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Exports fall in four years of Modi govt, in 2017 export-to-GDP ratio was lowest since 2005

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Exports fall in four years of Modi govt, in 2017 export-to-GDP ratio was lowest since 2005

Exports of goods to Japan and countries in Africa and Latin America dropped over the four years of Narendra Modi government and grew at single digits to other regions, an IndiaSpend analysis of government data has found.

In yet another blow to Modi government’s propaganda of all round progress, the analysis found that in contrast to its performance in this aspect, the 10 years of the two United Progressive Alliance (UPA-1 and UPA-2) administrations saw 11 percent to 33 percent growth in India’s merchandise exports. Services exports are excluded from this analysis because they are limited to certain geographies because of trade agreements, said IndiaSpend.

Moreover, this decline cannot be attributed to the global trend. The growth rate of goods traded across the world grew 3 percent over the four years to 2018 and grew by 3.3 percent (2009 to 2013) – according to International Monetary Fund.

Various experts attributed the Indian export decline to domestic factors, such as demonetisation, a new goods and services tax (GST) and a new bankruptcy code, said IndiaSpend.

Merchandise exports to China grew between 2014 and 2018 but at less than 1 percent while imports grew at 11 percent; during 10 years of UPA rule, exports to China grew 13 percent and imports 30 percent.

India’s exports to Africa between 2014 and 2018 dipped by 4.22 percent and imports increased 1 percent; during 10 years of UPA rule, exports to Africa increased 22 percent and imports 59 percent.

Overall Indian imports of merchandise grew by 1.6 percent to $465 billion over this period.

India’s exports-to-gross-domestic-product (GDP) ratio at 11.44 percent in 2017 was the lowest since 2005, according to the International Monetary Fund (IMF) Outlook Report 2018.

High trade deficit

Slowing exports and increase in imports (an average annual increase of 1.6 percent from 2014-15 to 2017-18) has pushed the trade deficit from $137 billion in 2014-15 to $162 billion in 2017-18, the highest since 2012-13.

“We are facing serious headwinds at a time when the global economy post 2008 had become extremely fragile,” commerce minister Suresh Prabhu was quoted as saying in The Indian Express on 18 June, 2018.

India’s trade openness – the sum of exports and imports to GDP – was 27 percent in 2016, according to the IMF database, compared to an all-time high of 43 percent in 2012.  Trade openness is an indicator of the economy’s participation in global trade.

“The first of the policy moves was the unique demonetisation experiment,” Ruchir Sharma, chief global strategist at Morgan Stanley, wrote in The Times of India on 4 October, 2017.

“The second was the goods and services tax, which was supposed to bring India in line with global standards but instead added typically Indian layers of complexity. These policies disrupted local businesses, including exporters. Imports have surged to meet consumer demand, widening the trade deficit and cutting into GDP growth.”

The view was echoed by economists Dharmakirti Joshi, Adhish Verma and Pankhuri Tandon. “The implementation of the goods and services tax and associated glitches have had an impact, particularly on small and medium enterprises – evident in low export growth in gems and jewellery, textiles, and leather sectors,” they wrote in a report for Crisil, a ratings agency.

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Drunk speeding Audi crushes pedestrians in Jaipur, one killed and 15 injured

A late-night crash involving a drunk speeding Audi in Jaipur left one pedestrian dead and at least 15 others injured after the car ran over roadside vendors and pedestrians.

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One person was killed and at least 15 others were injured after a speeding Audi car, allegedly driven by drunk occupants, ran over pedestrians and roadside vendors in Rajasthan’s Jaipur late Friday night.

According to the police, the luxury car lost control and first hit a road divider before ploughing into food carts and roadside stalls over a stretch of nearly 30 metres. The vehicle eventually crashed into a tree and came to a halt, damaging several parked vehicles along the way.

Visuals from the scene showed shattered food carts scattered across the road, while the Audi was left completely mangled due to the impact.

A total of 16 people were hit in the incident and were rushed to a nearby hospital. Four of the injured were reported to be in critical condition and were later referred to Sawai Man Singh (SMS) Hospital for advanced treatment.

One of the injured, identified as Ramesh Bairwa, a resident of Bhilwara, succumbed to his injuries during treatment.

Police officials said that four people were inside the car at the time of the crash, and all of them were allegedly under the influence of alcohol. While one person has been arrested, three others fled the spot after the incident.

The driver of the Audi has been identified as Dinesh Ranwan, a resident of Churu district in Rajasthan. The vehicle has been seized, and a search is underway to trace the remaining accused.

Rajasthan Chief Minister Bhajanlal Sharma expressed grief over the incident and instructed officials to ensure proper medical care for the injured. Deputy Chief Minister Premchand Bairwa and Health Minister Gajendra Singh Khimsar visited the hospital to enquire about the condition of those injured.

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Mamata Banerjee says ED raids on I-PAC have politically rejuvenated her

Mamata Banerjee led a protest rally in Kolkata after ED raids linked to I-PAC, saying political attacks only rejuvenate her and accusing the Centre of misusing agencies.

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mamta banerjee

West Bengal Chief Minister Mamata Banerjee on Friday escalated her confrontation with the Centre following Enforcement Directorate (ED) raids linked to the Indian Political Action Committee (I-PAC), asserting that political attacks only strengthen her resolve.

Banerjee led a nearly 6-kilometre protest rally in Kolkata, beginning from Jadavpur and ending at Hazra, with senior Trinamool Congress leaders and party workers marching alongside her. Large crowds gathered along the route in a show of support.

Addressing party supporters after the rally, the Trinamool Congress chairperson defended her decision to enter the residence of I-PAC co-founder Pratik Jain during the ED raids on Thursday, an act that has drawn criticism from the Bharatiya Janata Party and prompted demands for an investigation.

“I did nothing illegal. I went there as the Trinamool Congress chairperson,” Banerjee said, adding that several items had already been taken away by the time she reached the premises.

Allegations of misuse of central agencies

The chief minister accused the Centre of using agencies such as the ED and the Central Bureau of Investigation for political purposes. Questioning the intent behind the raids, she said political opponents were attempting to weaken her party ahead of the 2026 West Bengal Assembly elections.

“If someone tries to kill me politically, don’t I have the right to defend myself?” she asked.

The ED action against I-PAC is linked to an alleged coal scam. Banerjee claimed that leaders from the BJP were also involved in coal-related irregularities and asserted that she possessed evidence. “I have proof on pen drives. I will release it when the time comes,” she said.

‘Politically rejuvenated and reborn’

Taking a combative tone, Banerjee said repeated attempts to target her had only made her stronger politically. “If someone tries to hit me politically, I get politically rejuvenated and reborn,” she declared.

Referring to recent political developments in other states, she alleged that central agencies had been used to destabilise elected governments elsewhere, adding that similar attempts would fail in West Bengal. She expressed confidence that the Trinamool Congress would secure a decisive mandate in the 2026 Assembly polls.

BJP hits back

The BJP accused the West Bengal government of corruption and claimed that the chief minister’s actions during the ED raids raised serious questions. Party leaders alleged that Banerjee had intimidated officials and demanded that she be made an accused in the case.

The political confrontation comes hours after several Trinamool Congress MPs, including Derek O’Brien and Mahua Moitra, were detained by Delhi Police while protesting outside Union Home Minister Amit Shah’s office. Banerjee criticised the detentions, describing the ruling party’s approach to democracy as one that demands “obedience”.

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Ayodhya bans online delivery of non-veg food within 15 km of Ram temple

Ayodhya authorities have prohibited online delivery of non-vegetarian food within 15 km of the Ram temple following complaints over violations in sacred areas.

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Ram Mandir

The Ayodhya district administration has imposed a ban on the online delivery of non-vegetarian food items within a 15-kilometre radius of the Ram temple, following repeated complaints about violations in religiously significant areas.

Officials said the decision was taken after residents and pilgrims raised concerns over online food delivery platforms supplying non-vegetarian items in locations falling under the Panchkosi Parikrama route, considered sacred by devotees.

Complaints against hotels and online platforms

Authorities also flagged reports suggesting that certain hotels and homestays in Ayodhya were serving non-vegetarian food and alcoholic beverages to guests, despite restrictions. Establishments have been issued strict warnings to immediately stop such practices, officials said.

The ban comes months after the Ayodhya Municipal Corporation decided in May 2025 to prohibit the sale of liquor and meat along the 14-km Ram Path, which connects Ayodhya with Faizabad. However, locals claim that liquor sales continue along the route, with more than two dozen outlets still operating.

A municipal officer said meat shops along the Ram Path, including those in Faizabad, had been removed. However, action against liquor vends requires authorisation from the district administration, leading to delays in enforcement.

Monitoring to ensure compliance

Assistant Food Commissioner Manik Chandra Singh said complaints had surfaced that non-vegetarian food continued to be delivered to tourists through online platforms despite existing restrictions.

“Following these complaints, a ban on online non-vegetarian food delivery has been imposed. Hotels, shopkeepers and delivery companies have been informed, and continuous monitoring will be conducted to ensure compliance,” Singh said.

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