Sunday, May 12 2024 | Time 08:21 Hrs(IST)
image
Business EconomyPosted at: Nov 3 2020 7:15PM


Second wave of coronavirus in Europe creates new hurdles for Indian exports: EEPC India on drop in exports

Kolkata, Nov 3 (UNI) With the Covid-19 pandemic persisting with a second wave in major European economies, the negative impact on global trade was inevitable and exports from India too suffered a setback in October, said EEPC India official Mahesh Desai
'' The preliminary data for October shows a decline of 5.4 per cent in merchandise exports. We hope it does not form a trend line in the midst of a serious second wave of coronavirus in several countries of Europe, including the UK, Germany and France.
With several of these economies being subjected to yet another lockdown, we may see stormy headwinds to global trade, " said Mr Desai.
He said the April-October exports have already shown a drop of over 19 per cent, making it necessary for the government and exporters to work together to face the difficult situation.

UNI PC AND
Please log in to get detailed story.
Tags: #Second wave of coronavirus in Europe creates new hurdles for Indian exports: EEPC India on drop in exports
More News

Kottayam-Kochi Rubber Market Rates

11 May 2024 | 9:04 PM

Kottayam, May 11 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal
KOTTAYAM
RSS FOUR: 18050
RSS FIVE : 17800
KOCHI
RSS FOUR : 18050
RSS FIVE : 17800
UNI PA GNK.

see more..
Flipkart and Bajaj Auto team up to drive sustainable deliveries with Green Machines

Flipkart and Bajaj Auto team up to drive sustainable deliveries with Green Machines

11 May 2024 | 3:16 PM

Kolkata, May 11 (UNI) Bajaj Auto Ltd, the world's most valuable two-wheeler and three-wheeler company, and Flipkart, one of India's leading e-commerce marketplaces, on Saturday announced a strategic partnership to accelerate the adoption of electric vehicles (EVs) in the latter's last-mile delivery operations.

see more..

11 May 2024 | 2:52 PM

Mumbai, May 11 (UNI) Union Bank of India (UBI) reported a 19 percent year-on-year increase in the fourth quarter standalone net profit at ₹3,310.55 crore, supported by growth in net interest income (NII) and a sharp decline in loan loss provisions.

see more..

India's factory output grows 4 9 pc YoY in March 2024: Govt data

10 May 2024 | 8:24 PM

New Delhi, May 10 (UNI) India's factory output measured in terms of Index of Industrial Production (IIP) grew 4.9% year-on-year (YoY) in the month of March 2024, data from Ministry of Statistics & Programme Implementation (MoSPI) showed on Friday.

see more..

Kottayam-Kochi Rubber Market Rates

10 May 2024 | 7:43 PM

Kottayam, May 10 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal
KOTTAYAM
RSS FOUR: 18050
RSS FIVE : 17800
ISNR TWENTY: 15300
SIXTY PERCENT LATEX: 13210
KOCHI
RSS FOUR : 18050
RSS FIVE : 17800
INTERNATIONAL RATES (BANGKOK)
RSS One : Not Available
RSS Two : Not Available
RSS Three: Not Available
RSS Four : Not Available
RSS Five : Not Available
KUALALUMPUR
SMR TWENTY :13752($164.70)
SIXTY PERCENT LATEX : 12999($155.70)
UNIPA GNK.

see more..
image