While the margin profile may vary widely across players operating in different segments, CRISIL said the average operating margin may continue to moderate to 33-35 per cent in the next fiscal driven mainly by the correction in charter rates.
Shipping companies revenue may decline by 5-7% in next fiscal: CRISIL
Moreover, overall exports face a shortfall of about $4-5 billion this year after India curbed exports of wheat, rice and sugar amid rising prices though the growth in exports of other farm commodities will offset the export deficit.
India’s exports are displaying increased resilience to shifts in global demand and relative prices, according to the Chief Economic Adviser’s office. In a collection of essays released, it highlighted a growing trend in the export of high-value goods and a rise in participation in the manufacturing global value chain (GVC).
India might face a $4 to $5 billion drop in exports due to restrictions on wheat, rice, and sugar trade, aiming to control local prices. Attacks in the Red Sea might affect basmati rice shipments. To cope, India could use an African route, but ongoing attacks might raise rice prices by 15% to 20%
The Apparel Export Promotion Council (AEPC) has announced that a free trade agreement with Oman, known as the Comprehensive Economic Partnership Agreement (CEPA), will boost apparel exports in the Gulf nation. The agreement, which is currently being negotiated, is expected to significantly boost bilateral trade between the two countries.
As per the share purchase agreement concluded Wednesday Mahindra Logistics will transfer 39.79% stake in TLPL to Amarnath Kalale, a promoter in the company, for a consideration of Rs 1,32,176.
India has requested G7 countries to postpone the ban on Russian diamonds, citing unclear rules on tracing gem origins. As home to 90% of the world’s diamond cutting and polishing industry, India’s cooperation is crucial. G7 announced a ban on Russian diamonds starting January 1, with phased-in restrictions on indirect imports from around March 1
India, New Zealand discuss measures to cut trade barriers, promote investor-friendly environment
2 years ago
Commerce and Industry Minister Piyush Goyal and his counterpart from New Zealand Todd McClay recognised the importance of trade facilitation and discussed measures to streamline trade processes, reduce trade barriers, and promote a more conducive environment for businesses and investors from both nations, the commerce ministry said.
Exporters are confident that exports will increase even if freight costs go up, thanks to high demand for Indian grapes in Europe amid diminishing supplies from South America.
Reliance on Bab-el-Mandeb Strait may hit eco; India needs alternate sea trade routes: GTRI
2 years ago
India needs to work on finding alternate trade routes in the sea as heavy reliance on the Bab-el-Mandeb Strait, a key route crossing Red Sea, could impact the country’s trade with the Middle East, Africa, and Europe, economic think tank GTRI said on Tuesday. Developing alternative routes such as the deep water port in Chabahar, […]