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india's apparel exports fall by 17% in q1 fy19 due to slowdown in demand




india’s apparel exports are estimated to have declined by 17 per cent in the first quarter of fy19 due to a slowdown in demand from developed countries following weak economic activity there. data compiled by the apex industry body, the clothing manufacturers’ association of india (cmai), showed...



india's apparel exports decline by nearly 4% in year of gst




in the first year of implementation of the goods and services tax (gst), india’s apparel or readymade garment (rmg) exports have declined by nearly four per cent in dollar terms in fy18. in rupee terms, the decline is higher at 7.6 per cent.rmg exports fell from $17.4 billion in fy17 to $16.71 bil...



india's apparel exports fall by 10.25% to rs 93 bn in february 2018




with india's apparel exports further declining by 10.25 per cent during the month of february 2018 against the corresponding month of february 2017, industry body apparel export promotion council (aepc) has raised concerns over the downward trend. as per the latest trade data released by aepc, india...



why the falling rupee failed to arrest a 7-month decline in apparel exports




despite rupee depreciating against the greenback by almost 6 per cent in recent months to trade around rs 68 per us dollar, india's apparel exports have not benefited from the trend, resulting in a 22.76 per cent fall for the month of april in dollar terms, sliding for the seventh consecutive month....



gst refund of over rs 200 billion pending with government, says fieo




despite exporters still waiting for a massive rs. 20,000 crore of tax refunds under the goods and services tax (gst) regime and labour intensive sectors showing contraction, the apex exporters body in the country has pegged india's exports at $ 350 billion in the current financial year up from last ...



indian textile and apparel exports fall 13% to rs 186 billion in january




export of textiles and apparel have been falling every months despite the government's efforts to give the segment a boost. data compiled by the confederation of indian textile industry (citi) showed textile and apparel export fell 13 per cent to rs 186 billion in january, against rs 215 billion in ...



aluminium exports surge 34% on higher output, fall in consumption




aluminium exports from india have recorded a sharp rise of 34.02 per cent year-on-year (y-o-y) during april-january, 2017-18 on expanding domestic production and fall in consumption at home. . exports of the metal rose from 0.97 million tonnes to 1.3 million tonnes in the period. the us government's...



indian software services growth to remain flat at 7-9% in fy19 too: nasscom




for the second year in a row, software industry lobby nasscom on tuesday projected a flat growth revenue scenario for the industry in fy19, clipping at 7-9 per cent over fy18. "we estimate a 7-9 per cent growth in it and it-enabled services for fy19. the domestic revenue may grow at slightly higher ...



rise in may exports expected; labour-intensive field may continue to suffer




india's exports in may - figures for which are set to be released later today - are expected to show growth based on global factors but may not be able to bring out labour-intensive sectors out of their current contraction. spurred by double-digit growth in shipment of engineering goods and pharma p...



india's apparel exports to set new record at $20 billion in fy17-18




dilip kumar jha  |  mumbai  june 27, 2017 last updated at 16:46 ist



india's apparel exports to set new record at $20 billion in fy17-18




dilip kumar jha  |  mumbai  june 28, 2017 last updated at 02:02 ist



hcl technologies falls 12% in two days on weak fy19 revenue guidance




shares of hcl technologies have dipped 7% to rs 924 per share on the bse in early morning trade, extending their 5% fall on wednesday as weak organic growth guidance raised concerns, according to analysts. for the current financial year 2018-19 (fy19) hcl tech has guided for constant currency (cc) r...



motoring troubles: auto exports lose speed




india’s car exports, which accounts for almost one-fifth of the industry’s sales volume, could see its first decline or flat performance in six years. exports have witnessed a fall of 4 per cent in the april-october period, pulled down by a double-digit decline in shipments of key exporters hyun...



growing demand, low refining capacity: india imports more, exports less oil




it is a puzzle how the country’s exports of refinery products have been falling in value terms in recent months, even as international crude prices have been soaring. deeper analysis, however, explains that a growing appetite for oil, that has overtaken the slow rise in refining capacity, is behin...



passenger vehicle exports likely to drop this year, first time since fy11




passenger vehicle (pv) exports are likely to witness a fall this financial year, for the first time since 2010-11, as leading exporters like hyundai motor india and nissan motor india have seen a significant drop in exports. so far, during this fiscal (april -february period), passenger vehicle expo...



april-dec buffalo meat exports up 7% on demand from vietnam, malaysia: govt




india's buffalo meat exports during april-december rose 7 percent from a year earlier to 1.07 tonnes due to good demand from vietnam and malaysia, a government body said on wednesday. the south asian country's non basmati rice exports during the period jumped 39.5 percent from a year ago to 6.34 mil...



exports fall for first time in five months in march as trade deficit widens




india's merchandise exports fell for the first time in five months in march and the trade deficit widened amid concerns over global trade and us moves to review a programme allowing duty-free imports of goods. the us trade representative's office said on thursday it launched reviews over concerns th...



10% drop in margin for seafood shippers this year on lower american demand




realisations in dollars from seafood export are expected to drop by a tenth in 2018-19, with a surge in production of vannamei shrimp from key producing nations and lower american demand. according to a report by crisil research, seafood export will grow 17-18 per cent this financial year, 500-700 b...



quarterly results analysis: apparel export gains over domestic sales




apparel exporters gained over others in the segment during the september quarter results, the second one (q2) of this financial year. for instance, kpr mill, kitex garments and gokaldas exports, for which external shipment are the bulk of business, has revenue or profit either improving or steady ov...



crackdown only against illegal slaughter houses in up: govt




the uttar pradesh government has cracked down only against illegal slaughter houses and the drop in export of buffalo meat last fiscal was due to global factors, commerce minister nirmala sitharaman said today.sitharaman also claimed in lok sabha that there was no negative impact on the export of an...



merchandise exports must grow 27% cagr to capture 5% world mkt: ex-advisor




a former senior economic advisor to the ministry of finance, who penned two chapters on services and exports in the economic survey for 2017-18, says india's share in world merchandise exports is still very small at 1.7 per cent and that outbound shipments should increase by a cagr of around 27 per ...



apparel export gains over domestic sales




apparel exporters gained over others in the segment during the september quarter results, the second one (q2) of this financial year. for instance, kpr mill, kitex garments and gokaldas exports, for which external shipment are the bulk of business, has revenue or profit either improving or steady ov...



cotton spinners pin hopes on demand uptick to improve margins




the cotton yarn industry is pinning its hopes on a fall in raw material (cotton) prices, after having had its margins squeezed in the past couple of quarters owing to dwindling yarn exports and excess spinning capacity. according to cotton yarn spinners, margins were hit when the price of cotton wen...



gems and jewellery exports down 7% in h1 of fy18 due to gst, gold policy




there has been a sharp decline in orders from japan and europe this year for india's gems and jewellery. data compiled by the gems and jewellery export promotion council (gjepc) says g&j net export declined 7.4 per cent to $16.8 billion in april-september, the first six months of this financial year...



nasscom expects revival in tech spends, demand uptick in us in fy19




press trust of india  |  new delhi  last updated at september 24, 2017 16:22 ist