during January, 2021. It was followed by Singapore (25.46 per cent) and the US (12.06 per cent).
April 01, 2021
March 2021 had the highest ever exports in Indian history - REUTERS×
Exports in April-March 2020-21 fall 7.4%; imports decline 18.07%
Goods exports in March 2021 jumped 58.23 per cent (year-on-year) to $34 billion the highest ever monthly export figure propelled by sectors such as engineering goods, gems & jewellery and pharmaceuticals, per preliminary data shared by the Commerce & Industry Ministry on Thursday.
Total exports in April-March 2020-21 are at an estimated $289.92 billion, which is 7.4 per cent lower than exports worth $313.36 billion in April-March 2019-20.
Imports in March 2021 increased 52.89 per cent to $48.12 billion, with gold imports alone accounting for rise of $7.17 billion (584.2 per cent rise), while trade deficit was at $ 14.12 billion, according to the preliminary numbers.
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