Indias steel imports down 34% in April
The Dollar Business Bureau India’s steel imports in April dropped to its lowest figure in almost a year, as the inbound shipments of the metal fell by over 34 percent.Last month, imports of steel dropped 34.20 percent to 654,000 metric tonnes from 994,000 tonnes in March this year, said a provisional data released by the Steel Ministry.The fall in imports has been significant for various reasons. For one, the drop comes in the background of the government’s prolonged efforts to curb cheap imports of steel from various countries, especially China. India had bought a record 11.2 million tonnes of steel during January-March this year. And second, by far the most significant, a weakening of the Chinese currency thereby adding further woes ...
Increasing role of states in Indias export growth
Steven Philip Warner | The Dollar Business Cutting across to the more serious end, I got a call from our administration department that there was no direct flight to Ludhiana. So I asked him to give me a connecting option. I had known of a few friends and associates from Punjab in the past – all of them making good money from exports, so my admin manager’s response to a connecting flight request was an unpleasant shock. He said, “There is no direct flight to Ludhiana!” I said “Ok” and enquired about the AI flight that I had known about. He clarified that even that flight from Delhi had now been withdrawn. The fact that me as a stakeholder ...
