India Services Export

$500 bn trade target with US to help boost India's exports: Exporters

A target to take bilateral trade to USD 500 billion by 2030 and plans to negotiate a bilateral trade agreement will help India boost its exports to the US, exporters say. The focus on technology, defence, and green energy will particularly benefit India's export sectors and enhance global competitiveness, exporters said. Federation of Indian Export Organisations (FIEO) President Ashwani Kumar underscored the importance of enhancing bilateral trade by eliminating barriers and streamlining processes. International trade expert and Hi-Tech Gears Chairman Deep Kapuria said that the USD 500 billion bilateral trade target is an important outcome of Prime Minister Narendra Modi's high-level visit to Washington. "Since India has surplus in trade with the US, it would bring significant gains to India in terms of enhanced export to the world's largest economy. What is important here is that the two leaders have agreed to negotiate the first tranche of a mutually beneficial multi-sector ...

India's services PMI slides in April, remains robust due to strong demand

The headline Purchasing Managers' Index (PMI) figure, released by HSBC, slid to 60.8 in April from 61.2 recorded in March

Highlights of the day: Paytm President and COO Bhavesh Gupta tenders resignation

From Uddhav Thackrey's attacks on BJP, to Air India's decision to resume its flights between Delhi and Tel Aviv, catch all the latest news here

Tipping point: India's export of services will soon exceed that of goods

As services exports succeed, the rupee will get stronger and the manufacturing sector will find it harder to compete globally, causing a shortage of domestic jobs for rural youth, writes T N Ninan

India services export flat at $14 bn in Sept, imports rise to $8.45 bn

The services sector contributes to about 55% of the country's GDP