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Activity:
7 views;
last activity : 11 16 2010 12:54:52 +0000
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how to manage the growing trade deficit
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The cumulative imports for this April 10 to Oct 10 period went up to $194.2 billion leaving a large trade gap of $72.8 billion. Imports during the first seven month of this fiscal have grown by 26 per cent. This news had me worrying ,how would we manage the such a huge trade deficit that we have built.do we have enough foreign exchange to support it ,and if yes how long can we allow this to happen . when do we say enough we need to worry now. Almost 73 billion and each billion $ is almost 4500 crore.may be we have some contributions from NRI abroad which amounts to 55 billion still we would be way short,if it is not the investment from FII and others companies coming to invest in India we would be well short of foreign currency. do we need to go Desi again be Indian buy Indian.
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Sandesh good discussion. This issue should be taken into consideration very seriously because it gonna bring down the overall GDP of our economy. We find many news telling about the FDI benefits, then why is this happening. Is there an fault with the policies. I think the policies should be rewritten.
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