Exports take a beating under Modi

[SarthakGanguly]

I am trying to appear condescending because I do not want to be called a sanghi. Anyways at the end of the term we will see the results. But we need more than 5 years to see it in full but the trends at the end of 5 years should be positive.

If you are not a blind kejri or rahul fan you ARE a sanghi. Does not matter if you are Christian, atheist blah blah.

Exports also matter on supply and demand. The cement and steel demand in the country has shot up like anything. Naturally these are getting exported less. Remember we are now the second highest manufacturer of steel since November. There are so many internal projects that utilization has increased within the country. In the previous government era, raw materials were exported in great numbers because there was little going on here in terms of government projects. Plus there is corruption possible when you sell things out of the country. And as the world's most corrupt government in history they must have spread their wings there as well.

 

[Razia Sultana]

India. Land of Hindus ruled by feku. This was natural. We need the Harvard educated puppet back. Only This time the Prince should rule the roost.


No. She is completely wrong. Manufacturing, local industry has all seen a boost. Wholesale inflation in the other hand has become negative... The direct consequence is a fall in revenue from exports. The volume has increased. The price they fetched before was higher.

I really wish I am wrong but can you tell me what has boosted the manufacturing and local industry? Is it the slogan or something concrete? Inflation has reduced because of the drastic slash in oil prices globally. You mean to say that exports volume has actually grown but not the revenues? anything to support your statement?

India holds 'Make in India' fortnight in Germany - timesofindia-economictimes

Modi, Merkel to inaugurate Germany's Hanover Fair 2015 | Business Standard News

Well over all you are right, but it better to wait, rather than get impatient and do an Ukraine here and then suffer the consequences. They have 5 years total, lets wait and see. At the end, we, you and me will be the judge.

Thats a sales pitch. Where is the product improvement?
No one is going to pull him down from power, no one can until the next elections. But if you ask a student of political science to list down the steps taken by the Modi Govt. in his first year of rule to bolster the Indian economy, what is he supposed to answer other than the rhetoric?
I would rather like myself proven wrong than the govt. failing.

 

[OrionHunter]

I get away with it coz I'm smart

If you're so smart can you please tell us where the soon-to-become President of the Congress party, Rahul Baba is hiding? It's been 44 weeks and there's no sign of him!

He's probably disappeared in the Bermuda Triangle!! Sheeeesh!

 

[xuxu1457]

This is the Currency Exchange Rate of INR VS USD, EUR and CNY during the past year:

We can see how much influence INR‘Exchange Rate to trade, from the pics, exchange rate of INR can let export to US and China more and to UR less a little, if not that must be for other reasons

 

[SarthakGanguly]

I really wish I am wrong but can you tell me what has boosted the manufacturing and local industry? Is it the slogan or something concrete? Inflation has reduced because of the drastic slash in oil prices globally. You mean to say that exports volume has actually grown but not the revenues? anything to support your statement?


Thats a sales pitch. Where is the product improvement?
No one is going to pull him down from power, no one can until the next elections. But if you ask a student of political science to list down the steps taken by the Modi Govt. in his first year of rule to bolster the Indian economy, what is he supposed to answer other than the rhetoric?
I would rather like myself proven wrong than the govt. failing.

Give me some time razia... Will go home and post the links.

 

[kaku1]

I really wish I am wrong but can you tell me what has boosted the manufacturing and local industry? Is it the slogan or something concrete? Inflation has reduced because of the drastic slash in oil prices globally. You mean to say that exports volume has actually grown but not the revenues? anything to support your statement?


Thats a sales pitch. Where is the product improvement?
No one is going to pull him down from power, no one can until the next elections. But if you ask a student of political science to list down the steps taken by the Modi Govt. in his first year of rule to bolster the Indian economy, what is he supposed to answer other than the rhetoric?
I would rather like myself proven wrong than the govt. failing.

Indian manufacturing growth highest in Asia, but US, UK much better - Livemint

Factory activity accelerates in March as new orders pick up| Reuters

BTW If you want, then thats a good read
Why India’s economy isn’t imploding like every other emerging market – Quartz

 

[magudi]

https://twitter.com/x/status/581313600377073664

https://twitter.com/x/status/581314391825510400

Kiran Mazumdar-Shaw - Wikipedia, the free encyclopedia

 

[SarthakGanguly]

I really wish I am wrong but can you tell me what has boosted the manufacturing and local industry? Is it the slogan or something concrete? Inflation has reduced because of the drastic slash in oil prices globally. You mean to say that exports volume has actually grown but not the revenues? anything to support your statement?


Thats a sales pitch. Where is the product improvement?
No one is going to pull him down from power, no one can until the next elections. But if you ask a student of political science to list down the steps taken by the Modi Govt. in his first year of rule to bolster the Indian economy, what is he supposed to answer other than the rhetoric?
I would rather like myself proven wrong than the govt. failing.

I promised to provide two points.

Growth in Steel production
India on its way to be the second largest producer of steel in 2015-16: Study - timesofindia-economictimes
Steel Industry in India, Iron And Steel, Indian Steel Industry, Production

Growth in export volume (around 33%)
Export volume index (2000 = 100) | Data | Table

After sluggish 2014, India awaits 'promising' 2015 for exports - Business Today

Newest policy
Exports to get boost with new foreign trade policy - Business Today

For some Modi can't and didn't take credit. Anyway - policy paralysis is a malicious myth.

But the REAL reason is the demand within India -
Why?
kahonapyarhai missed these as well...
(Some examples)
1. Government gives green nod to Rs 6.31 lakh crore projects in June-December - timesofindia-economictimes

2. 12 projects get Green Panel nod, unlocking Rs 28K crore | The Indian Express

 

[temp1994]

The big change in India’s exports sector in the last 10 years is its composition.
The share of petroleum products in total exports in 2004-05 was only about eight per cent.
In 2014-15, petroleum products will account for over 20 per cent of India’s total exports. The change is largely attributed to the commissioning of huge crude oil refining capacities in the country by both private and public sector players.
But the implications of one-fifth of the country’s exports coming from petroleum products cannot be underestimated.

@gslv @ranjeet @uparyupari @Dr. Sen @KIND @Brahma Bull @IndoCarib @East or West India Best @Screambowl @suresh1773 @Razia Sultana @SarthakGanguly @magudi @OrionHunter @kaku1



I usually prefer not to post in threads started by him or to argue with Sonia's toilet slave @Guynextdoor2 , but since you people have not been able to provide proper reason for the quantitative fall of export (which was in the article itself), I have to pitch in eventually.


The reason for quantitative fall in exports is because of fall in crude prices. As stated in this article itself (ignored by slave @Guynextdoor2 ) , Petroleum products constitute 20% of India's export basket. The recent fall in Crude prices have lowered the prices of petroleum products. Thus for same amount of export, India is earning less in gross value. It does not mean that India is not making profit. Profit made from Petroleum export is same.


Whatever loss there is in Gross value of exports is more than being compensated by decrease in gross value of crude imports.The petroleum refining sector was developed by India as a foreign exchange hedge for high crude prices. We should pray for this type of decrease in exports.


Whenever crude prices would decrease, gross value of both our imports and exports would decrease. And whenever they increase, value of both would increase. But on the balance, fall in crude prices is good for us as we import crude not only for the purpose of export, but for internal consumption also.

 

[KIND]

@gslv @ranjeet @uparyupari @Dr. Sen @KIND @Brahma Bull @IndoCarib @East or West India Best @Screambowl @suresh1773 @Razia Sultana @SarthakGanguly @magudi @OrionHunter @kaku1



I usually prefer not to post in threads started by him or to argue with Sonia's toilet slave @Guynextdoor2 , but since you people have not been able to provide proper reason for the quantitative fall of export (which was in the article itself), I have to pitch in eventually.


The reason for quantitative fall in exports is because of fall in crude prices. As stated in this article itself (ignored by slave @Guynextdoor2 ) , Petroleum products constitute 20% of India's export basket. The recent fall in Crude prices have lowered the prices of petroleum products. Thus for same amount of export, India is earning less in gross value. It does not mean that India is not making profit. Profit made from Petroleum export is same.


Whatever loss there is in Gross value of exports is more than being compensated by decrease in gross value of crude imports.The petroleum refining sector was developed by India as a foreign exchange hedge for high crude prices. We should pray for this type of decrease in exports.


Whenever crude prices would decrease, gross value of both our imports and exports would decrease. And whenever they increase, value of both would increase. But on the balance, fall in crude prices is good for us as we import crude not only for the purpose of export, but for internal consumption also.

Thanks for taking time to explain. OP is blinded by hatred towards a particular regime. So it was expected.I hope in future we avoid his childish posts.

I really wish I am wrong but can you tell me what has boosted the manufacturing and local industry? Is it the slogan or something concrete? Inflation has reduced because of the drastic slash in oil prices globally. You mean to say that exports volume has actually grown but not the revenues? anything to support your statement?


Thats a sales pitch. Where is the product improvement?
No one is going to pull him down from power, no one can until the next elections. But if you ask a student of political science to list down the steps taken by the Modi Govt. in his first year of rule to bolster the Indian economy, what is he supposed to answer other than the rhetoric?
I would rather like myself proven wrong than the govt. failing.

Very nice point. Unlike OP , lady knows how to reply. Btw I am sure you would appreciate atleast the effort while we all are hoping for exciting times ahead. Its better to fail trying rather not trying at all.

 

[East or West India Best]

@gslv @ranjeet @uparyupari @Dr. Sen @KIND @Brahma Bull @IndoCarib @East or West India Best @Screambowl @suresh1773 @Razia Sultana @SarthakGanguly @magudi @OrionHunter @kaku1



I usually prefer not to post in threads started by him or to argue with Sonia's toilet slave @Guynextdoor2 , but since you people have not been able to provide proper reason for the quantitative fall of export (which was in the article itself), I have to pitch in eventually.


The reason for quantitative fall in exports is because of fall in crude prices. As stated in this article itself (ignored by slave @Guynextdoor2 ) , Petroleum products constitute 20% of India's export basket. The recent fall in Crude prices have lowered the prices of petroleum products. Thus for same amount of export, India is earning less in gross value. It does not mean that India is not making profit. Profit made from Petroleum export is same.


Whatever loss there is in Gross value of exports is more than being compensated by decrease in gross value of crude imports.The petroleum refining sector was developed by India as a foreign exchange hedge for high crude prices. We should pray for this type of decrease in exports.


Whenever crude prices would decrease, gross value of both our imports and exports would decrease. And whenever they increase, value of both would increase. But on the balance, fall in crude prices is good for us as we import crude not only for the purpose of export, but for internal consumption also.

Great work. Is it possible for you to show exports if crude oil was selling at 2013-2014 prices?

 

[OrionHunter]

@gslv @ranjeet @uparyupari @Dr. Sen @KIND @Brahma Bull @IndoCarib @East or West India Best @Screambowl @suresh1773 @Razia Sultana @SarthakGanguly @magudi @OrionHunter @kaku1



I usually prefer not to post in threads started by him or to argue with Sonia's toilet slave @Guynextdoor2 , but since you people have not been able to provide proper reason for the quantitative fall of export (which was in the article itself), I have to pitch in eventually.


The reason for quantitative fall in exports is because of fall in crude prices. As stated in this article itself (ignored by slave @Guynextdoor2 ) , Petroleum products constitute 20% of India's export basket. The recent fall in Crude prices have lowered the prices of petroleum products. Thus for same amount of export, India is earning less in gross value. It does not mean that India is not making profit. Profit made from Petroleum export is same.


Whatever loss there is in Gross value of exports is more than being compensated by decrease in gross value of crude imports.The petroleum refining sector was developed by India as a foreign exchange hedge for high crude prices. We should pray for this type of decrease in exports.


Whenever crude prices would decrease, gross value of both our imports and exports would decrease. And whenever they increase, value of both would increase. But on the balance, fall in crude prices is good for us as we import crude not only for the purpose of export, but for internal consumption also.

I don't think the OP knows the economics of it all. He has just cut and pasted some silly article written by some goof who knows zilch about how the economy works, but clutches at straws to try and bash Modi and the BJP with. These Congresswallahs need to pipe down. They're just making a fool of themselves.

 

[Ammyy]

I don't think the OP knows the economics of it all. He has just cut and pasted some silly article written by some goof who knows zilch about how the economy works, but clutches at straws to try and bash Modi and the BJP with. These Congresswallahs need to pipe down. They're just making a fool of themselves.

Actually these are not even loyal to congress dnt you see delhi election

If any party from Pakistan fought against BJP then these shameless creature will vote for them as well


@Guynextdoor2 what you say?

 

[uparyupari]

@gslv @ranjeet @uparyupari @Dr. Sen @KIND @Brahma Bull @IndoCarib @East or West India Best @Screambowl @suresh1773 @Razia Sultana @SarthakGanguly @magudi @OrionHunter @kaku1



I usually prefer not to post in threads started by him or to argue with Sonia's toilet slave @Guynextdoor2 , but since you people have not been able to provide proper reason for the quantitative fall of export (which was in the article itself), I have to pitch in eventually.


The reason for quantitative fall in exports is because of fall in crude prices. As stated in this article itself (ignored by slave @Guynextdoor2 ) , Petroleum products constitute 20% of India's export basket. The recent fall in Crude prices have lowered the prices of petroleum products. Thus for same amount of export, India is earning less in gross value. It does not mean that India is not making profit. Profit made from Petroleum export is same.


Whatever loss there is in Gross value of exports is more than being compensated by decrease in gross value of crude imports.The petroleum refining sector was developed by India as a foreign exchange hedge for high crude prices. We should pray for this type of decrease in exports.


Whenever crude prices would decrease, gross value of both our imports and exports would decrease. And whenever they increase, value of both would increase. But on the balance, fall in crude prices is good for us as we import crude not only for the purpose of export, but for internal consumption also.

I was not really interested in replying to his hate posters. If anybody sensible had asked, I would have given a detailed explanation.

End of the day, Exports cannot be bumped up in a year. I would like to give him 3 years and if the export has still not gone up, then its fair to criticise Modi.

Finally, overall GDP growth is much more important than just export.

 

[Guynextdoor2]

@gslv @ranjeet @uparyupari @Dr. Sen @KIND @Brahma Bull @IndoCarib @East or West India Best @Screambowl @suresh1773 @Razia Sultana @SarthakGanguly @magudi @OrionHunter @kaku1



I usually prefer not to post in threads started by him or to argue with Sonia's toilet slave @Guynextdoor2 , but since you people have not been able to provide proper reason for the quantitative fall of export (which was in the article itself), I have to pitch in eventually.


The reason for quantitative fall in exports is because of fall in crude prices. As stated in this article itself (ignored by slave @Guynextdoor2 ) , Petroleum products constitute 20% of India's export basket. The recent fall in Crude prices have lowered the prices of petroleum products. Thus for same amount of export, India is earning less in gross value. It does not mean that India is not making profit. Profit made from Petroleum export is same.


Whatever loss there is in Gross value of exports is more than being compensated by decrease in gross value of crude imports.The petroleum refining sector was developed by India as a foreign exchange hedge for high crude prices. We should pray for this type of decrease in exports.


Whenever crude prices would decrease, gross value of both our imports and exports would decrease. And whenever they increase, value of both would increase. But on the balance, fall in crude prices is good for us as we import crude not only for the purpose of export, but for internal consumption also.

Shoooo......

I was not really interested in replying to his hate posters. If anybody sensible had asked, I would have given a detailed explanation.

End of the day, Exports cannot be bumped up in a year. I would like to give him 3 years and if the export has still not gone up, then its fair to criticise Modi.

Finally, overall GDP growth is much more important than just export.

Shoooo.......