-Moneycontrol.com Exports in April-November amounted to $295.26 billion, up 11.1 percent, while imports were 29.5 percent higher at $493.61 billion India's Merchandise exports posted a marginal increase in November on a year-on-year basis to $31.99 billion, data released by the comMerce ministry on December 15 showed. The rise in exports in November was a Mere 0.6 percent. The latest trade numbers come after data released last month showed exports contracted 17 percent in October...
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What is in store for India’s imports?
There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its Merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
More »Gujarat Elections: Steady Grumble About Unemployment Across State
-PTI/ Newsclick.in Nearly 3.64 lakh educated and "semi-educated" youngsters had registered with employment exchanges till December 2021. New Delhi: Nearly 3.64 lakh educated and "semi-educated" youngsters had registered with employment exchanges across Gujarat till December 2021, according to state government data. Of them, the highest number of unemployed youths -- 26,921 -- were in Vadodara, followed by Ahmedabad (26,628), Anand (22,515), Rajkot (18,997) and Kheda (16,163) districts. The figures were shared by Labour, Skill...
More »Subjective indices mar World Bank’s Governance Indicators: EAC-PM Paper -Rajeev Jayaswal
-Hindustan Times The World Bank should ensure “greater transparency and accountability” while factoring in subjective opinion-based indices as inputs for its World Governance Indicators (WGI) that has significant weightage in sovereign ratings, the Economic Advisory Council to the Prime Minister (EAC-PM) said in a series of tweets citing an internal working paper, and called for independent Indian think tanks to bring out similar perception-based indices for the world in order to...
More »Demonetisation has Been an Utter Failure on all Fronts -Prabhat Patnaik
-Newsclick.in None of its stated objectives have been met and the entire exercise has turned out to be a Mere act of converting old notes into new ones, at great inconvenience to the people. In the entire history of post-Independence India, no single economic measure has been as devastating for the people and as utterly futile in achieving its stated objectives, as the demonetisation of currency notes of Rs 500 and Rs...
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