China is an important trading partner for India with imports of $65 billion and exports of $15 billion in the period April 2018 to February 2019, recording an all-time high in exports and sharp decline in imports from China.
The exports sector performed well even when global growth is crumbling, said exporters association FIEO on Monday.
India’s textiles and apparels exports for the fiscal 2019 just grew 1.66% to $35.969 billion as compared to $35.381 billion in the previous fiscal, mainly due to a sharp drop in the shipment of apparels.
In the 2nd meeting of the 15th Finance Commission with it, the NITI Aayog recently put forth suggestions for the 15th Finance Commission and made a case for award of Performance Based Grants for States /Sectors.
Shipments hit on 7% cut in incentives
Mumbai: The Indian rupee Tuesday lost another 18 paise to close at 69.60 against the US dollar, marking its third straight session of decline owing to sustained demand for the greenback from importers and rising global crude oil prices.