Exports to India hit 4yr low, China boom
July 14, 2014 12:14
Export earnings from India hit four-year low at $456.63 million in the just concluded financial year 2013-14 while the exports to China skyrocketed by 62.85 per cent in the fiscal year.
Experts and exporters said that the export to India witnessed a decreasing trend due to non-tariff barriers and devaluation of the currency of the country.
On the other hand the export to China is booming as the country is moving towards high-end products from basic products and extended zero-tariff excess to Bangladeshi products. According to the Export Promotion Bureau data, the export earnings from India posted a 19.03-per cent negative growth from $563.96 million of the FY 2012-2013.
The export earnings from China increased to $746.19 million in the FY14 from $458.18 million reading on the incredible growth of exports of RMG and leather and leather products, the EPB data showed.
- See more at: Exports to India hit 4yr low, China boom
July 14, 2014 12:14
Export earnings from India hit four-year low at $456.63 million in the just concluded financial year 2013-14 while the exports to China skyrocketed by 62.85 per cent in the fiscal year.
Experts and exporters said that the export to India witnessed a decreasing trend due to non-tariff barriers and devaluation of the currency of the country.
On the other hand the export to China is booming as the country is moving towards high-end products from basic products and extended zero-tariff excess to Bangladeshi products. According to the Export Promotion Bureau data, the export earnings from India posted a 19.03-per cent negative growth from $563.96 million of the FY 2012-2013.
The export earnings from China increased to $746.19 million in the FY14 from $458.18 million reading on the incredible growth of exports of RMG and leather and leather products, the EPB data showed.
- See more at: Exports to India hit 4yr low, China boom