{"id":36137,"date":"2018-11-01T13:52:25","date_gmt":"2018-11-01T08:22:25","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=36137"},"modified":"2018-11-01T13:52:25","modified_gmt":"2018-11-01T08:22:25","slug":"trade-deficit-widens-to-13-bn","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/trade-deficit-widens-to-13-bn\/","title":{"rendered":"Trade deficit widens to $13 bn\u00a0"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-business\/trade-deficit-widens-to-13-bn\/article19281941.ece\">Trade deficit widens to $13 bn<\/a><\/strong><\/p>\n<p>(Imports climb 19% in June, exports see slower growth)<\/p>\n<p><b>Context<\/b> <span style=\"font-weight: 400;\">Trade deficit widened to $ 12.95 billion, according to the data released by the Commerce Ministry on Friday.<\/span><\/p>\n<p><b>Introduction<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">With goods imports outpacing exports in June, trade deficit for the month widened to $12.95 billion. In June 2016, the goods deficit was only $8.1 billion.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Continuing with growth indicated since September 2016, goods exports in June 2017 rose 4.39% year \u2013on-year to $ 23.56 billion.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">However, imports in June jumped 19% to $36.5 billion.<\/span><\/li>\n<\/ul>\n<p><b>Commodity imports showing high growth<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Major commodity group of imports showing high growth in June were petroleum, crude and products (12.04%), electronic goods (24.22%), pearls, precious and semi-precious stones(86.31%), machinery, electrical and non-electrical (7.02%) and gold(102.99%).<\/span><\/li>\n<\/ul>\n<p><b>Implications<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">After showing a robust trend, India\u2019s export basket is showing sign of muted growth, though the engineering sector has maintained its vibrancy in June.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The currency impact in terms of stronger rupee hurting the exports is clearly visible in the form of shipments showing a negative growth, measured in Indian rupees.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Unabated global liquidity flows into Indian financial markets are casting a shadow on the competitiveness of Indian exports.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Trade deficit widens to $13 bn (Imports climb 19% in June, exports see slower growth) Context Trade deficit widened to $ 12.95 billion, according to the data released by the Commerce Ministry on Friday. Introduction With goods imports outpacing exports in June, trade deficit for the month widened to $12.95 billion. In June 2016, the&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/trade-deficit-widens-to-13-bn\/\">Continue reading <span class=\"screen-reader-text\">Trade deficit widens to $13 bn\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-36137","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704946694},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/36137","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\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=36137"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/36137\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=36137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=36137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=36137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}