Exports in March 2019 were $32.55 billion, as compared to $29.32 billion in March 2018.
India will keep its sugar export subsidies despite complaints to the World Trade Organization (WTO) from rival producers Brazil and Australia, though it will tweak how it provides them, four sources directly involved in the matter said.
India’s merchandise exports in June declined 9.71 per cent, on a year-on-year basis, to $25.01 billion from $27.70 billion reported for the corresponding month of last year, official data showed.
Steep drops in auto sales for China and India over recent months are serving as a painful reminder that the world’s two most populous markets are not living up to the earlier heady expectations.
Investors are hopeful for Biden’s planned stimulus to aid in boosting the regional markets.
The blue-chip NSE Nifty 50 index rose 0.4% to 14,574 and the benchmark S&P BSE Sensex was up 0.3% at 49,544.75. The Nifty and Sensex rose 1.7% on Tuesday.
Speculations have been going on for weeks about his whereabouts after he disappeared from the public following an October speech criticizing China’s financial system.