Growth in economic activity and trade overshadowed by rising deficit
Abin Daya the author of 'Basics of Trade: An India Perspective' is a FEMA expert, a career transaction banker, with close to 15 years of experience in corporate and transaction banking, in India. By Abin Daya Well, the effect of that abysmal performance of the core sector had to have some effect on the IIP. IIP numbers have come in at the lowest in 4 months with -1.2% growth. However, the coming months might give us some respite considering the improvement in economic activity during the month of March. And speaking of March, we have got a second consecutive month of double digit export growth during the month, and that has helped us pull off a positive growth in annual export figures after ...
Indias exports fall 6.8%, imports down 19% in July
The Dollar Business Bureau India’s merchandise exports (including re-exports) have declined 6.84% at $21.7 billion during July, 2016 when compared to $23.3 billion in the same month last year. The cumulative exports for the first quarter (Q1) of FY 2017 have come down 3.62% at $87 billion against $90 billion over corresponding period last fiscal year. The country’s imports have contracted 19% during July 2016 at $29.4 billion when compared to $36.4 billion in same month previous year. The overall value of imports has shrunk 16.3% at $114 billion in Q1 of FY 2017 against $136 billion during the corresponding period previous fiscal, as per the Commerce Ministry’s foreign trade data released on Friday. The negative growth in exports is in-line with other major economies ...
