-The Hindu Business Line Major Exporters such as Bajaj Auto, Hero MotoCorp, HMSI and TVS Motor Company, all have reported decline in sales The global slowdown has impacted two-wheeler exports between April and November this year to 26,79,201 units, a decline of 10 per cent y-o-y as compared with 29,76,065 units in same period last year. Major Exporters such as Bajaj Auto, Hero MotoCorp, Honda Motorcycle & Scooter India (HMSI) and TVS Motor...
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India’s Foreign Trade during the Ukraine War -CP Chandrasekhar and Jayati Ghosh
-Networkideas.org The Russian invasion of Ukraine and the subsequent war sparked rapid and dramatic increases in some global trade prices, particularly for fuel products, wheat and fertilizer for which Russia and Ukraine are major Exporters. It is now clear that these price changes were not due to actual changes in total supply, which remained largely unchanged (although source locations and trade routes shifted). Instead, market expectations amplified by media hype, financial...
More »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 »World is worried about India banning rice exports, but no threat to food security yet -Shweta Saini and Siraj Hussain
-ThePrint.in 2022 is emerging to be unique for Indian agriculture. Both the staple crops of rice and wheat appear to be suffering production losses. The World Bank’s food security update of August 2022 flagged how global concerns over the likelihood of a rice export ban by India are rising. It noted that “Exporters, concerned that export restrictions will be introduced (as has been done for wheat), are moving quickly to open letters...
More »Cabinet imposes curbs on atta exports -Subhash Narayan and Ravi Dutta Mishra
-Livemint.com To ensure food security of India’s 1.4 billion people, a decision was taken to prohibit export of wheat in May following rising demand for Indian wheat amid the Russia-Ukraine war. But, this caused a jump in export demand for wheat flour The Union cabinet on Thursday approved placing restrictions on wheat flour, or atta, exports to curb rising prices and ensure food security for the poor. The Cabinet Committee on Economic Affairs...
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