Exporters' community is hopeful that outbound shipments would start recording healthy growth rates from April 2021, helped by growth in demand in developed as well as developing countries

Other recommendations include extending tax deduction on product development, providing deemed export status to Indian industry under the global bidding of procurement, ECGC coverage to the banks for export finance, and higher budget allocation to the Department of Commerce

Having deliberately opted out of the world's largest trade bloc, RCEP, India can now push for the limited trade deal with the US

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

He was addressing the virtual inaugural ceremony of the 10-day 'Namaste Bharat' exhibition, a first of its kind exhibition for promoting 'Made in India' products globally

While refunds for 'risky' exporters have been a contentious issue, tax consultants with sizeable client base said that technical glitches are also being cited for pending GST refunds

With foreign trade pattern changing drastically over the last few months in the wake of global supply disruptions and demand slump among other key factors, lower imports have resulted in fewer containers coming back to India

India and the US are likely to restore some trade concessions, but an FTA is still years away

It has also been suggested to review MEIS and coverage so that the benefit outgo remains within the allocation of Rs 9,000 crore in this period

New Delhi said in June it had identified thousands of exporters that had claimed tax rebates based on bogus invoices and would require them to submit receipts before issuing refunds

The Federation of All India Vyapar Mandal (FAIVM) said, though they support stopping the import of Chinese goods for creating a roadmap to reduce dependence on Chinese products but any action should not endanger\" the ongoing domestic business

Fearing a major tit-for-tat measure from China, Federation of Indian Export Organisation has said that fear of retaliation is high and absence of official word on matter has made matter worse

Sharad Kumar Saraf, president, Federation of Indian Export Organisations (FIEO) said the association has requested Commerce Ministry to come out with an official clarification to make it clear that India has not resorted to any such blanket move to targets goods from China

FIEO President SK Saraf urged the Commerce Ministry to take up the matter with Central Board of Indirect Taxes and Customs (CBIC) to see whether any official communication has been sent to Indian customs regarding scrutiny of Chinese consignments here

While China has missed on infrastructure investment opportunities in India it has enjoyed a fairly advantageous position sectors like solar power and pharmaceutical

The FIEO said this is hurting \"the export-import community to a large extent, a sizeable chunk of which belongs to the MSME sector\"

As orders are scrapped, supply chain is disrupted and global demand slumps, Indian exporters struggle to remain in business

Trade body advises members to only export to countries which have announced stimulus

Maruti Suzuki India on March 23 had halted production of vehicles at its various plants as a precaution against the spread of life-threatening coronavirus

MSME guide to survival has several drastic measures such as lower leverage and diversification into newer areas