{"id":260342,"date":"2023-09-16T19:41:57","date_gmt":"2023-09-16T14:11:57","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=260342"},"modified":"2023-10-08T08:30:02","modified_gmt":"2023-10-08T03:00:02","slug":"indias-goods-trade-deficit-hits-a-10-month-high","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/indias-goods-trade-deficit-hits-a-10-month-high\/","title":{"rendered":"India\u2019s goods trade deficit hits a 10-month high"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article <\/span><b>\u201cIndia\u2019s goods trade deficit hits a 10-month high<\/b><b>\u201d\u00a0 <\/b><span style=\"font-weight: 400;\">published in<\/span><b> The Hindu on 16th September 2023<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">India\u2019s foreign trade has hit a fresh trough in August with the goods trade deficit hitting a 10-month high.<\/span><\/p>\n<p><b>India&#8217;s Foreign Trade Challenges in August,2023: <\/b><span style=\"font-weight: 400;\">Goods exports have been declining for seven consecutive months.The goods trade deficit has reached a 10-month high.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 Services exports, which had been growing, decreased for the first time in over a year.<\/span><\/p>\n<p><b>Impact of Oil Prices on Exports: <\/b><span style=\"font-weight: 400;\">Nearly half of the decline in exports this year has been due to falling petroleum prices.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 Export volumes of petroleum products increased by 6% from April to July, but prices were 27% lower than a year ago.<\/span><\/p>\n<p><b>Challenges and recommendations:<\/b><span style=\"font-weight: 400;\"> The Federation of Indian Exporters&#8217; Organisations (FIEO) noted subdued demand in major economies like the EU, U.S., China, Australia, and Asia.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 FIEO expects improvements in the coming months, especially with fresh orders expected for the Christmas and New Year season.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 FIEO emphasizes the need for easy and cheaper credit for small enterprises, marketing support, exemption of GST levies on export freight, interest equalization support and an extension of the emergency credit line guarantee scheme to help exporters during challenging times.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cIndia\u2019s goods trade deficit hits a 10-month high\u201d\u00a0 published in The Hindu on 16th September 2023 What is the News? India\u2019s foreign trade has hit a fresh trough in August with the goods trade deficit hitting a 10-month high. India&#8217;s Foreign Trade Challenges in August,2023: Goods exports&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/indias-goods-trade-deficit-hits-a-10-month-high\/\">Continue reading <span class=\"screen-reader-text\">India\u2019s goods trade deficit hits a 10-month high<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[11872,10498],"class_list":["post-260342","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-9pm-daily-factly","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/260342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=260342"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/260342\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=260342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=260342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=260342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}