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By 2030, $2 trillion in exports, payments in rupee; India’s ‘dynamic’ foreign trade policy explained

The Indian government released the Foreign Trade Policy (FTP) 2023 last week. The policy aims to increase India's merchandise and services exports to USD 2 trillion by 2030. The new foreign-based policy proposes to shift from an incentives-based regime to a remission and entitlement-based one to achieve the ambitious target.

3 Apr 2023
Politics

National Industrial Policy on value chain awaiting cabinet approval: Prabhu

'Manufacturing cannot happen end to end only in one geography, and it has to be part of a global value chain and global supply chain,' Prabhu said

1 min read13 Jan 2019
Companies

Jiggy George: Licence to dream

The founder of Dream Theatre, India's first independent licensing representation agency, talks to 'Mint' about the merchandising business, his inability to read music and his 'Jerry Maguire' moment

7 min read19 Oct 2018
Politics

Commerce ministry working on new WTO-compliant export incentive scheme

The new WTO-compliant export incentive scheme will replace the existing Merchandise Exports from India Scheme

1 min read17 Oct 2018
Companies

Mickey Mouse turns 90, and Walt Disney is happy

Brands such as ONLY, Vero Moda and Jack & Jones, Volkswagen and DLF Brands will bring out special collections until 18 November, Mickey Mouse's birthday

3 min read18 Oct 2018
Politics

WTO downgrades global trade growth forecast

Merchandise trade expected to decline to 3.9% in 2018 due to trade tensions: WTO

2 min read27 Sep 2018
Politics

Auto, drug firms corner export incentives

In 2017-18, the ministry disbursed about ₹31,000 crore to exporters under the export incentive scheme MEIS, while it was over ₹23,000 crore in the previous fiscal year

1 min read3 Sep 2018
Sports

As World Cup hits fever pitch in India, brands see merchandise sales spike

Puma India witnessed a 37% increase in sales over last month in football merchandise whereas Shopclues claims to sell 4,000 footballs and about 300 to 350 fan jerseys everyday

2 min read27 Jun 2018
Politics

India’s trade deficit widens to $13.7 billion in April

Goods imports last month were $39.6 billion, a gain of 4.6% from a year ago, data from the commerce and industry ministry showed

1 min read15 May 2018
News

Global merchandise trade growth to slow to 4.4%: WTO

Growth in global trade is expected to moderate to 4% 2019, which is 'below the average rate of 4.8% since 1990 but still firmly above the post-crisis, says WTO

2 min read13 Apr 2018
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