How India’s exports & imports have broken past trend, and what does that say about our trade deficit

India’s exports contracted in August, while imports surged. This breaks the trend in the recent past, and has meant our trade deficit has widened. Economist Radhika Pandey and Deputy Editor TCA Sharad Raghavan explore why this has happened in #MacroSutra.
---------------------------------------------------------------------------------------------
Exclusive content, special privileges & more - Subscribe to ThePrint for Special benefits: theprint.in/su...
---------------------------------------------------------------------------------------------
Connect with ThePrint
» Subscribe to ThePrint: theprint.in/su...
» Subscribe to our KZbin Channel: bit.ly/3nCMpht
» Like us on Facebook: / theprintindia
» Tweet us on Twitter: / theprintindia
» Follow us on Instagram: / theprintindia
» Find us on LinkedIn : / theprint
» Subscribe to ThePrint on Telegram: t.me/ThePrintI...
» Find us on Spotify: spoti.fi/2NMVlnB
» Find us on Apple Podcasts: apple.co/3pEOta8

[@nv9991]

PRINT has assembled an excellent team.

[@manojmalik6684]

She reminds me of Amy Farrah from Big Bang Theory

[@vasanthpragash854]

Amy Farrah Cooper?

[@kristainramar]

Gold imports got increased primarily because of the festival season ahead. And tax cut on gold impacted much on this.

[@CharlieChan-l6u]

You and you're Macro Sutra, the world environment is changing and will totally change - even school kids like me know that since 9-11

[@ananthaharijith1965]

Rahul Gandhi will look at the caste of those who import and export. Only Adivasis and OBCs are allowed to do business, all of India’s problems will be solved

[@vaibhavgupta20]

I do love the fear of God, Rahul Gandhi has put in BJP that almost every video has mention of Rahul Gandhi.

[@nv9991]

@@vaibhavgupta20 Town better fear an ultra-privileged socialist idiot. He can cause huge damage.

[@ananthaharijith1965]

@@vaibhavgupta20 89% reservation is the way forward. Should be extended to private sector. If Apple is unwilling to implement let them get out of India and go to Vietnam. Who cares? The exploitative private sector must be taught a lesson and kicked out of India.

[@vaibhavgupta20]

@@ananthaharijith1965 yes, bring up rahul gandhi in every video. it shows me bjp is truly scared and they might implement some pro middle class policies like reducing the taxes on petrol and stop the 10/15 year rule.

[@ananthaharijith1965]

@@vaibhavgupta20 Robert Vadra is also a great leader

[@bijoylaha7245]

Full focus on export

[@bosepukur]

@ThePrint all the analysis in export /import is on Goods export only ?

[@VikramB-k2o]

Can you please show some data charts rather than keep talking which would make the report more interactive

[@rajeshbobba3851]

We need to diversify exports basket

[@LikeDeep-q6w]

Ok. Will try starting next week.

[@Amit_Kumar_Trivedi]

India saw FII infliws of 8 billion dollars. Stable rupee means it has to be balanced somehow. That is bullion import increase or decrease. Include services export import data, foreign debt transaction and FII. This data suddenly starts to make sense Good thing is that we are transitioning to export of high value items.

[@rejijai9120]

thank you, some charts and diagrams would be helpful

[@rameshramakrishnan5801]

Is the increase in gold import due to the reduction in tax. Would this see a reduced god smuggling into India.

[@DileepKumar-qt9nd]

Nice ❤

[@sreenivasamadenahall]

Want to see more data visualisations than your faces, bodies and chairs. Please balance things to narrate stories effectively.

[@vasanthpragash854]

Agree strongly. Pictures and data tells the own stories.

[@thebestevertherewas]

Instead of discussing about useless topic like Imports\Exports , print should discuss more important topics like "Reservation" and why 90% of it will solve all of India's Problems !

[@jimkuan8493]

Chinese has a very acute observation of India: India is like a pile of mud. It is flat. It is unbearable in any index; be it hunger index or sanitation index. But it is very stable. It will remain a pile of mud as people within and without India do not expect much of it. So, it will exist like a stable pile of mud forever. And to an extent, the Indian ruling class, including the landlords and upper caste, want it that way. They don't not mind the people in lower caste suffer, as long as it is not to the point that instigate revolution. At the end, Indian elites and ruling classes will keep talking about Indian Rise. And they will keep talking about China Threat, or any external threats they can come up with. As long as they keep talking and keep sort of slightly moving forward, riding on the global social and technical progresses, IT IS GOOD ENOUGH. They actually don't want a hyper growth. Just enough to see movement is fine. Thus, you see foreign investments are being harassed by the Indian local governments and enterprises. They don't want that pile of mud to be disturbed.

[@xxyz2023]

We have irrational criticism & a culture of fear of failure. It's essential to recognize that public sector areas, run by the govt, are not ineffective compared to private sector, but any strict system or centralized system, is a poor environment for progress & innovation. During the cold war, US figured out that, you cannot copy Moore's law, so US bet on fail fast to create new advantages. The Soviets, with a rigid centralised system, wasted their brilliant scientists by copying after the US banned any sale of computers to Soviets. When people in high-ranking positions carry an old mindset, they like a controlling culture using fear in the system. This fear discourages individuals from taking risks, as they believe it may harm their career prospects. We need to change the fear that scientists/engineers/technicians/project managers have with public jobs, otherwise talented individuals will just go to the west with better scientific research facilities & far better pay. In US, they encourage you to fail fast, while in India we see that failure gets an over the top backlash & so our culture has a deep reluctance to risk-takers & fresh ideas. No nation will sell their key technologies. Approvals are meaningless, without funding. India's r&d has fallen to 0.6% of gdp. Israel spent 5.6% & s.Korea spent 4.9% on r&d of gdp.

[@mayurkanth6987]

For God's sake, show the real PROBLEM। just 2 states Maharashtra and Gujarat with just 19 Crore people out of 140 Crore do nearly 50% of India's Merchandise exports. What the hell are other states like up, buhar, bengal, odisha, andhra Kerala DOING ?? Nothing just being a termite

[@rishabgaba8586]

Kerala is a the biggest recipient of remittances from abroad so technically they have 14 to 23 billion dollar export of just that

[@arkabanerjee1627]

Bad news 😢 what about defence exports

[@LikeDeep-q6w]

No one is buying our weapons 😢

[@billubadshah897]

7% to 12% Gold Import is Unbelievable

[@Nidhin.chandrasekhar]

That’s pretty easy . Govt reduced the import duty finally . Now the smuggling has reduced extensively

[@whaddoiknow6519]

And the underlying cultural reason for it is deeply misguided in this century.

[@billubadshah897]

@whaddoiknow6519 No In India Gold & Physical Property is the Best to Beat Inflation ( Real Life Inflation )

[@whaddoiknow6519]

@@billubadshah897 Interesting point.

[@billubadshah897]

@whaddoiknow6519 Gold and India is a Part of Indian Culture