🔶EXPORT
Outbound shipments from India grew at the slowest pace at $33 billion in August- down 1 per cent compared to past year.
♦Data on Exports
- On a sequential basis, exports fell 9 per cent from $36.27 billion in July.
- On a cumulative basis, India exported goods worth $192 billion during April-August period, up 17.1 per cent year-on-year (y-o-y).
Contraction in key drivers of export growth
- Engineering goods: 14.59%
- Gems and jewellery by 4.08%
- Cotton yarn by 32.32%
Items which witnessed growth
- Petroleum products grew at 9.18%
- Chemicals: 8.03%
- Electronic goods: 46.09%
- Rice: 30.88%
Data on Imports
- Imports remained elevated at $61.68 billion in August, 45.09 per cent y-o-y, as India stocked up coal and petroleum products for energy security.
- On a sequential basis, the value of inbound shipments declined by 7 per cent.
Data on Trade Deficit
- Trade deficit eased to $28.68 billion, but remained elevated in August.
- In July, the deficit had hit a record high of $30 billion.
Observations as per current trends
- Based on the current trends, and on a conservative basis, Indian exports will cross $750 billion in FY23, compared to $676 billion in FY22.
Outbound shipments from India grew at the slowest pace at $33 billion in August- down 1 per cent compared to past year.
♦Data on Exports
- On a sequential basis, exports fell 9 per cent from $36.27 billion in July.
- On a cumulative basis, India exported goods worth $192 billion during April-August period, up 17.1 per cent year-on-year (y-o-y).
Contraction in key drivers of export growth
- Engineering goods: 14.59%
- Gems and jewellery by 4.08%
- Cotton yarn by 32.32%
Items which witnessed growth
- Petroleum products grew at 9.18%
- Chemicals: 8.03%
- Electronic goods: 46.09%
- Rice: 30.88%
Data on Imports
- Imports remained elevated at $61.68 billion in August, 45.09 per cent y-o-y, as India stocked up coal and petroleum products for energy security.
- On a sequential basis, the value of inbound shipments declined by 7 per cent.
Data on Trade Deficit
- Trade deficit eased to $28.68 billion, but remained elevated in August.
- In July, the deficit had hit a record high of $30 billion.
Observations as per current trends
- Based on the current trends, and on a conservative basis, Indian exports will cross $750 billion in FY23, compared to $676 billion in FY22.
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(PARAKH )The Union government plans to create a benchmark framework for assessing students at the secondary and higher secondary levels, with an aim is to achieve uniformity among state and central boards.
PARAKH - Performance Assessment, Review and Analysis of Knowledge for Holistic Development is the proposed regulator.
🔶National Education Policy (NEP) 2020
#HappyTeachersDay
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