India and Vietnam are benefiting the most from the China plus one strategy, which is anticipated to create new growth opportunities for Asian economies, as per a report by Nomura released on Tuesday. The report predicts that India’s exports will surge to $835 billion by 2030 from $431 billion in 2023, driven by its large … Read more
New Delhi: India and Vietnam are gaining the most from the China plus one strategy, which is also expected to unlock new growth opportunities for Asian economies, according to Nomura. India’s exports will likely surge to $835 billion by 2030 from $431 billion in 2023 with its large domestic market helping attract firms looking for … Read more
The country’s largest carmaker Maruti Suzuki Tuesday said it is looking to strengthen its service network in line with an increase in sales over the next few years. The company, which Tuesday announced the opening of its 5,000th service touchpoint in the country, is looking at doubling capacity to 4 million units per annum by … Read more
Wheels India Ltd has reported a 64.3 per cent rise in its net profit for the January-March 2024 quarter at Rs 36.8 crore on the back of exports doing well, the company said. The Chennai-based manufacturer of wheels for trucks, agricultural tractors, passenger vehicles had registered a net profit of Rs 22.4 crore during the … Read more
The average Indian in 2024 might prefer to buy a tank-sized automotive beauty with all the frills over a smaller car. However, what the desis seem to be rejecting, are turning out to be the backbone of India’s car exports. The SUV breeze has affected the sales of smaller cars and sedans in India over … Read more
NEW DELHI: Commerce and industry minister Piyush Goyal on Friday unveiled moves to simplify the regime for exporters in special economic zones, those with export-oriented units or using the advance authorisation scheme and provide benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme.While noting that goods exports may be marginally lower … Read more
New Delhi: Commerce and industry minister Piyush Goyal on Friday unveiled moves to simplify the regime for exporters in special economic zones, those with export-oriented units or using the advance authorisation scheme and provide benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme.While noting that goods exports may be marginally lower … Read more
New Delhi: India saw a 36 percent dip in its exports of refined petroleum products this year as compared to the last, government data shows. Experts put these fluctuations chiefly down to one major geopolitical event — the ongoing Russia-Ukraine conflict. According to data from the Ministry of Commerce and Industry, India’s refined petroleum exports for FY 2023-24 (April-December … Read more
NEW DELHI: India’s trade deficit narrowed to a nine-month low of $17.5 billion in January as exports grew 3% to $36.9 billion, with a matching increase in imports to $54.4 billion, according to data released by the commerce department.“Despite the Red Sea crisis, recession in developed countries and a fall in commodity prices, we have … Read more
Annual revenue growth of leading auto component manufacturing companies will come down to 5-7 per cent in the next fiscal due to moderation in domestic volumes and a drop in exports, rating firm Icra said on Tuesday. According to Icra estimates, its sample of 45 auto ancillaries, with aggregate annual revenues of Rs 2.7 lakh … Read more