Crawling Evil - India's Trade Deficit and Current Account worsens

[kawaraj]

Exports grew by 4.3% year-on-year to $24.6 billion, while imports increased by 20.6% in February, commerce secretary Rahul Khullar said on Friday.

Imports stood at $39.8 billion in February 2012, resulting in a trade deficit of $15.2 billion. During April-February 2011-12, the country's exports increased by 21.4% to $267.4 billion.

Imports grew by 29.4% to $434.2 billion during the 11 months period, taking the trade deficit to $166.8 billion.

"We are getting a growth rate of 20%. It looks like you'll get around $300 billion (by the fiscal end)," Khullar told reporters in New Delhi.

Exports up 4.3% in Feb, imports grew by 20.6% - Hindustan Times

 

[kawaraj]

your trading deficit is approaching your export, that's when your nation is broke, technically.

this is quite alerting situation, no better than Greece in the beginning phase.

 

[Nitin Goyal]

your trading deficit is approaching your export, that's when your nation is broke, technically.

this is quite alerting situation, no better than Greece in the beginning phase.

you need some economic and maths classes to start the conversation first....

 

[Tshering22]

your trading deficit is approaching your export, that's when your nation is broke, technically.

this is quite alerting situation, no better than Greece in the beginning phase.

Man seriously,.... have you ever taken up economics or is it just someone who told you to say this?

 

[desiman]

your trading deficit is approaching your export, that's when your nation is broke, technically.

this is quite alerting situation, no better than Greece in the beginning phase.

have you ever taken economics ? seriously please dont open you mouth if you dont know what your talking about and stop changing the title of a thread, it is against the rules of the forum.

 

[Holmes]

Ban the imported cheap products.....! just ban them.

 

[Hulk]

your trading deficit is approaching your export, that's when your nation is broke, technically.

this is quite alerting situation, no better than Greece in the beginning phase.

Yes we are getting bankrupt and seriously our FM and PM are so incompetent that they do not even understand it and still spending a lot. On the other hand Pakistan's economy is booming and will cross China soon.

 

[anonymus]

Well Wishers of India,

Just wait for couple of weeks.When Economic survey of India would be released,we could talk with proper data rather than rant of reporters.

your trading deficit is approaching your export, that's when your nation is broke, technically.

this is quite alerting situation, no better than Greece in the beginning phase.

You certainly had taken a peg too much of jack daniel.

 

[Nitin Goyal]

 

[53fd]

India's GDP growth rate, despite falling, is still pretty decent. However, there is a lot of concern of the falling rate of FDI inflows (which supports the service sector of India, & its slowing down has been one of the reasons for India's falling GDP growth rate), & the rate at which the imports are increasing with respect to the exports (resulting in increasing trade deficits). Indian exports also need to be more competitive.

As India is a developing nation, it is importing a lot more than it is exporting, good on some levels, not good on many levels as well. The fact that India is looking to make up its energy deficiencies by importing oil & gas from other countries, while signalling development inside the country, is also a worrying trend, given the demands & needs of the quickly increasing population. India needs to focus on utilizing its own resources inside the country well, & reducing its trade deficit, as it is not good for the economy in the long run.

 

[Zabaniyah]

your trading deficit is approaching your export, that's when your nation is broke, technically.

this is quite alerting situation, no better than Greece in the beginning phase.

Good god, who taught you economics?

 

[northeast]

sit and wait for the horrible，terrifying collapse of india just like what happened in southeastern asia and south america.
It would be quite funny.

 

[Nitin Goyal]

sit and wait for the horrible，terrifying collapse of india just like what happened in southeastern asia and south america.
It would be quite funny.

hi...i'm also waiting for the same...lets wait and watch

 

[Zabaniyah]

sit and wait for the horrible，terrifying collapse of india just like what happened in southeastern asia and south america.
It would be quite funny.

Yeah, we are ****ed

 

[Impasse]

Recently got a job life has changed.. hmmm waiting for this..