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Showing posts from August, 2019

Increase in Indian export till $300 billion in last one year

Petroleum is one of the major product will help in boosting up the export but in last five year, there is a depletion of 14%, although machinery and other electronic equipment have continued their contribution toward the growth. Organic chemicals and the agro product also has made the jumps in the business of export. Diamond and other precious gems have also made their place in major exported product list. India is trying to establish as self- sufficient the country in them and started MAKE IN INDIA scheme which is very beneficial for all the exporters of the country and indirectly the export of the also increased. Significant changes are also seen in the direction of trade, even though the US continues to be the top destination of exports and China the top source of imports. The US is now a more important destination for India than it was in 2013-14, with 16 percent of the exports headed there now compared to 12.5 per cent five years ago. The data services help in get

Economic status of Sri Lanka

The World Bank, in its 2019 country classification release, has elevated Sri Lanka from a lower middle-income country to an upper-middle-income country. The World Bank uses GNI per capita and not the more popularly known Gross Domestic Product or GDP per capita for classifying countries into different stages of economic advancement. That is because GNI includes all the incomes earned by peoples of a country irrespective of whether they are resident in that particular country or not. In contrast, GDP measures the incomes earned by all within the territory of a country irrespective of whether they are citizens or not. Hence, GNI pertains to the people of a country and therefore is a better indicator of the wellbeing of such people. For international comparison, the World The bank converts GNI per capita measured in the local currency into US dollars by using an average exchange rate.   The sri Lanka import and export data provide you the real picture of Sri Lankan market w

Argentina The Hub Of Agro Product

Argentina is the country located in South America with the neighboring boundaries of Bolivia, Paraguay, and Brazil. The country stands on 76th rank in the world trade economy. The agriculture sector makes 54% of the total export in the country and Argentina economy mostly depends upon the agriculture sector also red meat, wool and leather are the hidden gems of the country. Wheat is the major product in Argentina export, also the country is the fourth-largest producer of gas and petroleum. Argentina is the great base as the market to deal, which can get you the boom in the business in the global market. Argentina has a dynamic market for the import and export trade and can be explored with the help of a market analysis report. The business analysis creates the formulas to strengthen the business plans and improves the upcoming results. The reference of the report can help a lot to get rid of future hazards. The Argentine export data well get you the brief details of the agricultural

Trading in Peru

Peru is the largest export economies standing on the 52 nd rank. The neighboring boundaries of the country are Bolivia, Brazil, Chile, Colombia and Ecuador. Peru is considered as the upper middle income country, as it stands on 39 th rank in the world GDP ranking. The major support system behind the growth of the country is export. Major export partner’s china, United States, Switzerland, South Korea, Spain, and India and the major importers are China, Mexico, Brazil, and United States. Peru is tried to emerge the economy by making the foreign trade level high. The country economy majorly depends upon export business that’s why the free trade is open with the western countries. Since GDP slow down sharply in 2009, the economy has built on solid growth ground rules. Internal demand has been the main driver of growth as an overall improvement in assurance in the economy has boosted domestic consumption and investment. Moreover, the steady fiscal consolidation that led t