Between January and May this year, India-US goods trade touched $55.57 bn compared to $40.27 bn in the same period in 2019. Experts say surge largely driven by Indian exports to US.
The price of West Texas Intermediate crude has fallen to just over $105 from more than $122 earlier this month — raising hopes that pressures may ease at the gas pump.
Merchandise exports touched $301.38 billion in April-December 2021, a 26.49% increase over same period in 2019. Imports touched $443.82 billion for the same period, a 21.87% increase.
As edible oil prices hit record highs, govt reduced duty on crude palm oil to 10% from 15%. To further cool down prices, licence-free import of palm oil products was allowed till 31 Dec.
Exports of sectors such as engineering, gems and jewellery and petroleum products recorded healthy growth rates. During the same period, imports too rose by 98.33% to $19.59 billion.
Imports rose by over three-folds to $45.45 billion last month as against $17.09 billion in April 2020, according to data released by the commerce ministry.
US sanctions on Russia as well as its determination to paint Vladimir Putin as the bad guy is driving Moscow into Beijing’s arms. Make no mistake, this is a willing embrace.
India hasn’t signed the RCEP, leading to concerns that it will get isolated. But it’s a China-centric deal that would have few advantages for India’s exports.
We have failed terribly at two important things. One, we are reacting to this issue only emotionally, not logically. And two, we are not asking the right questions.
WhatsApp privacy policy case is among a string of matters involving practices like restrictive platform rules, pricing & billing policies, reflecting India’s tight scrutiny of market dominance.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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