India's shipments to 4 of top 10 destinations declined
Indian firms in the electronics, solar, and electric vehicle (EV) sectors are experiencing delays and disruptions due to China's restrictions on export of key inputs and machinery, economic think tank GTRI said on Thursday. It said the curbs could be China's response to India's restrictions on Chinese investments and visas. "This also signals deeper geopolitical tensions and trade war. We hope India-specific restrictions go away soon as they will also hurt China," Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. He added that while these measures impact India's electronics, solar, and EV sectors, they are also harmful to China's own manufacturing and exports. "Indian firms in electronics, solar, and EV sectors are facing delays and disruptions as China blocks exports of inputs and machinery," it said. India must stay firm against unreasonable demands from China and focus on building local manufacturing capabilities and diversifying supply chains, he ...
The firms include mining giant Zijin Mining Group, and solar companies such as a subsidiary of JA Solar Technology Co., according to a statement from the Department of Homeland Security
China's export restrictions on critical equipment have disrupted India's manufacturing sector, affecting industries like electronics, solar panels, and EVs, and delaying growth plans
Imports surprised to the upside with 1.0 per cent growth, the strongest performance since July 2024
The outstanding growth in China in a largely stalling global EV landscape bode well for local leaders such as BYD , Geely and Xiaomi
The draft law exempts tax on specific agricultural products, imported equipment for scientific research and teaching, certain goods for people with disability, and services by welfare institutions
Export growth will accelerate to 7 per cent in the final three months from the same period last year, according to the median forecast of analysts surveyed by Bloomberg
Tata Hitachi, a joint venture between Japan's Hitachi Construction Machinery Company and Tata Motors, has lost market share in recent years. One reason was the influx of Chinese imports
The government on Sunday imposed import curbs on parts of pocket lighters with immediate effect, a move which would help encourage domestic manufacturing and cut dependence on their inbound shipments from China. "Import of parts of pocket lighters, gas fuelled, non-refillable or refillable lighters (cigarette lighters)... is restricted with immediate effect," the directorate general of foreign trade (DGFT) said in a notification. Imports of cigarette lighters, priced less than Rs 20, are already prohibited. The import ban is also there on pocket lighters, gas-fuelled, non-refillable or refillable. Last year, the government also issued mandatory quality standard norms for flame-producing lighters with a view to contain import of sub-standard goods and boost domestic manufacturing. Items under the quality control orders (QCO), cannot be produced, sold/traded, imported and stocked unless they bear the BIS (Bureau of Indian Standards) mark. During April-July this fiscal, import of lig
In July this year, the European Union (EU) imposed additional tariffs of up to 37.6 per cent on electric vehicles (EVs) imported from China over suspicions of 'unfair' competition
India's exports to China witnessed 22.44 per cent contraction to $1 billion, while overall exports declined 9 per cent at $34.7 billion in August, commerce department data showed
The Commission declined to give details of the offers, but said it had thoroughly reviewed them to see if they met World Trade Organization and EU anti-subsidy rules
Outbound shipments from the world's second-largest economy grew 8.7 per cent year-on-year in value last month, customs data showed on Tuesday
China's exports grew for a fifth consecutive month, in a sign of growing demand abroad even as imports fell amid a slowing Chinese economy. Exports in August expanded by 8.7 per cent to USD 308.65 billion compared to the same period last year, according to data released by China's customs office Tuesday, beating economists' estimates of about 6.5 per cent. The export figures for August were also up from the 7 per cent rise in July. The reading in August is the strongest in 18 months, thanks in part to a low base in August 2023, when exports declined 8.8 per cent. By comparison, imports grew just 0.5 per cent compared to a year ago, falling short of the approximately 2 per cent estimate by economists. Chinese leaders have ramped up investment in manufacturing to rev up an economy that stalled during the pandemic and is still growing slower than hoped. Export values grew year-on-year at the fastest pace in 17 months, with export volumes hitting record highs. We expect exports to rem
India's share of global apparel exports has decreased from 4 per cent in 2018 to 3 per cent in 2022, mainly due to rising production costs and declining productivity, according to the World Bank
The move, ahead of a forecast bumper grains harvest this year, is the latest effort by China to ease domestic oversupply and bolster local prices
European Commission published draft findings of its high-profile investigation into alleged subsidies for imports of Chinese-made EVs, which included some revisions to proposed punitive tariffs
Rising inflation was attributed to bad weather rather than stronger domestic demand, a jump in imports reflected frontloaded chip purchases before expected U.S. technology curbs
India's exports to China dipped by 9.44 per cent to USD 1.05 billion, while imports rose by 13.05 per cent to USD 10.28 billion in July, according to the commerce ministry data. Cumulatively, during April-July this fiscal, exports to the neighbouring country also dipped by 4.54 per cent to USD 4.8 billion, while imports grew 9.66 per cent to USD 35.85 billion, leaving a trade deficit of USD 31.31 billion, the data showed. The country's exports also contracted to the UK, Germany, South Africa, Malaysia, France, Italy, Australia, Nepal, Brazil, Belgium, Turkey, and Indonesia during the month. However, the outbound shipments recorded growth in the US, UAE, the Netherlands, Singapore, Saudi Arabia, Bangladesh, and Mexico in July. According to the data, India's exports to the US rose 3.15 per cent to USD 6.55 billion, while imports increased by 1.43 per cent to USD 3.71 billion in July. Cumulatively, during April-July 2024-25, exports to the US increased 9 per cent to USD 27.44 billion