India: June exports fall 5.4%, imports down 13.5%

[kawaraj]

NEW DELHI: The country's exports fell 5.45% in June, the second successive month of contraction, as the prolonged slowdown in key markets such as Europe and the United States hurt shipments from India.

Data released by the commerce and industry ministry on Friday showed exports in June stood at $25.07 billion compared to $26.51 billion in the same year-ago month.

Imports also registered a sharp decline in June posing a fresh worry for the government already battling to revive growth and sentiment which have been dented due to a slew of policy flip-flops and delays. Imports in June fell 13.5% to $35.37 billion. The balance of trade narrowed to $10.3 billion.

June exports fall 5.4%, imports down 13.5% - The Times of India

 

[SpArK]

Thanks a million mate for posting Indian economy news in world affairs.

I hope mods relax the rules on similar lines.

 

[illusion8]

There is economics thread for this - exports have fallen so has the current account deficit - I hear its come down to 3-4% that's good news.

 

[kawaraj]

I may post in the wrong section, so just refrain from troll and take a peek at the economic fact before it goes back to where it's supposed to be.

There is economics thread for this - exports have fallen so has the current account deficit - I hear its come down to 3-4% that's good news.

due to the holy figure of falling import....

but yeah I agree it's still good news as a way to soothe the in dire strait deficit.

 

[illusion8]

I may post in the wrong section, so just refrain from troll and take a peek at the economic fact before it goes back to where it's supposed to be.

The slowdown is no biggie - that's a general trend throughout the globe - India's commodities exports have risen - the commodities are what will drive the market soon - and it's just picking up so wait for good figures in the future - again one good thing our current account deficit has gone down remarkably due to cheap oil prices.

due to the holy figure of falling export....

but yeah I agree it's still good news as a way to soothe the in dire strait deficit.

how can declined exports reduce deficit? - it's actually inversely proportional. The reduction in deficit is due to a smaller bill of oil imports owing to reduced oil prices.

 

[ajtr]

June exports fall 5.4%, imports down 13.5% - The Times of India

Girte hain sheh sawar hi maidan-e-jung mein
Wo tifl hi kya gire jo ghutno ke bal chala karte hain.

 

[joekrish]

I may post in the wrong section, so just refrain from troll and take a peek at the economic fact before it goes back to where it's supposed to be.

With your background I guess the reason to post in world affairs is to troll so the second part of your sentence makes little sense to me.

 

[kawaraj]

With your background I guess the reason to post in world affairs is to troll so the second part of your sentence makes little sense to me.

what ever, you're talking to a guy always post serious argument and considerably not hostile to India.

 

[Splurgenxs]

June exports fall 5.4%, imports down 13.5% - The Times of India

Hence ,the net Inflows are larger than the outflows on exports and Imports...all in all a great indication.

Money is coming in rather than going out.

 

[kawaraj]

Hence ,the net Inflows are larger than the outflows on exports and Imports...all in all a great indication.

Money is coming in rather than going out.

you are genius.

 

[IndoCarib]

Great news. That means trade deficit is shrinking. kawaraj didnt realize it , I guess

India’s trade deficit shrinks in June | beyondbrics


Another tidbit of good news for the embattled Indian economy: the country reported its smallest trade deficit in more than a year for the month of June, according to provisional numbers released by the commerce ministry on Friday.

The deficit was $10.3bn, compared with $16.3bn in May and $14.4bn in June 2011.

Imports contracted 13.5 per cent year-on-year to $35.37bn. But exports also fell, by 5.5 per cent, to $25.1bn.

In the quarter ending in June, the government reported a $40.1bn trade deficit, compared with $46.2bn a year earlier.

India’s trade deficit shrinks in June | beyondbrics

 

[WS-10 Engine]

Indian economy is contracting.

The real state of the Indian economy is dire.

The currency collapse reflects that.

These official numbers prove it, of course the real numbers are way worse.

Indian fundamentals are getting weaker by the day.

Indian growth story was a house of cards.
Now it's over.

 

[manofwar]

Indian economy is contracting.

The real state of the Indian economy is dire.

The currency collapse reflects that.

These official numbers prove it, of course the real numbers are way worse.

Indian fundamentals are getting weaker by the day.

Indian growth story was a house of cards.
Now it's over.

You and SC are two people who evidently love their banned periods so much that you are always wanting to go back to them.........
Do you even know what you are saying?? Currency Depreciation is when it loses to much value to be used any longer........
Anyways , this is only a 12% depreciation.......And it has helped in reducing our deficit and has bolstered the real value(not the dollar value, which is the case since payments are recieved in dollars and product is made in Rupees)) of our exports.....
The year 2011 was very good for the general public, incomes increased by 13% in dollar terms(which doesn't matter anyways when it comes to income) and 26% in rupee terms.............GDP saw a growth of 22%in rupee terms!!!

 

[xataxsata]

Admin/Mods

Plz implement PDF rules and ban the thread starter for posting Indian economy = a banned subject.

As per PDF rules.

 

[ajtr]

Indian economy is contracting.

The real state of the Indian economy is dire.

The currency collapse reflects that.

These official numbers prove it, of course the real numbers are way worse.

Indian fundamentals are getting weaker by the day.

Indian growth story was a house of cards.
Now it's over.

indian economy is not like ws-10 engine which contracts shrinks after 50 hrs of life.