Indias exports to remain weak in FY2017
The Dollar Business Bureau India’s export is expected to stay low in fiscal 2017, India Ratings and Research said in a report on Tuesday. "We believe that export performance is likely to stay weak in FY17, as globally economies struggle to stabilise,” the research agency said in its report. India’s export was $62.55 billion in the last quarter of 2015 as compared to $65.53 billion in the third quarter of the previous financial year. The research agency also believes that the rupee will weaken and will trade at an average of 67.5 in FY17. “Evidences of linkages between exchange rate and trade performance are weak and do not suggest a strong relation,” the report added. India’s total export value is expected to be close to ...
Lanka, Bangladesh, Nepal key export mkts for engg
The Dollar Business Bureau Sri Lanka, Bangladesh and Nepal have emerged as the key destinations for India’s engineering exports, which shrank by 17.4% during April 2015 –February 2016, together accounting for $5.17 billion. India’s cumulative engineering exports stood at $53.68 billion during April 2015 –February 2016, falling from $64.94 billion during the corresponding period of 2014-15. “The global trade has been going through a major crisis like situation with demand slowdown across different segments. Still, the neighbouring markets which are also members of the SAARC trade regime, have been contributing a significant chunk to the engineering exports,” EEPC India Chairman T S Bhasin said. Bhasin said increased priorities should be given to these smaller economies as slowly-rising demand of engineering products in these ...
India, Belarus target trade worth $1 billion by 2018
The Dollar Business Bureau In an attempt to promote investment flows between the two countries, especially in the backdrop of 'Make in India' campaign, India and Belarus agreed to improve business to business contacts. The decision was taken during India-Belarus Inter Governmental Commission meeting at Minsk, Belarus, where India’s Minister for Commerce and Industry Nirmala Sitharaman and Belarus’s Minister for Industry Vitali Mikhailovich Vovk represented their delegation. “The present level of trade at $400 million did not reflect the true depth of engagement between India and Belarus. It was agreed to set a target of $1 billion by the year 2018,” said the Ministry of Commerce and Industry in a statement. “India and Belarus also discussed the issues relating to long term ...
