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Exports No Cause for Panic Excluding Petroleum and Gems and Jewellery no Significant Decline in India s Exports

Dated:- 22-12-2015 - A general sense of alarm has been generated by the publication of figures of India's exports in recent months. During the period April-November 2015 total exports in dollar terms were US $ 174.3 billion which shows a decline of 18.5% over corresponding period figure of US $ 213.8 billion in 2014. Ironically, the latest Index of Industrial Production (IIP) figures for October 2015 show considerable growth at 9.8% over the previous year. For the cumulative period April - O .....

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n rupee terms non-oil exports have declined by only 3.7%. Similarly, export in gems and jewellery sector have fallen by 9.5%. In this case also there is a significant decline in raw material price, namely, gold. Hence the declines in exports in these categories are a reflection of changing import prices. Decline in non-oil & non-gems and jewellery export for the reporting period is 9.7% in dollar terms and only 3.7% in rupee terms. Thus the basic picture emerging is that excluding petroleum .....

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