Posted at 5:53 PM , on April 26, 2016
Trade Deficit narrows, but is it sustainable?
The March Trade data announced during the week had some major positive indications. The exports showed a positive trend on a month-on-month basis while imports of gold were down. Trade deficit came down substantially to a little above $5 billion and is almost entirely compensated by the surplus on the services side. Some of the key takeaways from the trade data were as follows… Continue reading
Posted at 5:32 PM , on October 19, 2015
Critical data points tell a compelling story of Indian economy
The week just gone by had some interest data points which gave a clear pointer towards the week and month ahead. Data has been broadly mixed. On the trade front the data has disappointed with some redeeming features. While IIP growth has shot up, the inflation too has gone up. And corporate results have had some major disappointments in the early days.
Posted at 6:38 PM , on October 16, 2015
The trade data for the month of September 2015 was once again disappointing. For the 10th successive month, exports showed a falling trend. In fact, the exports for the month of September 2015 were down almost 25% from the corresponding period of September 2014. Falling exports is actually a global phenomenon. A global slowdown in demand, contraction in commodities off-take by China and a steep fall in the price of oil have all contributed to the fall in exports. However, many other countries have not been hit as hard as India and that is the moot point.