TaxTMI 
TaxTMI 
Decline in Trade
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....ecline in Trade <br>News and Press Release<br>Dated:- 20-12-2017<br><BR>The details of India's merchandise export and import in terms of both rupee and US dollar during the last four years and the current year are as follows: Years (Value in Rs. Crores) (Value in US$ million) Export Import Export Import 2013-14 19,05,011 27,15,434 3,14,416 4,50,214 2014-15 18,96,348 27,37,087 3,10,....
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....352 4,48,033 2015-16 17,16,378 24,90,298 2,62,290 3,81,007 2016-17 18,49,429 25,77,666 2,75,852 3,84,356 2016-17(Apr-Nov) 11,74,997 16,30,200 1,75,411 2,43,297 2017-18(Apr-Nov)* 12,67,771 19,13,047 1,96,482 2,96,459 Source: DGCI&S, Kolkata,(*Provisional) Out of the major 20 sectors, only three sectors have declining trend in India's export and three sectors have declining tr....
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....end in India's import during the current year 2017-18 (Apr-Oct) as compared to the corresponding period of the previous year, as detailed below: (Value in US$ Million) Sectors showing declining trend in Export Sectors 2016-17(Apr-Oct) 2017-18(Apr-Oct)* % Change Project Goods 17.05 3.31 -80.59 Office Equipments 63.77 52.67 -17.41 Gems & Jewellery 26,602.43 24,655.45 -7.32 Sectors....
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.... showing declining trend in Import Office Equipments 46.23 29.59 -35.99 Transport Equipments 10,145.37 8,133.37 -19.83 Marine Products 56.81 55.15 -2.92 Source: DGCI&S, Kolkata, (* Provisional) The main reasons for declining trend of exports/imports include global and domestic factors such as demand and supply in domestic and international markets, currency fluctuations, cost of cred....
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....it, logistics costs, etc. This information was given by the Commerce and Industry Minister Shri Suresh Prabhu in a written reply in Rajya Sabha today.<BR> News - Press release - PIB....