Home |Sitemap |FAQs |Contact Us
Product Country
Increase Font Size Decrease Font Size
Menu
Market News
 
India plans to achieve $2 trillion exports by 2030.
Jan 31, 2024

The Centre is confident of achieving an export target of $2 trillion by 2030, said union commerce secretary, Sunil Barthwal, while speaking at a seminar hosted jointly by Bharat Chamber of Commerce (BCC) and Indian Council of Arbitration on foreign trade policy (FTP).
At present Indi’as exports of goods and services stand at $750 billion. Barthwal said that $1trillion will be forthcoming from merchandise exports and another $1 trillion from services.
 
He said that post pandemic, space in the Special Economic Zone (SEZ) was lying vacant with work from home in vogue, so the Centre was working on reforms in the SEZ policy to carry on the movement of goods between domestic tariff area (DTA) and SEZ space smoothly without affecting the competitiveness of goods in export markets.
He added that reforms in the SEZ are in the offing and there is demarcation of SEZs into SEZ and DTA spaces. 'We need to integrate with the global value chain for our advantage,' he said. Barthwal feels India should concentrate on the production of value-added products like processed food and marine products, instead of exporting them raw.
'The new FTP aims at widening our participation in those value chains and improving our manufacturing competitiveness,' he said.
 
4 SEZs to come up off YXP near Agra
YEIDA plans to establish SEZs near Agra, anticipating economic development from Noida International Airport. SEZs will have green spaces, non-polluting industries, and a focus on tourism. YEIDA also approves aviation hub and semiconductor park, allocates land, and revises dues of developers.
Microsoft hits $3 trillion market value
Microsoft's stock market value crosses $3 trillion milestone for the first time, vying with Apple for the top spot on Wall Street. Microsoft shares hit a record high of $404.72, briefly breaching the $3 trillion market capitalization. As megacap US technology-related companies begin reporting results, Wall Street's run-up to record highs will be put to the test.
India can aspire to be $7 trillion economy by 2030: Review
The Indian economy is projected to achieve a 7% growth rate in fiscal year 2025, marking the fourth year of post-pandemic growth. The economy has been driven by resilient domestic demand, and India can aspire to become a $7 trillion economy by 2030.
    
timesofindia.indiatimes.com

Archive
 

Trade Leads

Directory's

APEDA Agri Exchange

News & Analysis

Contact

  • Agricultural and Processed Food Products Export Development Authority (APEDA)
    (Ministry of Commerce & Industry, Govt. of India)

  • NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
    Phone : 91-11-41486013, 20863919, 20867008, 20867007