The country's imports too declined 26 percent to $29.47 billion in August, leaving a trade deficit of $6.77 billion, compared to a shortfall of $13.86 billion in the same month last year, as per the data. Oil imports declined by 41.62 percent to $6.42 billion in the month under review. … [Read more...] about India’s August exports fall 12.66%, imports contract 26%; trade deficit narrows to $6.77 billion
Trade deficit india
Even in the India-Korea CEPA (Comprehensive Economic Partnership Agreement) signed in 2009, "we found that our exports to Korea was USD 3.4 billion at the time of signing of this FTA" and it has increased to "only USD 4.6 billion in ten years", but imports into India have increased "exponentially and our trade deficit has kept on expanding and increasing". … [Read more...] about India has given very good, balanced offer to US for proposed limited trade deal: Piyush Goyal
Zhou Chenghu, head of the China Association of Trade in Services and an academician with the Chinese Academy of Science, said during a forum at the ongoing China International Fair for Trade in Services in Beijing, that the services sector accounts for 60 percent of the global economy and there are broad prospects for cooperation in the sector among countries and regions related to the BRI. The cooperation should focus on construction of public platforms, information and resource-sharing for the overall development of the services industry, he said. … [Read more...] about B&R economies to boost services trade partnership
The incentive program, being spearheaded by the country’s policy planning body, uses the template of a scheme implemented earlier this year to draw businesses away from China. About two dozen companies including Samsung Electronics Co., Hon Hai Precision Industry Co., known as Foxconn and Wistron Corp. pledged $1.5 billion of investments to set up mobile-phone factories in the country, according to the government, after authorities offered to pay them an amount equivalent to 4%-6% of their incremental sales over the next five years. … [Read more...] about India considers $23 billion package to lure global manufacturers
China and India, despite being such large countries, accounted for only 4.5 per cent and 4.2 per cent of global GDP in 1950 in Purchasing Power Parity (PPP$) terms. The ratio of China’s GDP to India’s was 1.18 in 1913 ($241 billion/$204 billion); in 1950 it was 1.08 ($239 billion/$222 billion). Estimates of per capita income made by Angus Maddison and Dharma Kumar suggest that India might have had a higher per capita income. However, there was not a marked difference in the level of human development. … [Read more...] about Can India catch up with China?