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<\/span><\/figcaption><\/figure> New Delhi<\/a>: The commerce ministry has asked all ministries and departments, including telecom and agriculture, to identify products whose import<\/a>s can be substituted or reduced to cut India<\/a>'s high import bill, an official said.

The commerce ministry has held a series of meetings on the issue over the last several months and has asked all ministries to work on this, the official said.\n

Ministries of electronics, heavy industries<\/a> and public enterprises, fertiliser, information technology and pharmaceuticals, among others, have also been asked to identify products whose import can be cut.

India's imports have increased nine per cent to USD 507.5 billion in 2018-19 from USD 465.6 billion in 2017-18.\n

The country's top import commodities include crude oil, gold, electronic goods, pulses, fertilisers, machine tools, and pharmaceutical products.\n

High import bill pushes trade deficit which in turn impacts current account deficit. High imports also affect the country's foreign currency exchange rates.\n

Trade experts believe that promoting domestic manufacturing will help the country in cutting its high import bill.\n

\"Rather than restricting consumption, the government should promote domestic manufacturing to cut import bill,\" Rakesh Mohan Joshi, Professor at Indian Institute of Foreign Trade (IIFT), said.\n

He also suggested that import duties on luxury goods and non-essential items can be increased.\n

\"India should also be cautious in signing free trade agreements with those countries with which we have high trade deficit,\" Joshi added.\n

Last year in September, the government hiked import duty on 19 items including ACs, household refrigerators and washing machines, jet fuel to check the widening current account deficit.<\/body>","next_sibling":[{"msid":72005273,"title":"India smartphone makers ship a record 46.6 mn units in Q3: IDC","entity_type":"ARTICLE","link":"\/news\/india-smartphone-makers-ship-a-record-46-6-min-units-in-q3-idc\/72005273","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":72006427,"entity_type":"ARTICLE","title":"Identify products whose import can be reduced: Comm Min","synopsis":"\u200b\u200bThe commerce ministry has held a series of meetings on the issue over the last several months and has asked all ministries to work on this, the official said. ","titleseo":"telecomnews\/identify-products-whose-import-can-be-reduced-comm-min","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2019-11-11 15:50:32","lastupd":"2019-11-11 15:50:32","breadcrumbTags":["Import","New Delhi","industries","Industry","India","export"],"secinfo":{"seolocation":"telecomnews\/identify-products-whose-import-can-be-reduced-comm-min"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2019-11-11" data-index="article_1">

识别产品的导入可以减少:通讯分钟

商务部举行一系列会议在这个问题上在过去的几个月,并要求各部委工作,这位官员说。

  • 发布于2019年11月11日下午03:50坚持
新德里:商务部要求所有部门和部门,包括电信、农业、识别产品的进口可以代替或减少削减印度的高进口法案,一个官员说。

商务部举行一系列会议在这个问题上在过去的几个月,并要求各部委工作,这位官员说。

部门的电子、沉重行业和公共企业、化肥、信息技术和药物等,也被要求识别可以减少产品的进口。

印度的进口增加了百分之九到2018年的5075亿美元18 - 19从2017年的4656亿美元。

广告
中国最大的进口商品包括原油、黄金、电子商品、脉冲、化肥、机械工具和医药产品。

高进口额将贸易逆差进而影响经常账户赤字。高进口也会影响该国的外汇汇率。

贸易专家认为,促进国内制造业将帮助该国在削减其高进口法案。

”,而不是限制消费,政府应该促进国内制造业减少进口额,“莫乔希,印度对外贸易学院教授(IIFT)说。

他还认为,奢侈品进口关税可以增加和不必要的物品。

“印度也应该谨慎与这些国家签订自由贸易协定,我们有很高的贸易赤字,”乔希补充道。

去年9月,政府提高进口税等19项ACs,家用冰箱和洗衣机,喷气燃料检查不断扩大的经常账户赤字。
  • 发布于2019年11月11日下午03:50坚持
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\"\"
<\/span><\/figcaption><\/figure> New Delhi<\/a>: The commerce ministry has asked all ministries and departments, including telecom and agriculture, to identify products whose import<\/a>s can be substituted or reduced to cut India<\/a>'s high import bill, an official said.

The commerce ministry has held a series of meetings on the issue over the last several months and has asked all ministries to work on this, the official said.\n

Ministries of electronics, heavy industries<\/a> and public enterprises, fertiliser, information technology and pharmaceuticals, among others, have also been asked to identify products whose import can be cut.

India's imports have increased nine per cent to USD 507.5 billion in 2018-19 from USD 465.6 billion in 2017-18.\n

The country's top import commodities include crude oil, gold, electronic goods, pulses, fertilisers, machine tools, and pharmaceutical products.\n

High import bill pushes trade deficit which in turn impacts current account deficit. High imports also affect the country's foreign currency exchange rates.\n

Trade experts believe that promoting domestic manufacturing will help the country in cutting its high import bill.\n

\"Rather than restricting consumption, the government should promote domestic manufacturing to cut import bill,\" Rakesh Mohan Joshi, Professor at Indian Institute of Foreign Trade (IIFT), said.\n

He also suggested that import duties on luxury goods and non-essential items can be increased.\n

\"India should also be cautious in signing free trade agreements with those countries with which we have high trade deficit,\" Joshi added.\n

Last year in September, the government hiked import duty on 19 items including ACs, household refrigerators and washing machines, jet fuel to check the widening current account deficit.<\/body>","next_sibling":[{"msid":72005273,"title":"India smartphone makers ship a record 46.6 mn units in Q3: IDC","entity_type":"ARTICLE","link":"\/news\/india-smartphone-makers-ship-a-record-46-6-min-units-in-q3-idc\/72005273","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":72006427,"entity_type":"ARTICLE","title":"Identify products whose import can be reduced: Comm Min","synopsis":"\u200b\u200bThe commerce ministry has held a series of meetings on the issue over the last several months and has asked all ministries to work on this, the official said. ","titleseo":"telecomnews\/identify-products-whose-import-can-be-reduced-comm-min","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2019-11-11 15:50:32","lastupd":"2019-11-11 15:50:32","breadcrumbTags":["Import","New Delhi","industries","Industry","India","export"],"secinfo":{"seolocation":"telecomnews\/identify-products-whose-import-can-be-reduced-comm-min"}}" data-news_link="//www.iser-br.com/news/identify-products-whose-import-can-be-reduced-comm-min/72006427">