Introduction  In India, the majority of income comes from the agricultural sector. The nation ranks among the top producers of food items and agricultural goods worldwide. The growth rate of India’s agriculture sector  predicted to be 3.5% in 2022–2023 and 3.0% in 2021–2022. In agriculture and related industries, the gross value added (GVA) increased by […]

In the realm of international trade, India showcases a diverse range of goods steeped in cultural and geographical significance. From handcrafted textiles to aromatic spices, the nation offers a rich tapestry of products that have garnered global acclaim.  In today’s competitive market, authenticity and origin hold the utmost importance. Geographical Indications (GI) tags have emerged […]

Makhana, known as fox nuts or lotus seeds, has emerged as a nutritional powerhouse and a significant export commodity from India. Its journey from a traditional snack to a global phenomenon showcases both its nutritional richness and economic potential. India accounts for more than 90% of global Makhana exports. In this blog we will talk […]

The Agricultural and Processed Food Products Export Development Authority is responsible for 51% of India’s agricultural exports, valued at USD 53.1 billion.  India’s agricultural exports have been greatly accelerated by APEDA, which has also improved the country’s economic growth and competitiveness in international trade.  India has become a prominent global supplier of processed food items […]

For decades, the US dollar, euro, and yen have reigned supreme as the preferred currencies for settling cross-border transactions. However, amidst the shifting tides of economic power and geopolitical dynamics, developing countries like India have looked for alternate means of trade and  payment settlements.  Last year, the Government of India granted permission for the settlement […]

In recent times, exports in the agriculture sector in India have shown remarkable growth. Exporting agricultural products is a big opportunity, but you should know important things before shipping the products. The shipping of agricultural products needs detailed planning and strategic approach. In this blog, we’ll explore the top things to keep in mind before […]

In the evolving world of global agriculture, farmers, traders, and stakeholders need to remain updated with market trends. As we step into 2024, the world of agricultural commodities is about to undergo major changes.  The projection for the next ten years is a 1.2% annual growth in global demand for agricultural commodities (including non-food applications). […]

Understanding the process of claiming GST refunds on exports is crucial for every export-import business.  Exports fall under ‘Zero-rated supplies’ in GST, enabling exporters to seek refunds for paid taxes, including IGST and any applicable cess. The GST portal simplifies the refund process for exporters dealing with large transaction volumes, making it more efficient and […]

Gulfood 2024: The biggest gathering of the food and beverage industry takes place from February 19th to 23rd at the Dubai World Trade Centre. Gulfood 2024 is massive, with 5500+ exhibitors from 127 countries presenting their newest products and setting new trends. This is the place to be for global food & beverage sourcing.   […]

Businesses engaged in international trade frequently encounter issues with cash flow and liquidity due to extended settlement times for invoices from importers to exporters. This is where Export factoring comes in  In this blog we will talk about what is export factoring, how export financing works, types of export factoring, export financing advantages and so […]

India dominates the global turmeric market, contributing to over 80% of the world’s production. India is called the land of spices owing to its rich history, diverse geography, and extensive cultivation of a wide range of aromatic spices.Turmeric is one of them. It is a golden-hued spice derived from the Curcuma longa plant and has […]

India’s agriculture sector is more integrated with the world than ever, and there’s been a substantial increase in the volume of trade happening over the years. India achieved this by gradually removing obstacles to trade, making deals with multiple countries, and having policies at home that encourage farmers to produce agri-commodities for export. Also, incentives […]

Pulses, often dubbed the “poor man’s meat” for their rich protein content, hold a prominent place in India’s agriculture. India stands as the leading global producer, importer, and consumer of pulses, making up around 25% of the world’s production, 15% of the international trade, and 27% of the global consumption of these nutritional crops. In […]

Exporting goods and services is a vital component of any country’s economic growth. In India, the government has been actively promoting exports through various initiatives, but one crucial aspect that often goes overlooked is export finance. Export finance is the lifeblood of international trade, providing businesses with the necessary capital to expand their markets and […]

Exporting goods from India can be a great business opportunity that lets you reach customers around the world. But it’s important to do things carefully, especially when it comes to the export documentation process. Make sure all your documents required for export of goods are correct and complete. This helps things go smoothly and makes […]

Cropping seasons in India are periods when specific crops are grown. India is geographically a vast country with varied temperature and rainfall conditions.2/3rd of India’s population dependent on agriculture for their livelihood. It has various food and non-food crops cultivated in 3 main cropping seasons– rabi, kharif, and zaid–which define the cropping season in India. […]

India is the world’s second-largest producer of rice, and the largest exporter of rice in the world. According to preliminary estimates, India’s rice export during FY23 summed up to $11.14 billion, encompassing both basmati rice export ($5 billion) and non-basmati rice export ($6.14 billion). India’s recent ban on non-basmati rice export  has sent waves worldwide, […]

In India, pulses are so central to the diet that it’s difficult to envision a dinner (especially for vegetarians) without them. Indian cuisine relies heavily on pulses, which are used in snacks, curries and even some sweet dishes. Different types of pulses are used in a wide variety of cuisines, from the Middle Eastern dip […]

It is a known fact that India is the world’s second-largest producer of rice, and the largest exporter of rice in the world. According to preliminary estimates, India shipped $11.14 billion in rice during FY23, including basmati ($5 billion) and non-basmati ($6.14 billion). The demand usually comes from Asian, African and European countries. With each […]

Dry red chili is used as a seasoning all over the world. The best, most perfectly dried red chili can give any food a unique flavor and taste, especially when it’s used to “temper.” We can get this type of spice at the market. But the quality isn’t always up to what we expect. This […]

Did you know India is the world’s largest producer of chillies?  Indeed, it is!  It has a roughly 37 share of the global market. India is not only the largest producer but also the largest consumer of chillies. It is one of the most popular spices used in Indian cuisine and households! Apart from being […]

As an importer or exporter of agro commodities, protecting your valuable shipments during transportation is of utmost importance. This is where cargo insurance plays a vital role. Many different types of cargo insurance coverage are available to protect a wide range of business objectives. When goods or cargo are in transit, they are vulnerable to […]

Rice is a staple food. More than half of the world’s population relies on rice as a primary source of nutrition due to its long history of cultivation and widespread use. Rice is one of the most widely consumed regular meals and is a cereal grain that is widely grown. With its roots in Asia, […]

Rice, a globally eaten staple food, is available in a variety of varieties that are cherished and appreciated in various cultures. Basmati rice and non-basmati rice differ significantly in terms of flavors, textures, and fragrances. Long, medium, or short grains determine whether rice is classified as long, medium, or short. In addition, rice can have […]

For smaller companies and individuals shipping items in lesser quantities, international shipping can be a daunting undertaking. Where LCL shipping comes in is at this point. Less than Container Load (LCL) shipping is a common option since it allows individuals and companies to send less than a full container’s worth of products at a more […]

International trade has been an important part of the world economy for a long time. International trade has become more pervasive and intricate as a result of globalization’s ascent. The use of Incoterms is a crucial part of international trade. International Commercial Terms (Incoterms) is an agreed upon set of procedures for conducting business across […]

Agriculture is the pillar of the Indian economy, employing more than fifty percent of the population and contributing approximately eighteen percent to the country’s gross domestic product. India is among the world’s greatest producers of numerous agricultural goods.  Although being a big producer, India has a very small proportion of the global agriculture trade market. […]

The global economy relies on international trade, which is affected by a broad spectrum of events. A worldwide recession in 2023 is one such issue that can lead to global trade slowdown and significantly impact international trade. A global economic recession is a period in which the majority of countries experience a severe fall in […]

Millets are a group of small-seeded grasses grown by humans for thousands of years. In recent years, there has been a renewed interest in millet due to its health benefits and sustainability, and India has been at the forefront of this movement. India has a long history of cultivating and consuming millets, dating back to […]

The year 2022 has been one of the most challenging years for Global Trade. The Russia-Ukraine conflict and the spike in Covid cases in China, trade across geographies has effected a huge slowdown on the world economy. Apart from these, rising interest rates and a bump in the inflation in major economies across the globe […]

With the world’s largest population, India plays a vital role in global trade. With over 1.4 billion people, there is a lot of potential for businesses to explore new markets and tap into new consumer bases.  In 2023, businesses in India are expected to see several trends that could affect how you do business. From […]

The Indian economy plays a significant role in the global economy, exporting textiles, pharmaceuticals, engineering goods, and services. In the past, India has also benefited from its strong manufacturing sector and skilled workforce, which has enabled the country to become an attractive destination for foreign investment and export-oriented production. In the future, India will continue […]

India’s strategic location near highly populated trading partners like China, Pakistan, and Bangladesh make an ideal scenario for the country to export goods and services. In this read, we will cover the top 11 exports from India by value and the biggest importers the country trades with. The latest statistics for 2021 show that importers […]

When it comes to running a successful business, it is always easier to trade on your home turf. However, we cannot neglect how technology has made the world smaller. It has made it easier for businesses of all sizes to profit from the many advantages of international trade. Going global can enhance your business and […]

Export business has one of the most influential impact ever since the pandemic occurred. The exports from India have decreased significantly in the market as most products are import-dependent. Sectors are diversifying themselves to cope with the changes Covid-19 has brought it.  India’s annual goods exports crossed the $400 billion mark for the first time […]

Trade and payments are vital to the growth of an economy. This facilitates the exchange of goods and services between different sectors and helps in balance of payments. Economic globalization and global trade have brought new expenses and increased competition. Many challenges confront companies involved in export business, including currency fluctuations, tariffs and regulations, and […]

ChatGPT has been in the headlines lately on real world applications of AI and how it can be used to further automate and optimize overall processes. The use of artificial intelligence (AI) has the potential to cut trade costs, increase efficiency, and stimulate new ideas among businesses. The economic and social effects of AI are […]