Indias IT services exports grow by 14.8% in 2014-15
The Dollar Business Bureau India’s exports of computer software and information technology enabled services (ITES)/BPO services grew by 14.8% to $82 billion during the last financial year, RBI data said on Tuesday. The growth in India’s total software services exports were led by computer services, contributing a whopping 72% growth, followed by the ITES/BPO sector which contributed 28% during the period. Public limited companies accounted for 55.6% share of the total software services exports during 2014-15. According to the survey on ‘Computer Software & Information Technology Enabled Services Exports: 2014-15' released by RBI, the US and Canada continued to be India’s major exports destinations, accounting for about 60% of total software services export during 2014-15. “Europe's share stood at nearly 25%, of ...
'Indias $900-bn export target may hit structural bottlenecks'
The study suggests India to undertake massive investments in vocational ecosystems and infrastructure development to become a world-class exporting hub The Dollar Business Bureau Because of not being a part of the TPP, India may risk losing out a significant chunk of its export market to rivals India may not achieve its ambitious target of doubling its exports to $900 billion by fiscal 2020 from the current level of $470 billion due to various structural challenges, a study has said. While the newly-agreed Trans-Pacific Partnership (TPP) and the global cyclic slowdown are the current major deadlocks, the bigger challenge of the countrys export is structural, said CRISIL in its latest research. Falling trade intensity of global growth is the external structural constraint while declining ...
'Indias seafood exports likely to fall marginally'
Deepak Kumar | The Dollar Business India’s seafood exports are expected to witness a marginal decline of up to 4% in the current financial year, an industry expert has said. “Seafood exports value is already coming down because of several reasons. Recent fluctuations in aquaculture prices and global slowdown have affected India’s overall seafood exports. There could be around 3-4% decline in its overall exports as compared to the previous financial year,” Kenny Thomas, Vice President of Seafood Exporters Association of India (SEAI), told The Dollar Business. During the last financial year, the country’s seafood exports reached an all-time high to 1.05 million tonnes worth $5.51 billion, up about 6% from the shipment value of the previous fiscal. The growth was ...
EU levies anti-dumping duty on Indian iron pipes products
The Dollar Business Bureau The European Union has imposed a provisional anti-dumping duty of up to 31.2% on imports of tubes and pipes from India for a period of six months. The European Commission said that it has imposed a 15.3% provisional anti-dumping duty on shipments from Electrosteel Casting Ltd. and a 31.2% levy on exports from Jindal Saw Ltd. and other companies. The products under scrutiny were tubes and pipes of ductile cast iron originating in India and they are used for drinking water supply, sewage disposal and irrigation of agricultural land. “The European Commission initiated an anti-dumping investigation with regard to imports into the Union of tubes and pipes of ductile cast iron following a complaint lodged by Saint-Gobain PAM ...
