Latest from import
The list of 351 items that face import curbs from December 2022 is the third such list issued by the defence ministry in 16 months as part of efforts to make India a hub for developing and manufacturing military hardware.
Exports in May last year stood at USD 19 billion, and in May 2019 it was at USD 29.85 billion, the data showed.
- The states are demanding the extension of the GST compensation period beyond June 2022 and compensation of the GST shortfall of states through a central grant instead of debt financing.
ByGireesh Chandra Prasad, Hindustan Times, New Delhi
Aside from the exports, the trade deficit for January 2021 was estimated at USD 14.54 billion.
The improvement was mainly due to the increase in shipments of certain sectors such as gems and jewellery, engineering and chemicals.