 "India slashes rice export duties to boost shipments, as bumper harvests promise lower prices and renewed access to global markets.")
India has reduced the export duty on parboiled rice from 20% to 10% due to rising inventories and an upcoming harvest. This change will make Indian rice more competitive globally, potentially driving prices down in countries like Thailand and Vietnam. The export duty for brown rice and husked rice has also been cut to 10%, ...
On September 25, 2024, Prime Minister Narendra Modi celebrated the 10th anniversary of the ‘Make in India’ initiative, highlighting its positive impact on exports, capacity building, and economic growth. He praised the collective efforts of 1.4 billion Indians in making the country a manufacturing and innovation hub. In a post on X, he acknowledged the ...
 "RBI Governor Shaktikanta Das stabilizes the rupee, amasses 0 billion in reserves, balancing export growth and economic stability amid global pressures.")
Shaktikanta Das, the Governor of the Reserve Bank of India, has skillfully balanced the rupee’s stability while supporting Prime Minister Modi’s export goals. India’s foreign exchange reserves have reached nearly $700 billion, echoing China’s past strategies. This approach has made the rupee less volatile, even as it hit record lows close to 84 per dollar. ...
Ford Motor Company is making a comeback in India, two years after halting operations. The American automaker has signed a letter of intent with the Tamil Nadu government to resume production at its Chennai plant, focusing on exporting vehicles to global markets rather than local sales. This strategic shift comes after years of struggling to ...
 "India scrapped minimum export prices on key commodities, aiming to boost farmer incomes and curb inflation before crucial elections.")
The Indian government recently made significant changes to its export policies to stabilize farm prices and manage inflation ahead of upcoming state elections in Haryana, Jharkhand, Jammu & Kashmir, and Maharashtra. Notably, the minimum export price on onions was eliminated, dropping from $550 per tonne. Additionally, the export duty on onions was reduced from 40% ...
 "Government raises customs duties on edible oils to boost farmer incomes, while also slashing onion export duties for increased trade.")
The Indian government has announced an increase in customs duties on crude palm and refined sunflower oil, raising them to 20% and 32.5%, respectively. This move is expected to significantly benefit farmers, especially those in key producing states like Maharashtra and Madhya Pradesh, as it will help raise their income. Additionally, the government removed the ...
 "Vedanta targets EV market growth in Asia by ramping up nickel production, crucial for India’s trillion export goal by 2030.")
Vedanta, a prominent Indian conglomerate, is set to boost its nickel and nickel sulphate production to meet the growing demand for electric vehicle (EV) battery materials in Northeast Asia. The company recently announced plans to enhance its capacity, emphasizing the role of nickel sulphate in battery manufacturing. While India’s EV Market is still developing, Vedanta ...
 "Maruti Suzuki Faces Sales Dip Amid Export Surge: A Dramatic Shift")
Maruti Suzuki India reported a 4% decline in total sales for August 2024, with 181,782 units sold compared to 189,082 units in August 2023. Domestic passenger vehicle wholesales fell by 8%, totaling 143,075 units last month. The mini segment, including Alto and S-Presso, saw a decrease in sales to 10,648 units, while compact cars, such ...
