Release of balance of payment figures for quarter ended June’16 by RBI today brings some good news for the external sector. Even though net addition to foreign exchange is lower, performance on current account, particularly non-oil trade records an improvement over last year. Major features are: Current Account – Only a marginal decline of 0.2% … Continue reading International Trade – Q1'17 Performance..
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..??
International trade as a tool of growth was recognized little late by the country with concrete efforts to boost merchandise exports taking place only over last about two decades. As a result, there was a strong exports growth since about 2000, resulting in growth of almost 20% CAGR during FY00-FY12 period. Exports crossed $ 300 … Continue reading India Exports – Changing Composition..