Trade deficit in October narrowed to USD 8.78 billion as against USD 11.76 billion, as imports also fell 11.56 per cent to USD 33.6 billion during the month under review

India was a net importer in October, with a trade deficit of $8.78 billion. It may be seen as an improvement as trade deficit was higher at $11.76 billion during the same time last year, but that's hardly a solace

Value of non-petroleum and non-gems and jewellery exports in September 2020 was $ 21.11 billion, as compared to $ 19 billion in September 2019

Since the COVID-19 lockdown, most of the artisans have been out of work. Only 15 out of 40 looms are operational. Stocks have accumulated and they are facing a severe cash crunch

The sales of handloom tant sarees, known worldwide for its quality of thread and weaving, have come to a halt due to suspension of production amid coronavirus outbreak

Invest systematically and iron out volatility triggered by disruptions such as the Covid 19 pandemic

The textile industry in Tamil Nadu is facing a crisis due to the economic slowdown and fall in exports, forcing many spinning mills and weavers to cut production as well as workforce

Why India dithers on the mega trade deal

There is a mismatch between high-value export items in the world and that of India. From primary and low technology goods, India needs to shift focus to medium and high-tech goods by adopting new technologies and addressing some age-old impediments

India's cotton-spinning industry has been struggling with profitability over the years due to a sharp decline in yarn exports, cheaper import, state and central level taxes on export and high interest rates, said  Northern India Textile Mills Association (NITMA)

India's exports have declined 9.71 per cent to $25.01 billion in June 2019 as compared to $27.7 billion in June 2018. It becomes all the more difficult as the global trade environment is far from being export friendly

The India-China bilateral trade last year touched a historic high of $95.54 billion, raising hopes that the trade this year could cross the historic $100 billion mark.

Here's what the who's who of India Incorporated has to say to Modi 2.0 government which is supposed to take on several economic challenges in near future.

In an FTA, two trading partners significantly reduce or eliminate duties on most of the goods traded between them besides relaxing norms and rules to promote trade in services and increase bilateral investments

The maximum rate of rebate for apparel will now be 6.05 per cent. In the case of made-ups, this goes up to 8.2 per cent.