March 2023 services exports at USD 30.48 bn, imports at USD 16.27 bn – RBI releases data

March 2023 services exports data: Despite global headwinds, India’s goods and services exports showed significant growth. The country’s services exports rose 13.1 per cent on year to USD 30.48 billion (Rs 30,478 crore) in March while imports recorded a growth of 6 per cent to USD 16.27 billion (Rs 16,272 crore), a provisional data published by the Reserve Bank of India on Tuesday showed.As per the government’s preliminary estimates released in mid-April, the country’s services exports in March were $27.75 Read Full Details…

Ceramic and Tiles Largest Demanding Market in 2023

Ceramic and Tiles Largest Demanding Market in 2023

As we move towards 2023, the global construction industry is expected to continue growing and with it, the demand for ceramic and tile products is also predicted to rise. The use of ceramic and tiles in construction projects has been on the rise for several years now, and it is expected to become the largest demanding market in the construction industry by 2023. The global ceramic and tile market is predicted to grow at a compound annual growth rate (CAGR) Read Full Details…

Medicinal and Aromatic Plants Exporting Procedure

Medicinal and Aromatic Plants Exporting Procedure

Medicinal and Aromatic Plants (MAPs) have been an important part of India’s cultural, economic, and social life for centuries. India is known for its rich diversity of MAPs, with over 7,000 species of plants used in traditional medicine systems like Ayurveda, Unani, and Siddha. The demand for MAPs is growing worldwide due to their therapeutic properties, and India is well-positioned to capitalize on this demand. The exporting procedure for MAPs in India as : Exporting MAPs from India requires compliance Read Full Details…

Top Exim HS Code of India Exporting Products 2023

India is one of the largest exporters of goods in the world, and its export industry plays a crucial role in the country’s economy. The export industry in India is highly diversified, with a wide range of products being exported to countries all over the world. Firstly, let’s understand what an HS code is The Harmonized System (HS) is an international classification system that is used to classify goods traded globally. It is a six-digit code that is used to Read Full Details…

Tips and Guidelines about Exports through Courier from India Under New Foreign Trade Policy 2023

Tips and Guidelines about Exports through Courier from India Under New Foreign Trade Policy 2023 India’s Foreign Trade Policy 2023 has brought several significant changes in the way exports are conducted from the country. One of the most important changes is the introduction of a new chapter for exports through couriers, which simplifies the process for small and medium-sized businesses. exports. Exports through couriers offer a convenient and simplified mode for small and medium-sized businesses to conduct their exports. However, Read Full Details…

Attention New Export and Importer about ODEX Filling

If you’re new to exporting or importing goods, there are many rules and regulations that you need to be aware of. One such regulation is the ODEX filing requirement. An overview of what ODEX filling is and why it’s important for both exporters and importers. What is ODEX Filling? ODEX filling is short for “Online Data Entry and Exit System Filling”. It is a mandatory electronic filing system used by the Indian Customs authorities to track and monitor the movement Read Full Details…

Worldwide Demand for Green Technology Products

With the growing concern for climate change and the need to reduce carbon emissions, the demand for green technology products has been on the rise. Green technology products refer to goods and services that have a reduced impact on the environment compared to traditional products. This can include everything from solar panels and wind turbines to electric vehicles and green buildings. The worldwide demand for green technology products has been increasing rapidly in recent years. According to a report by Read Full Details…

Know about the Amnesty Scheme Benefits to Indian Exporters under EPCG

The Indian government has recently announced an amnesty scheme for exporters, aimed at reducing litigation and encouraging exports. The scheme called the Export Promotion Capital Goods (EPCG) Scheme Amnesty, provides several benefits to Indian exporters. What is the EPCG Scheme Amnesty? The Export Promotion Capital Goods (EPCG) Scheme is a government initiative that allows Indian exporters to import capital goods for use in their manufacturing processes at zero or concessional customs duty rates. The scheme was launched to boost exports Read Full Details…

How Global People can learn Digital Export Import Business at Door Step?

With the growth of the internet and digital technology, the world has become more connected than ever before. This has opened up many opportunities for businesses to expand their reach beyond their local borders and tap into global markets. However, for many people, especially those living in remote or underdeveloped areas, learning about digital export-import business can be challenging. Learning about digital export-import business is essential for businesses looking to expand into global markets. By taking advantage of the resources Read Full Details…