Archive for the ‘ Indian Trade ’ Category

Key infra sectors growth plunges to 2.3%

Growth in six infrastructure industries plummeted to 2.3% in August 2008 as compared to 9.5% a year ago i.e. in August 2007 including crude oil and petroleum refinery, showing depressing performance. Crude oil showed a negative growth by 1% in August 2008 compared to a positive growth rate of 6.5% in August 2007. Growth in petroleum [ READ MORE ]

Indian Ports: Poised to handle 21 M TEU

Congested ports and other creaky transport infrastructure have become a growing problem for Asia’s third-largest economy and the world’s second-fastest growing large economy after China. The Indian government plans to double cargo handling capacity at the country’s ports to 1.5 billion metric tonnes (mt) per by 2012. If the current growth rate of 19% is [ READ MORE ]

Indian Currency: Impcat of High Crude Price

The fall in the rupee is primarily being attributed to the high crude oil prices, which touched all-time high of over $135 per barrel on May 22, 2008. India imports 73 per cent of its crude oil requirements, thus raising concerns over its widening trade deficit-the difference between the value of goods and services exported [ READ MORE ]

Indian Trade & Impact of Trade Defecit

India’s exports during April, 2008 were valued at US $ 14400 million (Rs.57633 crore) which was 31.5 per cent higher in dollar terms (24.8 per cent in Rupee terms) than the level of US $ 10953 million (Rs.46164 crore) during April, 2007. India’s imports during April, 2008 were valued at US $ 24274 million (Rs.97151 [ READ MORE ]

India joins trillion-dollar economy club

India also joined the elite club of select countries the US, Japan, Germany, China, UK, France, Italy, Spain, Canada, Brazil and Russia which have already managed the feat.   Incidentally, this trillion-dollar GDP feat came alongside the Indian stock market crossing the $1 trillion-mark in market capitalisation. For a country’s stock-market to have market cap equal [ READ MORE ]

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