Call Girls Electronic City Just Call 👗 7737669865 👗 Top Class Call Girl Servi...
Import Export Data
1. Import Export Data- A look into India’s Balance sheet
Import export data can be very useful to judge the health of an economy. Imports can
be broadly classified as the goods that a nation buys from other nations in exchange of a
commonly accepted currency. This currency is often the US Dollar or the Euro. Imports
are often discouraged by many nations on the grounds that they are drainers of foreign
currency and made the country poor. In the pre liberalization age the motto for selfsufficiency was raised by the government and exports were encouraged. But in the post
liberalization age the restrictions on many sectors of imports have been lifted.
Exports can be broadly be defined as the goods that one country sends to another
country in exchange of a commonly accepted currency. Often trade agreements make
the currency of either country acceptable currency, like the Russia India trade
agreement of 2010. Exports were encouraged both before and after liberalization as
they still pump in large volumes of foreign currency into the nation.
The balance of Trade:
Import Export Data of India is available on the finance ministry website and gives us
an overview of India’s balance of trade. Balance of trade is judged mainly by the imports
and exports done by a country. It goes the show if there is a trade deficit in the country
or there is a trade surplus. In case there is a trade deficit in the balance of trade it tells
us that the country has a larger import of goods than an export of goods. In case the
balance of trade shows a Trade Surplus it tell us that the income generated for the
government exports are far greater than the income lost in imports.
Import export data published every quarter helps us measure the quarter to quarter
balance of trade.
Look into India’s balance Sheet:
The import export data published for the months of April to September 2013 have
been used as cornerstone for the analysis in this article. Some sectors that have seen a
growth in this financial year over the last are: Tea, Mechanical machinery, automobile,
Nuclear power hardware. Some of the sectors that have seen a large growth in import
quantities in the same time frame are Crude oil, animal and vegetable oil and
pharmaceuticals. The major drainage for India’s foreign currency comes with the import
of petroleum on the back of raising demand from the domestic sector. This rising
demand has forced the Indian government to sign many trade agreements with oil rich
countries like Iran, which allows India to pay in the currency of either of the two
nations.
At present, India faces a Trade Deficit as imports which are much greater than exports.
For further details about India import and export data, Indian customs data, and many
other International trade data, visit at www.seair.co.in
2. Summary:
India’s balance sheet is at present heavy of the liability side but with current trends the
asset side could be heavier in the coming decade.