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Imposition of curbs by states could affect exports: EEPC

Imposition of curbs by states could affect exports: EEPC SECTIONS Last Updated: Apr 25, 2021, 01:14 PM IST Share Synopsis In order to contain the virus spread, many states have imposed restrictions. This could affect exports and the worst impacted would be MSMEs (micro, small and medium enterprises). Agencies Similarly, exports to China, India s second largest export destination, jumped to USD 553.06 million in March. The UAE retained its third position of largest export destination. Engineering exporters body EEPC on Sunday said imposition of restrictions by states to contain rising coronavirus cases could affect the exports and the worst impacted would be MSMEs. The Engineering Export Promotion Council (EEPC) said while recovery in the last few months of the fiscal year offers a ray of hope for the sector, the rising number of COVID-19 cases poses a downward risk.

EU pips US to emerge top export destination for Indian engineering goods

EU pips US to emerge top export destination for Indian engineering goods SECTIONS Last Updated: Apr 26, 2021, 05:50 PM IST Share Synopsis Though the overall exports to both these regions saw a marginal decline during the last fiscal, the European Union accounted for 19% and the North American region 18% of India’s total engineering exports. AP Exports to 21 out of 25 top markets including the US, China, Singapore and Germany saw shipments from India rising during the last fiscal, show the data compiled by EEPC India. European Union with $13.52 billion of engineering exports from India has pipped the North American market with $13.19 billion of exports to emerge as India’s top export destination during fiscal to March 2021, said Engineering Export Promotion Council (EEPC) India.

Daily Market Commentary - April 26, 2021 - Bonanza Portfolio

Daily Market Commentary - April 26, 2021 - Bonanza Portfolio
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