• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar

Ambition IAS

Online IAS Coaching, Preparation, Test Series & Current Affairs

  • KPSC Material
    • General FAQ
    • Books List
      • KAS Prelims Books List
      • KAS Mains Kannada Book List
      • KAS Mains English Book List
    • Free Downloads
      • KAS Prelims Preparation Time table
      • Karnataka Economic Survey (2013-14)
      • Karnataka Economic Survey (2014-15)
      • Previous Question Papers
    • Buy KPSC Prelims Material
      • Buy KAS Prelims Study Material
    • KPSC Mains Study Material
      • KPSC Mains Study Material
  • Mock Tests
    • Prelims Mock Test
      • Free Mock Tests
      • Paid Test Series
    • Mains Mock Test
      • Daily Free Questions (Updated on WhatsApp Group)
      • Paid Test Series
  • Join WhatsApp Group
  • KPSC Mains Test Series
  • UPSC 2015 Prelims MCQs
  • Doubts Corner
  • Contact Us

Decline In Gold Import Narrows Trade Deficit

May 10, 2014 by Admin Leave a Comment

  • India’s gold imports have contracted by 40% after the govt put curbs in place and this has prompted the decline in trade deficit to about $10 billion.
  • Exports grew 5.26% suggesting in a change in its earlier weak momentum.
  • Imports also reduced by 15%.
  • Current account deficit (CAD) was around 2% of gross domestic product due to slowing gold imports, inflation among other factors.
  • Experts believe that the new Foreign Trade Policy should target to increase exports to at least $750 billion by 2019 by focussing of getting the CAGR to 19% per annum, and uplifting the manufacturing sector which has registered a decline this year.
  • The Commerce Ministry has already kicked off meetings to gather feedback on the formulation of the Foreign Trade Policy 2014-19.
  • Read at: http://www.thehindu.com/todays-paper/tp-business/plummeting-gold-imports-help-narrow-down-trade-deficit/article5995045.ece

Exams Perspective:

Filed Under: Current Affairs, Economy Tagged With: Current Account Deficit (CAD), Exports grew 5.26% suggesting in a change, Foreign Trade Policy should target to increase exports, India’s gold imports have contracted

Primary Sidebar

Subscribe To Newsletter





Like us on Facebook

Copyright © 2023 · Magazine Pro on Genesis Framework · WordPress · Log in