India’s Export Percentage Lower Than Year 2005
Indian exports of goods and services, as a percentage of GDP in the September 2017 quarter, was lower than that of September 2005.
US President Donald Trump has menaced to impose reciprocal tariffs on Indian goods, if the government refuse to lower duties on American exports. If the threat is put into practice, it will aggravate an already problematic situation for Indian exports.
The best way to illustrate the gravity of this problem is when we realize that the gross domestic product (GDP) in September 2017 quarter was lower than the September quarter of 2005, already 12 years ago.
The Indian exports of goods and services as a percentage of GDP was on a steady rise during the last boom until the September 2008 quarter.
Exports were on the rise, significantly contributing t...