Simplified Trade Finance
Showing signs of a balanced growth across all sectors, preliminary data released by the commerce ministry indicates that India’s exports nearly trebled in April to US S30.2 Bn in comparison to last year, same period.
Despite sailing in a covid-battered economy, India’s exports of organic food products like tea, pulses, sugar, spices, to name a few, increased by 51% Y-O-Y to $1Bn in 2020-21, the commerce ministry revealed on Tuesday.
Just when things were about to normalize, India has been struck with an upsurge in the covid-19 cases that is now likely to shake the country’s economic pulse.
India has been battered with a second wave of the coronavirus.
The government-appointed G.K. Pillai committee, which was formed to propose refund rates under Remission of Duties and Taxes on Exported Products (RoDTEP), gave its verdict earlier this week.