Export Sector in India The export sector of Indian economy made comprehensive progress over the last decade. The exponential growth of the export sector of Indian economy can be attributed to the liberal Government of India economic policy. Indian exports have an ambitious target of US 160 billion in 2007-08. The achievement came to the Indian exports in the last fiscal despite the odds against the exports‚ minimizing the gains. In the first two months of 2007-08 exports grew by 20.3%‚ which was
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Text i les Excise duty on readymade Garments fur ther reduced: Excise duty of 10% is appl icable to branded ready-made garments wi th abatement of 55% f rom the Retai l Sale Pr ice. Along wi th increase in duty to 12%‚ FM proposes to enhance the abatement to 70%. As resul t ‚ the incidence of duty as a percentage of the Retai l Sale Pr ice would come down f rom 4.5% to 3.6%. In terms of impact ‚ there would be marginal benef i t to text i le companies in the higher
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exclusively related with the export trend of Bangladesh‚ so it will be ideal to know something about the definition of export. Export is one of the most preferable and conventional way to perform international business. In simplest word‚ export is traditional buying and selling across the border of the country. In economics‚ an export is any good or commodity‚ transported from one country to another country in a legitimate fashion‚ typically for use in trade. Export is an important part of international
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Developing Countries: A developing country‚ also called a less-developed country (LDC)‚ is a nation with a low living standard‚ undeveloped industrial base‚ and low Human Development Index (HDI) relative to other countries. Developing countries have low levels of living and productivity‚ high population growth‚ underdeveloped industry and a reliance on agriculture and exports for economic sustainability. World Trade Organization (WTO) and Developing Countries: Over three quarters of WTO members
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To what extend was Fidel Castros maintaining in power a result of his economic policies? Fidel Castro was one of the longest ruling leaders in South America. This essay discusses the question if his maintaining in power was caused by his economic policies‚ namely his agriculture reforms‚ his reforms towards the ideals of the revolution and communism‚ the year of the ten million and the fight against the influence of foreigners‚ or by his social reforms‚ the influence of the foreign powers of the
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1 Export Prospects of Agarbattis from India “A garbattis” also known as “Incense Sticks” are made from aromatic plants and essential oils extracted from plants or animal sources. When lightened‚ they release fragrant smoke which is used in religious activities‚ prayers‚ therapeutic and aesthetic purposes. These have been used since times immemorial as an integral part of Hindu deity worship In India. There are about 10‚000 agarbatti manufacturing units in the country including tiny
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Export Procedure & Formalities Export Trends Motivational Package Offered by Govt. to the Exporter Export Procedure & Formalities Export Procedure‚ Issuance and Disposal of EXP Form‚ Negotiation of Export Bill‚ Collection of Export Bill‚ Handling of Discrepant Documents under Documentary Credit‚ Dispute Settlement‚ Exchange Rate used in Negotiation
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The main objectives of export trade are as follows: (i) To sell surplus goods: A country may produce a commodity in such quantities that are more than its needs. The country can sell its surplus output to foreign countries. In this way export trade is undertaken to make fruitful use of surplus goods. (ii) To make better utilisation of resources: Export trade widens the market for goods. A country can make better utilisation of its resources by producing goods on a large scale both for domestic
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Pantig Import-Export Imbalance in the Philippines This is a problem long time ago the imbalance of import-export products due to the industrialized neighboring countries‚ Philippine has nothing to do to compete them because of their low cost labors and raw materials. Agricultural products and aqua cultured products are the possible advantages of Philippine in terms export because of the country’s vast water premises. also human resource for foreign employment. Import-Export Imbalance: Among
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the world with an annual production of about 800 Million Kgs. Of the different types grown‚ flue-cured tobacco‚ country tobacco‚ burley‚ bidi‚ rustica and chewing tobacco are considered important. India stands 3rd in production of tobacco and in exports‚ Brazil and USA are ahead of India. Tobacco and tobacco products earn approx Rs.20‚000 Cr. to the national exchequer by way of excise duty‚ and approx.Rs.5000 Cr. by way of foreign exchange every year. Introduced by the Portuguese in the 17th century
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