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‘Trade deficit, rising anti-globalisation flagged’
India’s rising trade deficit and protectionist tendencies on the global front are areas to watch for in the short term, according to the Economic Survey released on Friday.
Many trade restrictive measures, including several types of non-tariff barriers (NTBs), restrictions on visas and risk of backlash against movement of persons add to a situation that is of growing concern, it said.
Stating that India’s share in global exports has stagnated at 1.7 per cent from 2011 to 2016 with intermittent falls to 1.6 per cent, the survey said there is a need for a well thought out strategy for the country to reach a “respectable share of at least 5 per cent”.
In the April-June period 2017-18, India’s trade deficit increased by 108.2 per cent with high import growth while export growth was moderate, it said.
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Sunday EditionView All
15 Jul 2018 | PTI | New Delhi
Amid row over alleged use of derogatory language in a web series while referring to former Prime Minister Rajiv Gandhi, Congress chief Rahul Gandhi on Saturday said the BJP and the RSS believe that freedom of expression must be policed, while he regards it as a fundamental democratic right. “My father lived and died in the service of India...
STATE EDITIONSView All
17 Jul 2018 | Staff Reporter | Bhopal
Phir Khule Akaash me Judde Ghataon Ke, Phir Hawaon Ke Dupatte Ho Gaye Jheene, a poetic event centered on creations about monsoon ‘Pranaam Pawas’ concluded in city. The event was organised by the Dushyant Kumar Memorial Manuscript Museum to welcome the monsoon season...