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Erdogan mouthpiece is having a sleepless night at the justice served to the notorious al-badar criminal.Whats this all about and what does it have to do with the topic?
Its not as "isolated" as before....but its certainly not overly reliant on external trade. FTAs are obviously to help expand the reach into new markets. But its not like India is suddenly going to become a hugely trade dependent nation.
Talking strictly about merchandise trade doofus. If 50 billion in one component of trade collapses to 10 billion or less, then thats going to have a major impact on the overall trade figures, but its not a homogeneous fall of the same degree across the board.
I know no one likes to touch a Taka in the world if they can avoid it...so Bangladesh has to trade using USD almost exclusively for everything....but its not like that for Indian rupee in most cases. The only major exceptions are of course trade with the US itself and oil trade...and some precious metals.
Make in India started way earlier than that....and has already produced significant results. More investment in the program than Bangladesh got in 2 decades or more even.
a) it wasn't a ban, it was a lifting of duty-free status
b) if you know anything about Indian capital good imports (which you obviously dont)....you would know just how skewed they are towards power equipment. So the move definitely would have a big impact on capital goods import.
Far larger experts than him (from niti aayog and the CEA himself) have not rallied to that fear especially with more recent figures showing the inventories in the capital goods power sector are looking much healthier now....and good improvement in IIP index as well.
Maybe one day Bangladesh can stop scoring ducks, 1's and 2's in patent filings year after year to know what RnD actually means. It reminds me of Bangladesh cricket team
Actually @Nilgiri is right. Merchandise export doesn't include IT/BPO. You are making yourself look ignorant to an outsider. Please study some more about the same and reply.
Thats true. But India does not consider IT/BPO as service export. They consider it merchandise.
The definition itself has little to do with the discussion. The total export volume including BPO/IT is 260 billion for India.
Merchandise exports $321 billion.(2014)
Commercial services exports $155 billion.(2014)
http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Country=IN&Language=F
Are you so stupid ???