Posts Tagged ‘ Indian Trade ’
The WTO has convened a meeting of about 30 leading trade negotiators this week with the aim of mapping out a deal to conclude the long-delayed Doha Round of global trade talks. The Doha Round began seven years ago with the aim of helping poor countries, but it has been delayed by disputes between developed [ READ MORE ]
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 ]
What are Currency Appreciations and Depreciations? If nominal exchange rates change so that one Dollar buys more Rupees, then the dollar has appreciated in nominal terms. And the Rupee has correspondingly depreciated in nominal terms because a Rupee can buy fewer U.S. Dollars. If the real exchange rate between the U.S. and India changes, which [ READ MORE ]
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 ]
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