According to the stats and prior experience, it is difficult to boost exports with a weaker currency. One US dollar has been worth more than 80 Indian rupees for over a month. The value of the rupee has more than halved since early 2008. Would a depreciation of the rupee boost exports and bolster India's economic development during the impending global slowdown? #rupee #currency #economicdevelopment #globalinflation #economy #finance #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze
9 Jan 2023It is unclear whether the sales broke any trade rules, but the China Iron and Steel Association said in a statement it was monitoring them
2 min read28 Aug 2020Non-integrated mills in China and southeast Asia that depend on Chinese crude steel are now turning to importsThe focus on exports come even as India's steel production has declined
3 min read12 May 2020India still remained a net exporter during April-Feb with shipments at 7.78 million tonnes, data showedIndia's local steel consumption in February also took a hit and fell to its lowest in four months
1 min read17 Mar 2020In comparison to 2017-18 (9.62 million tonnes), India's total steel export has declined by 34% in 2018-19 and stood at 6.36 million tonnesGovernment has taken appropriate measures such as anti-dumping and countervailing duties in order to protect the domestic industry
1 min read15 Jul 2019India exported 319,000 tonnes of finished steel in May, down 28% from the same month last year and the lowest level since April 2016Steel exports to the EU dropped 55% in May, led by fewer shipments to Italy, Belgium and Spain, which together made up 80% of India's overall exports to the region
1 min read26 Jun 2019If the government imposes higher duties on steel, it will be good news for domestic companies as they will get headroom to increase prices
2 min read20 Sep 2018Steel minister Chaudhary Birender Singh says there would not be any immediate impact on domestic steel exports as India sends a marginal amount of its shipments to the US
1 min read14 Sep 2018India has said steel, aluminium exports worth $1.2 billion to the US were impacted after the tariff hike in March
1 min read10 Sep 2018Fears of a slowdown in the Chinese economy and the impact of the ongoing US-China trade war have made investors edgy
2 min read4 Sep 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared