Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
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How are other export-dominated countries faring? Why is the government optimistic that domestic demand will counter the effects of declining exports?

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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>How are other export-dominated countries faring? Why is the government optimistic that domestic demand will counter the effects of declining exports?</em></p><p style="text-align:justify">The story so far: India&rsquo;s exports declined about 16.7% in October compared with the year-earlier period. This is the first slide reported for any month since February 2021. October imports rose at a much milder pace than earlier, most likely because of softening commodity prices worldwide, and trade deficit widened by as much as 50%.</p><p style="text-align:justify">Engineering goods, which have lent a strong shoulder to India&rsquo;s goods exports in recent years, slid 21%. The Engineering Export Promotion Council of India Chairman Arun Garodia attributed the slowdown to high inflation in developed regions, falling demand in China, slowdown in the EU and the U.S. and the Russia-Ukraine war. The Commerce Ministry pointed out that for October, a decline of $2 billion worth of exports was seen in steel and allied products, highlighting the fact that the government had levied an export duty on these products to help increase local availability and hence temper local prices. The government has since removed this duty. The Ministry also highlighted that in the month of Diwali every year, workers tend to take leave, thus impacting output. Therefore, one should wait and see whether export decline was only a blip or whether it was a trend that would stay.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/explained-why-are-indias-slowing-exports-a-cause-for-concern/article66264186.ece" title="https://www.thehindu.com/business/Economy/explained-why-are-indias-slowing-exports-a-cause-for-concern/article66264186.ece">click here</a> to read more.&nbsp;</p>                                                           
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>How are other export-dominated countries faring? Why is the government optimistic that domestic demand will counter the effects of declining exports?</em></p><p style="text-align:justify">The story so far: India&rsquo;s exports declined about 16.7% in October compared with the year-earlier period. This is the first slide reported for any month since February 2021. October imports rose at a much milder pace than earlier, most likely because of softening commodity prices worldwide, and trade deficit widened by as much as 50%.</p><p style="text-align:justify">Engineering goods, which have lent a strong shoulder to India&rsquo;s goods exports in recent years, slid 21%. The Engineering Export Promotion Council of India Chairman Arun Garodia attributed the slowdown to high inflation in developed regions, falling demand in China, slowdown in the EU and the U.S. and the Russia-Ukraine war. The Commerce Ministry pointed out that for October, a decline of $2 billion worth of exports was seen in steel and allied products, highlighting the fact that the government had levied an export duty on these products to help increase local availability and hence temper local prices. The government has since removed this duty. The Ministry also highlighted that in the month of Diwali every year, workers tend to take leave, thus impacting output. Therefore, one should wait and see whether export decline was only a blip or whether it was a trend that would stay.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/explained-why-are-indias-slowing-exports-a-cause-for-concern/article66264186.ece" title="https://www.thehindu.com/business/Economy/explained-why-are-indias-slowing-exports-a-cause-for-concern/article66264186.ece">click here</a> to read more.&nbsp;</p>                                                           
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    <h1 class="cat-box-title">Why are India’s slowing exports a cause for concern? -K Bharat Kumar </h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>How are other export-dominated countries faring? Why is the government optimistic that domestic demand will counter the effects of declining exports?</em></p><p style="text-align:justify">The story so far: India&rsquo;s exports declined about 16.7% in October compared with the year-earlier period. This is the first slide reported for any month since February 2021. October imports rose at a much milder pace than earlier, most likely because of softening commodity prices worldwide, and trade deficit widened by as much as 50%.</p><p style="text-align:justify">Engineering goods, which have lent a strong shoulder to India&rsquo;s goods exports in recent years, slid 21%. The Engineering Export Promotion Council of India Chairman Arun Garodia attributed the slowdown to high inflation in developed regions, falling demand in China, slowdown in the EU and the U.S. and the Russia-Ukraine war. The Commerce Ministry pointed out that for October, a decline of $2 billion worth of exports was seen in steel and allied products, highlighting the fact that the government had levied an export duty on these products to help increase local availability and hence temper local prices. The government has since removed this duty. The Ministry also highlighted that in the month of Diwali every year, workers tend to take leave, thus impacting output. Therefore, one should wait and see whether export decline was only a blip or whether it was a trend that would stay.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/explained-why-are-indias-slowing-exports-a-cause-for-concern/article66264186.ece" title="https://www.thehindu.com/business/Economy/explained-why-are-indias-slowing-exports-a-cause-for-concern/article66264186.ece">click here</a> to read more.&nbsp;</p>                                                           
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Why are India’s slowing exports a cause for concern? -K Bharat Kumar

Published on Dec 15, 2022   Modified on Dec 16, 2022

-The Hindu How are other export-dominated countries faring? Why is the government optimistic that domestic demand will counter the effects of declining exports? The story so far: India’s exports declined about 16.7% in October compared with the year-earlier period. This is the first slide reported for any month since February 2021. October imports rose at a much milder pace than earlier, most likely because of softening commodity prices worldwide, and trade deficit widened by as much as 50%. Engineering goods, which have lent a strong shoulder to India’s goods exports in recent years, slid 21%. The Engineering Export Promotion Council of India Chairman Arun Garodia attributed the slowdown to high inflation in developed regions, falling demand in China, slowdown in the EU and the U.S. and the Russia-Ukraine war. The Commerce Ministry pointed out that for October, a decline of $2 billion worth of exports was seen in steel and allied products, highlighting the fact that the government had levied an export duty on these products to help increase local availability and hence temper local prices. The government has since removed this duty. The Ministry also highlighted that in the month of Diwali every year, workers tend to take leave, thus impacting output. Therefore, one should wait and see whether export decline was only a blip or whether it was a trend that would stay. Please click here to read more.

The Hindu, 15 December, 2022, https://www.thehindu.com/business/Economy/explained-why-are-indias-slowing-exports-a-cause-for-concern/article66264186.ece

Tagged with: Forex reserves Foreign Exchange Reserves Exports Trade Deficit

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