September export grows at 11%

Narrowing trade deficit during April-September 2013-14 at US$80bn from US$91bn in April-September 2012-13 is inspiring on expanding exports trajectory and squeezing imports scenario. The export/import ratio is expected to remain steady and favourable in the coming months too on pick up in exports scenario vis-à-vis revival of demand in advanced economies. Rupee is expected to recover further from its current level and consolidate at around 60/US$ by end Dec 2013. The appreciation and consolidation of rupee by Dec’13 will be driven by many factors such as improving capital flows, improving export/import ratio and overall current account balance.

India’s exports for the month of September 2013 stands at USD 27.67 billion with a (Y-O-Y) increase of 11.15% as compared to USD 26.14 billion in  August 2013 with a (Y-O-Y) growth of 12.9%. During September 2013, the imports were USD 34.43 billion with a (Y-O-Y) growth of around (-) 18.10 % as compared to USD 37.05 billion in August 2013 with a (Y-O-Y) growth of (-) 0.7%. The balance of trade stands at around USD (-) 6.76 billion during September 2013 as compared to USD (-) 10.92 billion during August 2013.

  Value of foreign trade                                                    USD billion
Period
August
September
Apr-Sep
Exports
FY 14
26.14
27.67
152.10
Growth (%)
12.97
11.15
5.14
Imports
FY 14
37.05
34.43
232.23
Growth (%)
(-)0.68
(-) 18.10
(-) 1.80
Trade balance
FY 14
(-)10.92
(-) 6.76
(-) 80.12
 Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India

The cumulative figure for the period of April-September FY2014 shows exports at USD 152.10 billion as compared to USD 144.67 billion in April- September FY2013 with a growth of 5.14%; while the cumulative imports for April-September FY2014 stands at USD 232.23 billion as compared to USD 236.49 billion in April-September FY2013 with a growth of (-) 1.80%. The cumulative figure for the balance of trade for the period of April-September FY2014 stands at USD (-) 80.12 billion as compared to USD (-) 91.81 billion in April-September FY2013.

Trend in Exports and Imports                                                                                               (%)
Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India


Warm regards,

Dr. S P Sharma
Chief Economist

Comments

Post a Comment

Popular posts from this blog

Image
The Straits Times  ‏ @ STcom   5m 5 minutes ago Swedish government rejects UN criticism over Assange  bit.ly/1L2rrOY 0 retweets 0 likes Reply Retweet Like More Leave a comment   Edit Foreign Exchange Management,the Possession and Retention of Foreign Currency Regulations, 2015 February 5, 2016 RESERVE BANK OF INDIA Mumbai – 400 001 RBI/2015-16/312 February 04, 2016 A.P. (DIR Series) Circular No.47/2015-16 [(1)/11(R)] To All Category – I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 notified vide Notification No. FEMA. 11(R)/2015-RB dated December 29, 2015, c.f. G.S.R. No.1006 (E) dated December 29, 2015, which supersedes the Foreign Exchange Management (Possession ...
Read more
Image
Asean newsline HEADLINES    PHOTOS  VIDEOS WORLD SPORTS BUSINESS POLITICS LEISURE ART & ENTERTAINMENT MORE  Tuesday, Aug. 09, 2016   Next update in about 24 hours    Archives Why eating meat is linked to higher risk of death Shared by durso     cnn.com  - "Our findings have important public health implications," he added. "They can help refine the current dietary recommendations about protein intake and really get to the point that it is not only th... SP Salwinder Singh booked in rape case Shared by Sneha Arora     tribuneindia.com  - Punjab » Crime Posted at: Aug 5, 2016, 2:04 AM; last updated: Aug 5, 2016, 4:56 AM (IST) SP Salwinder Singh booked in rape caseIG holding probe into sexual harassment charges Also in this section F... Saudi Arabia lets women compete in the Olympics, but bans them from playing sports back ho...
Read more
Image
Asean newsline HEADLINES    PHOTOS  VIDEOS BUSINESS WORLD SPORTS LEISURE ART & ENTERTAINMENT POLITICS MORE  Thursday, Nov. 17, 2016   Next update in about 23 hours    Archives They left this half-wolf dog in the house far too long. So his owner did THIS. Incredible! Shared by Ferhide     gazeteman.com  - How A Human Face Might Look Like In 100,000 Years We've come along way looks-wise from our homo sapien ancestors. Between 800,000 and 200,000 years ... He terrified other kids when he was a child. ... Aider les Centrafricains à bâtir un avenir meilleur Shared by EU External Action     la-croix.com  - L’Union européenne organise, en partenariat avec le Gouvernement de la République centrafricaine, la Conférence de Bruxelles sur la République Centrafricaine qui se tiendra le 17 novembre 2016 à Br... Demonetisatio...
Read more