India’s Foreign Trade Facts & Figures – Economic Survey 2016 Key Points

Still away with the facts of India’s foreign trade and figures, revealed in Economic Survey 2016? Have a glimpse of complete package on India’s key economic areas in simple form right here!

 
  è India’s Foreign Trade:

India’s total export value, which is in negative since December 2014, is likely to pick up, according to India Economic Survey 2016.

Exports declined further more to 13.6% in January 2016 to USD 21 billion, which was down for the 14^th month in a row. Fall in shipments of engineering goods and petroleum products were the major factor for this economic scenario, although trade deficit showed improvement. Exports dipped by 17.65% to USD 217.67 billion during 2015-16 as against USD 264.32 billion during 2014-15. Chemicals, textiles, gems & jewellery, petroleum products and engineering were the top contributors in the export value.

As far as imports are concerned, these declined by 15.46% to USD 324.52 billion for the 10 months of 2015-16. This resulted to USD 106.8 billion trade deficit during the same fiscal. The trade gap was USD 119.55 billion in April-January 2014-15.

è       GDP Growth:

Economic Survey 2015-16 projects that the real GDP (Gross Domestic Product) for the current financial year and for 2016-17 will be in the range of 7-7.5%, lower than 8.1-8.5% projected in the last survey.

 

             è        Inflation:

CPI inflation for 2016-17 is expected to be around 4.5 to 5%. RBI (Reserve Bank of India) is expecting to meet 5% inflation target by March 2017.

              

  

              è       Fiscal Deficit:

According to the India Economic Survey 2016, fiscal deficit is likely to be about 3.9% of GDP during 2016-17. And revenue deficit and primary deficit are to be around 3.0% and 1.6% respectively during the same fiscal.

So, understand these international trade data and financial figures and make out where our economy is going under the current circumstances!
The facts and figures in terms of content, charts, diagrams or graphics on international trade data published in this article are taken from various trustworthy sources. Export Genius takes no responsibility or liability on the accurateness and genuineness of facts, figures and diagrams published in this article.    

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