Buy with Amazon

Tuesday, March 11, 2014

India Trade Deficit Reduced Sharply in month of February 2014

Trade Deficit
What is Trade deficit??
Trade deficit is rise of imports against exports. If a country imports more than export then we call it as trade deficit. Every county wants to reduce trade deficit.
Trade deficit is not a bad thing either it only mean that countries that export more than imports which will leads to more dollars with country which exports more to importer . With increased dollars there is always fear they may sell dollars at large leads to currency downfall.
India Trade Deficit for Month of February 2014 Month:-
Today i.e. on 11th Feb 2013 India  trade deficit  fall in February Month Falls to USD 8.3 billion compared to USD 14.2 billion in year ago period this is steepest ever fall  since September 2013
This means that imports get fallen data shows that Imports fall by 17 % YoY.
The trade deficit was USD 9.92 billion in January month compared with USD 10.14 billion in December. 
Total imports during February month stands at USD 33.81 billion down 17.09 % from February 2013.
But there is concerns also as total exports in February 2014 Month fell 3.67% to USD 25.68 billion from USD 26.66 billion during February 2013.
But if see in terms of Rs export increased 11.47% as Rs get devalued a lot in 1 year i.e. by 16.64 %.
Indian government may miss Total export target of USD 325 billion marginally in Current financial year.
Total exports for 11 months is USD 282.7 billion i.e. up by 4.8% over the corresponding period last year.
If we see main commodities which contain most part of imports then we see that Oil imports during February 2014 were at USD 13.7 billion i.e. down by 3.1% from the last year in Previous year February Month Oil Imports Stood at USD 14.13 Billion.
Non-oil imports declined by 24.5 % from previous years Feb Month , In Feb 2014 Month Non Oil Imports stands at USD 20.12 billion against  USD 26.65 billion last year February Month.
at

India Trade Deficit Reduced Sharply in month of February 2014

Trade Deficit
What is Trade deficit??
Trade deficit is rise of imports against exports. If a country imports more than export then we call it as trade deficit. Every county wants to reduce trade deficit.
Trade deficit is not a bad thing either it only mean that countries that export more than imports which will leads to more dollars with country which exports more to importer . With increased dollars there is always fear they may sell dollars at large leads to currency downfall.
India Trade Deficit for Month of February 2014 Month:-
Today i.e. on 11th Feb 2013 India  trade deficit  fall in February Month Falls to USD 8.3 billion compared to USD 14.2 billion in year ago period this is steepest ever fall  since September 2013
This means that imports get fallen data shows that Imports fall by 17 % YoY.
The trade deficit was USD 9.92 billion in January month compared with USD 10.14 billion in December. 
Total imports during February month stands at USD 33.81 billion down 17.09 % from February 2013.
But there is concerns also as total exports in February 2014 Month fell 3.67% to USD 25.68 billion from USD 26.66 billion during February 2013.
But if see in terms of Rs export increased 11.47% as Rs get devalued a lot in 1 year i.e. by 16.64 %.
Indian government may miss Total export target of USD 325 billion marginally in Current financial year.
Total exports for 11 months is USD 282.7 billion i.e. up by 4.8% over the corresponding period last year.
If we see main commodities which contain most part of imports then we see that Oil imports during February 2014 were at USD 13.7 billion i.e. down by 3.1% from the last year in Previous year February Month Oil Imports Stood at USD 14.13 Billion.
Non-oil imports declined by 24.5 % from previous years Feb Month , In Feb 2014 Month Non Oil Imports stands at USD 20.12 billion against  USD 26.65 billion last year February Month.