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all 33 comments
[–]mean_medianHere's to the mess we make 18 points19 points20 points  (2 children)
Bhai agar photo post kr rhe ho to source ka link bhi diya karo
Edit: The photu is chutiya photu tbh. India's export Petroleum products grew volume wise by 8% and fell value wise by 44% in 2015-16 so its just one of those things where what is shown isn't important but what is hidden. For more information on global trade growth look for ribiy's edit
[–]Redgrain4NCT of Delhi [score hidden]  (0 children)
This is nonsense, ex-petroluem Indian exports shrank too.
Finally non petroleum volumes.
Take non-petroleum product exports. In January, these totalled $19.12 billion, about 10.5% down from a year ago. Several manufactured goods industries reported this decline. Engineering goods exports fell by more than a quarter, textiles by 6.1% and leather by 12.1%.
Welcome to the NBA son.
Oh btw while Vietnams exports based on textiles increased. India's declined.
[–]sniffs_ur_boobies 2 points3 points4 points  (1 child)
Modiji is bringing back the goods.
Seriously though, if it's true reputable sources would be screaming off their lungs. This​ seems like a whatsapp forward.
[–]ribiyVadra Lao Desh Bachao 10 points11 points12 points  (15 children)
Is it value-wise or volume-wise?
Edit: It's most likely is value-wise. So let's look at the global trade growth during the corresponding periods.
During 1999-2004 (Vajapayee era) the Exports worldwide grew by 10% pa. During 2004-2013 exports grew by 8% per year. During 2013-2016 (Modi era) global exports, value wise, declined by 12%.
Source for Global trade growth 1999-2015- P130-pdf. 2016 fugues not available yet, but safe to assume a 1.7% growth over 2015.
[–]-shaktiman-Geeta vishwas, I love you 6 points7 points8 points  (1 child)
It was posted by congress Facebook page, so it might as well be export in one category only instead of total export.
[–]ribiyVadra Lao Desh Bachao 6 points7 points8 points  (0 children)
Oh, people still go to Congress FB page!
[–]Randiathrowaway17 0 points1 point2 points  (8 children)
Excuses.
Vietnam and Bangladesh, both peer competitors to India, increased their exports in value terms during 2014 and 2015.
We still don't have the updated 2016 data sets from the WB, but according to the national statistical agencies of both countries, the trend continued for both of them last year. For India, 2016 ended on a negative note as well, despite the mild recovery in H2, it didn't manage to offset the bigger decline in H1.
If you're going to shill at least be intelligent first.
[–]ribiyVadra Lao Desh Bachao -2 points-1 points0 points  (7 children)
India exports lot of petroleum products and other commodities, values of which crashed in 2014-2016. Bangladesh is almost all textiles. Vietnam too is huge in textiles.
[–]Redgrain4NCT of Delhi [score hidden]  (5 children)
Yeah how does that explain 50% of the main sectors in decline?
[–]ribiyVadra Lao Desh Bachao [score hidden]  (4 children)
Let's look at the article you quoted earlier and then deleted (while I was typing away to glory):
Of the five sectors:
  1. Petroleum - Proves my point. Exports were down 45% in FY16 because of price declines. Please note Petroleum products have been the biggest export item traditionally for India.
  2. Rice- As the article states "Softening of global rice prices - other major rice exporting nations such as Vietnam and Thailand also experienced the same - was the major culprit.". Please notice Vietnam also suffered.
  3. Iron - Ore- Again a commodity and price decline caused it. Add the Court bans due to UPA ear policies, which is now restarting.
As for Bangladesh again, textiles is 90% of exports. Indiain textile (apparel, cotton etc) exports grew during the 2014-16 period.
One can check the detials here. http://commerce.gov.in/EIDB.aspx
[–]Redgrain4NCT of Delhi [score hidden]  (3 children)
Notice with 16,000 crore in petroleum products 32000 before the price decline.
  1. Engineering Goods The exports in this sector declined by 6.3 per cent to Rs 29,780 crore in October 2015 from Rs 31,784 crore in October 2014. Considering that a quarter of our engineering goods are targeting the Chinese market, a slump in demand from China triggered the decline.
That engineering goods is 29000 crore twice as much as petroleum exports. Even with a 54% decline in prices you'd see similar levels of exports.
  1. Gems & Jewellery A 76.56 per cent decline from Rs 24,530 crore to Rs 22, 676 crore in October 2015 had a negative impact on overall export growth figures of the country. Economic slowdown in Europe is one of the reasons for less demand for precious metal product
Notice gems and jewels is almost of similar value as petroleum when prices were higher.
Then we come to this year Dec.
fifteen sectors are in decline out of 30. Want to explain this one?
So with Vietnam what you're essentially saying is Vietnams economy is competitive India's is not.
INdia's biggest services exports is significantly slowing down too. Not declining sure. But becoming uncompetitive.
Furthermore volumes fall for non petroleum :
Take non-petroleum product exports. In January, these totalled $19.12 billion, about 10.5% down from a year ago. Several manufactured goods industries reported this decline. Engineering goods exports fell by more than a quarter, textiles by 6.1% and leather by 12.1%.
Spices a key export :
All this is non petroleum exports.
Notice textiles fell too.
[–]ribiyVadra Lao Desh Bachao [score hidden]  (2 children)
The figures of decline in gems and jewellery segment is wrong in the article.
I said other commodities apart from petroleum as well.
That meant iron ore, copper and chemical intermediaries as well as some engineering goods (which have higher metal component and less value add) all suffered due to the Commodity complex crashing.
You said December data. I say look at Jan and Feb. Exports have risen smartly this year.
[–]Redgrain4NCT of Delhi [score hidden]  (1 child)
'Smartly' risen for one month after declining 'smartly' for years. Well done. Too bad they wern't 'smart' enough to be competitive through and through when plenty else were doing fine. Despite a lack of currency crash which makes exports more competitive.
The point is every major export has declined, and major industries like Software are falling.
We'll see what happens this year too.
Point being worst five years for export within the last three regimes and that too despite UPA-2 facing a global crisis.
Btw why did textiles decline if Vietnams were doing so well?
[–]ribiyVadra Lao Desh Bachao [score hidden]  (0 children)
Textile did not decline. Did you not read my comment.
Don't look at newspaper data. Look at the data on the government site I linked earlier.
[–]mesocriticsManipur -2 points-1 points0 points  (1 child)
Lmfao mallu Christian tries his trick gets pawned :D
[–]Randiathrowaway17 1 point2 points3 points  (0 children)
Why are you mixing religion into this? As if India didn't have enough scums and religious bigots like you.
[–]badbola 6 points7 points8 points  (0 children)
Aisa nahi ke thoda vikas.
Itna vikas ?
Matlab ITNA vikas ?
BC ITNA VIKAS ?
[–]pikettierUniverse [score hidden]  (0 children)
It seemed fishy how 14.8% and 19.1% have equal heights in bar chart so I checked data from other source. http://www.tradingeconomics.com/india/exports
Exports were at record high USD300 Billion in march 2013 and hovered around 280 billion till a few months into Modi's administration. This perfectly coincides with the period when INR was loosing value against dollar and in the same period INR was a record low against dollar also. And low value of a particular country's currency makes it's exports cheaper hence more competitive in international markets. So it isn't because of Modi's ineffective policies that exports have dropped to 250 Billion now, our currency is gaining value against USD and is stronger now, hence our products more expensive in international markets so less exports.
[–]indianego comment score below threshold-7 points-6 points-5 points  (6 children)
Vajpayee built a solid foundation on which Manmohan prospered, but it started falling apart in his second term and they looted the nation giving Modi a economy in shambles... by the time Modis first term is over you can see it improving a lot.
[–]1foobarMandir wahin banayenge ! 7 points8 points9 points  (4 children)
i think it would take more than two terms for modiji to undo the damage done by UPA policies. Modiji has the support of people. People have supported congress for 60 years, now its modiji's turn for the next 60 years.
[–]slamdunk6662003 2 points3 points4 points  (2 children)
Is he going to live till 126?
[–]1foobarMandir wahin banayenge ! 4 points5 points6 points  (0 children)
It has been pointed out by experts that Modiji is Vishnu Avatar so anything is possible.
[–]sniffs_ur_boobies 2 points3 points4 points  (0 children)
Modiji doesn't participate in sax. Doesn't eat meat. Does Yoga. Uses only Patanjali products.
YOU DO THE MATH
[–]Tengakola [score hidden]  (0 children)
Wonder what Vajpayee inherited? A pit I would assume since he laid the foundation, yet he pulled off impressive growth figures ( one wonders how!)
[–]Bustcratch -2 points-1 points0 points  (0 children)
Importance of exports to overall growth of a huge market like India is always a question mark.
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