{"id":20349,"date":"2017-01-14T10:16:28","date_gmt":"2017-01-14T10:16:28","guid":{"rendered":"https:\/\/www.edristi.in\/?p=20349"},"modified":"2017-01-14T10:17:05","modified_gmt":"2017-01-14T10:17:05","slug":"indias-foreign-trade-december-2016","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/indias-foreign-trade-december-2016\/","title":{"rendered":"INDIA\u2019S FOREIGN TRADE: December, 2016"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: Going by the India\u2019s Foreign Trade Data, India\u2019s overall trade balance in 2016 has-<\/strong><br \/>\n(a) worsen<br \/>\n(b) improved<br \/>\n(c) unchanged<br \/>\n(d) None of the above.<br \/>\n<strong>Ans:(b)<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>In consonance with the revival exhibited by exports in the last three months, during December,2016 exports continue to show a positive growth of 5.72 per cent (valued at US$ 23884.97 million) and 7.79 per cent in Rupee terms (valued at Rs. 162179.89 crore) as compared to US$ 22593.35 million (Rs. 150461.57 crore) during December,2015.<\/li>\n<li>Cumulative value of exports for the period April-December 2016-17 was US$ 198807.75 million (Rs. 1333913.57 crore) as against US$ 197333.62 million (Rs. 1278004.37 crore) registering a positive growth of 0.75 per cent in Dollar terms and positive growth of 4.37 per cent in Rupee terms over the same period last year.<\/li>\n<li>Non-petroleum exports in December 2016 were valued at US$ 21117.73 million against US$ 20036.19 million in December 2015, an increase of 5.4 %. Non-petroleum exports during April &#8211; December 2016-17 were valued at US$ 176831.24 million as compared to US$ 172960.12 million for the corresponding period in 2015, an increase of 2.2%.<\/li>\n<li>The growth in exports is negative for USA (-1.21%), China (-7.45%) and EU (-6.27%) but exhibited positive growth in case of Japan (3.79%) for October 2016 over the corresponding period of previous year as per latest WTO statistics.<\/li>\n<li>Imports during December 2016 were valued at US$ 34254.32 million (Rs. 232588.18 crore) which was 0.46 per cent higher in Dollar terms and 2.43 per cent higher in Rupee terms over the level of imports valued at US$ 34096.49 million (Rs. 227067.28 crore) in December, 2015.<\/li>\n<li>Cumulative value of imports for the period April-December 2016-17 was US$ 275355.92 million (Rs. 1848099.10 crore) as against US$ 297410.85 million (Rs. 1926024.55 crore) registering a negative growth of 7.42 per cent in Dollar terms and 4.05 per cent in Rupee terms over the same period last year.<\/li>\n<li>Oil imports during December, 2016 were valued at US$ 7645.42 million which was 14.61 percent higher than oil imports valued at US$ 6670.61 million in December 2015.<\/li>\n<li>Oil imports during April-December, 2016-17 were valued at US$ 60921.83 million which was 10.76 per cent lower than the oil imports of US$ 68267.37 million in the corresponding period last year.<\/li>\n<li>Non-oil imports during December, 2016 were estimated at US$ 26608.90 million which was 2.98 per cent lower than non-oil imports of US$ 27425.88 million in December, 2015.<\/li>\n<li>Non-oil imports during April-December 2016-17 were valued at US$ 214434.09 million which was 6.42 per cent lower than the level of such imports valued at US$ 229143.48 million in April-December, 2015-16.<\/li>\n<li>TRADE IN SERVICES (for November, 2016, as per the RBI)<\/li>\n<li>EXPORTS (Receipts)<\/li>\n<li>Exports during November 2016 were valued at US$ 13338 Million (Rs. 90199.16 Crore) registering a positive growth of 1.72 per cent in dollar terms as compared to negative growth of 4.79 per cent during October 2016.<\/li>\n<li>IMPORTS (Payments)<\/li>\n<li>Imports during November 2016 were valued at US$ 8323 Million (Rs. 56284.87 Crore) registering a positive growth of 8.37 per cent in dollar terms as compared to negative growth of 7.51 per cent during October 2016.<\/li>\n<li>TRADE BALANCE<\/li>\n<li>The trade deficit for April-December, 2016-17 was estimated at US$ 76548.17 million which was 23.51% lower than the deficit of US$ 100077.23 million during April-December, 2015-16.<\/li>\n<li>As per RBI\u2019s Press Release dated 13th January 2017, the trade balance in Services (i.e. net export of Services) for November, 2016 was estimated at US$ 5015 million.<\/li>\n<li>The net export of services for April- November, 2016-17 was estimated at US$ 42806 million which is lower than net export of services of US$ 46706 million during April- November, 2015-16.<\/li>\n<li>Overall the trade balance has improved. Taking merchandise and services together, overall trade deficit for April- December 2016-17 is estimated at US$ 33742.17 million which is 36.78 percent lower in Dollar terms than the level of US$ 53371.23 million during April-December 2015-16.<\/li>\n<\/ul>\n<div data-WRID=\"WRID-148429968628386238\" data-widgetType=\"staticBanner\"  data-class=\"affiliateAdsByFlipkart\" height=\"60\" width=\"468\"><\/div>\n<p><script async src=\"\/\/affiliate.flipkart.com\/affiliate\/widgets\/FKAffiliateWidgets.js\"><\/script><\/p>\n<p style=\"text-align: justify;\">\n<strong>Reference:<\/strong><br \/>\n<a href=\"http:\/\/pib.nic.in\/newsite\/PrintRelease.aspx?relid=157333\" target=\"_blank\">http:\/\/pib.nic.in\/newsite\/PrintRelease.aspx?relid=157333<\/a><br \/>\n<a href=\"https:\/\/www.rbi.org.in\/\" target=\"_blank\">https:\/\/www.rbi.org.in\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Going by the India\u2019s Foreign Trade Data, India\u2019s overall trade balance in 2016 has- (a) worsen (b) improved (c) unchanged (d) None of the above. Ans:(b) In consonance with the revival exhibited by exports in the last three months, during December,2016 exports continue to show a positive growth of 5.72 per cent (valued at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":20350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-20349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/20349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=20349"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/20349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/20350"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=20349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=20349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=20349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}