Is Trade Imbalance Ubiquitous? — And What about India?
On not so grand a scale as in the USA, Nepal reports imports rising 24% against a 14% increase in exports for the first 8 months of the Nepali fiscal year. This further widens a trade gap that for the current fiscal year has matched 43.3 billion rupees (1.68 billion) in exports against 114 billion rupees ($618 million) in imports.
The People’s Daily Online said, “According to the statistics of NRB, the country’s trade deficit touched 74.16 billion Nepali rupees (1.06 billion U.S. dollars), while it was 54.10 billion Nepali rupees (772.86 million US dollars) during the same period of the previous fiscal year.”
And What about India?
The International Herald Tribune reports that India has enjoyed a 9.3% economic growth rate over the first quarter of 2006, comparing well to China’s estimated 10%. Perhaps surprisingly, significant increase is attributed to agricultural growth (2.9 to 5.3).
| This entry was posted on Wednesday, May 31st, 2006 at 10:35 pm and is tagged with nepali rupees, international herald tribune, economic growth rate, trade gap, current fiscal year, agricultural growth, trade imbalance, tribune reports, gap, trade deficit, first quarter, nepal, india, statistics, china. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback. |
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