‘India’s trade deficit widens’ has been the widespread word, with the latest report from India’s Ministry of Commerce Directorate General of Commercial Intelligence and Statistics. Here’s the story numerically: exports in October totaled $23.2 billion, while imports were $44.2 billion, creating a deficit of $21 billion, a 16 percent increase compared to September’s activities. Annually, the current account deficit is $78.2 billion, or 4.2 percent of gross domestic product, compared with 2011’s $45.9 billion, or 2.7 percent of GDP.
For those outside India, it’s apparent the country’s appetite for internationally-sourced business and consumer goods is booming. The BRIC’s ‘I’ is on-the-grow; their civic aggressiveness for out-of-country capital is fostering its continuation, and the world’s enthusiastically engaging their interest. We’re witnessing an international economic catalyst. Are you participating? Is your supply chain optimized to minimize shipping costs to maximize profits?
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