Even though India managed an impressive exports growth of 20% CAGR during FY00-12 period, the gains in terms of trade could not be achieved as imports grew at even faster pace. This led to trade deficit rising from about $ 13 bn in FY00 to more than $ 180 bn in FY12 as per the … Continue reading India's Imports – Where does the money go..??
Declaration of results for June’16 quarter by Indian Oil (IOC) and Bharat Petroleum (BPCL) earlier this week completed the results season for the sector. The sector had a good run with 21% increase in profits even though sales came down marginally by 2% as per the standalone financials of listed companies. Aggregate revenue for the … Continue reading Results Analysis – Petroleum Refining sector..