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India exports collapse in January 2009
business-standard.com ^

Posted on 02/06/2009 4:54:30 AM PST by ff52051

A dip in petroleum product exports for the first time in the current fiscal has contributed to a 22 per cent decline in merchandise exports in January, commerce ministry data reveals.

Other main products india export, such as: basic chemicals, textiles, gems and jewellery — that account for around 70 of merchandise exports led the dip in dollar-denominated exports in January 2009.

India rupee also collapse, depreciated over 20 per cent in annual terms against the dollar.

For more, check the source.


TOPICS: Business/Economy
KEYWORDS: chicomtroll; collapse; economy; india; troll; zot
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1 posted on 02/06/2009 4:54:30 AM PST by ff52051
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To: ff52051

Coupling this economic slow down with obama’s antagonistic foreign policy towards India could leave us partially isolated from the world’s largest democracy.


2 posted on 02/06/2009 4:58:18 AM PST by allmost
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To: allmost

The poster of this article is a Commie. Don’t be surprised when you check his posting history.


3 posted on 02/06/2009 5:02:08 AM PST by MyTwoCopperCoins
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To: allmost

Judging by the numbers, the more likely scenario is that they will reach the abyss faster than the US.


4 posted on 02/06/2009 5:02:45 AM PST by ff52051
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To: MyTwoCopperCoins

The article is written by an Indian reporter, and the numbers are from the India government.

I bet the Indian reporter, the india government and even the numbers themselves are also commies.


5 posted on 02/06/2009 5:07:07 AM PST by ff52051
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To: ff52051

I was going to read further into the numbers but your link leads to “ Sorry News Not Available “.


6 posted on 02/06/2009 5:07:08 AM PST by allmost
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To: allmost

It seems that they change the address for this article or has removed the article to save their faces.

Anyway the keywords of the article is:

Indian exports January

So you can always using a searching engine.

For instance, the article can be found here, another india news website:

http://www.rediff.com/money/2009/feb/06indian-exports-dipped-in-january.htm


7 posted on 02/06/2009 5:10:57 AM PST by ff52051
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To: ff52051

The main thing India exports is labor. Either labor that works in the oil rich Persian Gulf countries or labor for IT and customer service center outsourcing. So a collapse in merchandise exports could be a mere drop in the bucket for the Indian economy.


8 posted on 02/06/2009 5:12:33 AM PST by LuxAerterna
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To: ff52051
It seems that they change the address for this article or has removed the article to save their faces.

Bwahahahaha! Dude, in India, everything gets published; the news be good or bad. Unlike China, where the incident regarding the shoe thrown at the Chinese leader was not even known to most inside China, because of their massive internet censorship.

I know what you're going to do next, but I'm prepared. Baidu links, incoming!

9 posted on 02/06/2009 5:14:42 AM PST by MyTwoCopperCoins
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To: LuxAerterna

Merchandise exports account for 15%-20% of India’s GDP.


10 posted on 02/06/2009 5:16:10 AM PST by ff52051
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To: MyTwoCopperCoins

In China, CCTV shows the shoe-throwing news in great detail:

http://news.sina.com.cn/c/2009-02-05/024217149940.shtml

Here is the CCTV’s daily news on 02/03/2009 (the most popular news programme in China): http://video.sina.com.cn/news/c/v/2009-02-03/191630242.shtml.

Wen Jiabao gave the talk in the afternoon of 02/02/2009 in the UK, 02/02/09 afternoon in UK = 02/03/09 in China, so it seems that the CCTV report this news at the same day as the shoe-throwing occurs, how faster can we be?

And there are many other sources/follow-up regarding this shoe-throwing news:

http://news.sina.com.cn/c/2009-02-05/193617156254.shtml

And if you go baidu, which is, at least in China, basiclly =Google, there are zillion searching results regarding this news again:

http://www.baidu.com/s?wd=%C8%D3%D0%AC+%CE%C2%BC%D2%B1%A6

Any sane ones can figure it out that our government dont even need to hide such pathetic news, its not like the west-style democrazy has any market in China anyways, so next time learn to use some common sense instead of believing anything your funny media feed you.


11 posted on 02/06/2009 5:19:29 AM PST by ff52051
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To: LuxAerterna
GDP (official exchange rate):
$1.237 trillion (2008 est.)
GDP (purchasing power parity):
$3.319 trillion (2008 est.)
Exports:
$175.7 billion f.o.b. (2008 est.)

 

 

So, exports comprise 175.7/1237*100 = 14.2%, Exchange-rate wise, or

                           175.7/3319*100 = 5.2%, PPP-wise.

 

CIA World Factbook

https://www.cia.gov/library/publications/the-world-factbook/geos/in.html#Econ

 

12 posted on 02/06/2009 5:21:20 AM PST by MyTwoCopperCoins
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To: allmost

Your use of the word “coupling” made me think of Peter Schiff, who has come to be regarded as something of an economic sage by many, why I’m not so sure. He called the housing bust, along with anyone who was paying attention. Woo-hoo.

But, he has been spectacularly wrong on several fronts. People who focus on his prognostications for the United States miss the big picture on Schiff.

How’s that “decoupling” thang going there, Peter? Not so “prescient,” huh?


13 posted on 02/06/2009 5:22:18 AM PST by RegulatorCountry
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To: ff52051

What is your native language? It’s not English.


14 posted on 02/06/2009 5:22:43 AM PST by RegulatorCountry
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To: MyTwoCopperCoins

Exports/Goods are payed by currency measured by exchange rate, not PPP rate.

So of cause exports account for 15% of your economy, thanks for providing the evidence to back me up btw.


15 posted on 02/06/2009 5:24:40 AM PST by ff52051
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To: RegulatorCountry

Of cause not english, I am in Beijing.


16 posted on 02/06/2009 5:26:08 AM PST by ff52051
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To: ff52051
What Shoe? China Censors News of Attack on Premier

FOX News.com

China's foreign ministry and media on Tuesday denounced a man who hurled his shoe at the country's premier and called him a dictator on a visit to Britain, all while avoiding explicit descriptions of the protest itself.

Foreign Ministry spokeswoman Jiang Yu called the disruption of Premier Wen Jiabao's speech "despicable" during a press conference but said it would not "stem the tide of friendly relations between China and Britain." She didn't mention shoes.

Unlike the now-famous incident when an Iraqi reporter threw his shoes at former President George W. Bush in December, covered widely not only in China but around the world, state-run newspapers and Web sites in China carried stories on Wen's speech but did not directly mention the shoe-throwing.

China's state-run CCTV network reported Foreign Ministry comments, which acknowledged a "disturbance" during the speech, but made no mention a shoe had been thrown at Wen.

The official Xinhua News Agency issued a story saying that Britain apologized for an incident and that China had "expressed its strong feelings against the occurrence of the incident." However, it did not say what the incident was.

China keeps a tight grip on its media, blocking any content deemed as a challenge or insulting to the ruling Communist Party or the country's leaders.

In the live broadcast of the speech on CCTV's Web site, the camera remains fixed on Wen, not showing the shoe or the protester, although his remarks and the sound of the shoe hitting the stage can be heard. Wen pauses, glances sideways as the shoe hits the stage, and then continues his speech.

"Teachers and students, this kind of dirty trick cannot stop the friendship between the Chinese and the British people," Wen said, followed by applause.

China also monitors and censors the Internet though because of the sheer volume of the country's online content ? the country has 298 million Web users ? it's harder to control than the media.

Many comments concerning Wen's shoe incident had been deleted from bulletin boards and chat rooms Tuesday. Those that remained were nationalistic in tone.

"The uncompromising Iraqi people threw a shoe at Bush which is a brave act by a suppressed nation," said one comment on the tiexue.net bulletin board. "But the ugly Englishman threw a shoe at Wen, which was only a barbaric trick."

The shoe-throwing incident came at the end of Wen's a three-day visit to Britain that was dogged by demonstrations over human rights and Chinese policy in Tibet. Wen returned to Beijing Tuesday.

The protester leapt from his seat near the back of a crowded auditorium at Cambridge University, blew a whistle and yelled that Wen was a "dictator" before throwing a shoe toward the stage.

"How can this university prostitute itself with this dictator here, how can you listen ... to him unchallenged," the man shouted.

EXCERPTED. Read more at:

http://www.foxnews.com/story/0,2933,487089,00.html

 

17 posted on 02/06/2009 5:26:15 AM PST by MyTwoCopperCoins
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To: RegulatorCountry

He’s a doom and gloom sort. This situation is fluid though, I was merely referring to my belief that obama will make the worst out of this by compounding it.


18 posted on 02/06/2009 5:26:27 AM PST by allmost
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Comment #19 Removed by Moderator

To: ff52051

“Save our faces”!!!!

Its like the pot calling the kettle black. Your masters employ you to cry yourself hoarse about how everything is hunky-dory in your sh*thole of a country where people it everything from gutter rats to snakes and lizards because they can’t afford better and you say we try to save our faces - and how? First by ourselves publishing it and then withdrawing it? Rediff is also an Indian website and you are an idiot with a pea-sized brain typical of all commie underlings.

The truth is in India, there are websites and newspapers free to publish the truth. You will have the right to talk about saving faces when you stop hiding your faeces and pretending there’s no shit in China.


20 posted on 02/06/2009 5:31:29 AM PST by MimirsWell (Scipio Pakistanus)
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