Exports shrink 6.7 per cent in April
The article reports the shrinking trade deficit in India compared to the previous year. The Imports have shown a substantial decline with decrease in Gold and Crude Oil Imports.
Topics include Balance of Payments, Trade deficit, Current Account Deficit, Terms of Trade and Marshall Lerner conditions. The reduction in the trade deficit is due to the combined effect of decrease in Exports and Imports with rate of decrease of Imports being higher than that of Exports. The reduced value of Imports and Exports also reflect the slowdown in industrial activity, new investments, the import of machinery (both electrical & non-electrical) and the weak Demand worldwide.
Evaluation will cover various strategies to encourage Exports, Investment, Balance of Payments and pressures on Currency and future International Trade. Also discuss the impact on the Consumers, Domestic producers and Government in short term and long term.