The country's imports too declined 26 percent to $29.47 billion in August, leaving a trade deficit of $6.77 billion, compared to a shortfall of $13.86 billion in the same month last year, as per the data. Oil imports declined by 41.62 percent to $6.42 billion in the month under review. … [Read more...] about India’s August exports fall 12.66%, imports contract 26%; trade deficit narrows to $6.77 billion
Trade deficit india
Even in the India-Korea CEPA (Comprehensive Economic Partnership Agreement) signed in 2009, "we found that our exports to Korea was USD 3.4 billion at the time of signing of this FTA" and it has increased to "only USD 4.6 billion in ten years", but imports into India have increased "exponentially and our trade deficit has kept on expanding and increasing". … [Read more...] about India has given very good, balanced offer to US for proposed limited trade deal: Piyush Goyal
"Currently, China is shifting its focus of opening-up from trade in goods to trade in services. During the first seven months of this year, China's trade in services stabilized, trade deficit decreased and knowledge-intensive industries grew despite the challenges brought by COVID-19.Services trade has become a new bright spot in the development of international trade," he said. … [Read more...] about B&R economies to boost services trade partnership
“The move will definitely have a positive impact on manufacturing, especially for so-called booming sectors such as solar and electronics,” Madan Sabnavis, chief economist at Care Ratings Ltd. said. “It is a good way of attracting investments and has potential to make a difference in these sectors”. … [Read more...] about India considers $23 billion package to lure global manufacturers
Against China’s success, India’s achievement, though significant compared to what it was before independence, is modest. India also took tentative steps to modernise its economy in the early 1980s, but these petered out. Freed from the constraint of food grain availability thanks to the Green Revolution, India did not manage to apply to its industrial sector the lessons it learnt in its agricultural revolution — using foreign knowledge, relying on the private sector and deploying subsidies selectively. Instead, foreign borrowing was used to ease the consumption constraint in the public sector and to cushion loss-making public enterprises. … [Read more...] about Can India catch up with China?