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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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Hyderabad police arrested 2 Muslim women for vandalizing holy idols after probe accused understood to suffer from mental illnesses

The brother of the sisters, Asimduddin, told the police that his sister take treatment and have been diagnosed with Schizophrenia. The brother, while talking to the media also extended his apology on behalf of the sisters for the damage they had caused.

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According to reports, the Vishwa Hindu Parishad on Tuesday held a protest outside the police station in Hyderabad after being infuriated by the actions of 2 women who vandalized Hindu idols. Hyderabad Police on Tuesday arrested two Muslim women for allegedly vandalizing and causing destruction to Mother Mary and Goddess Durga’s idols.

The two women, who turned out to be sisters, on CCTV can be seen entering goddess Durga’s pandal right before vandalizing the idol. A similar incident transpired when they were wearing burqas and caused destruction to Mother Mary’s statue in the City’s Khairatbad area. The two sisters then were taken to the police station on Tuesday morning where the police tried to interrogate them.

The police, in their interrogation, learned that the women were unable to answer properly and it took them a while to understand the situation. The police further went to the homes of the sisters to probe further, however, after reaching the residence of the two sisters, the police found out that the parents also suffer from issues regarding mental illness.

The police asked the neighbors in and around the area about the mental state of the sisters and the ones who knew them checked out the mental illness angle and added that the family has been suffering from mental illness for the last 3 to 4 years.

The Deputy Chief Commissioner of Hyderabad Police, MR Chandra told the media that one of the women threatened whoever stopped them from using a tool kit spanner. Chandra also added in his statement that the women were found to be mentally ill and told the media that both the women take treatment.

The brother of the sisters, Asimduddin, told the police that his sister take treatment and have been diagnosed with Schizophrenia. The brother, while talking to the media also extended his apology on behalf of the sisters for the damage they had caused.

The police have, however, registered a case under 153-A, 295, 295-A, 451, 504 r/w 34 IPC. Furthermore, The two women have been sent to a mental hospital for their assessment. The women will be produced with their assessment copies as well as the FIRs to the court.

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Madhya Pradesh man rapes daughter, then sells her and his son, who wants his father hanged to death

The girl told the media that her family sold her for Rs 60,000 to a 50-year-old clerk and his brother to another family for Rs 6,000.

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Madhya Pradesh: Man rapes daughter and then sells her and his son, former wants his father to be hanged to death | WATCH

A monstrous incident of a drunk man allegedly raping his daughter and then selling her to a clerk has come to light in Madhya Pradesh’s Chhatarpur area. According to the reports, the victim was forced to stay with the clerk as his wife. The police have arrested the father and have initiated a probe into this matter.

The girl, identified as Kishori, told the media that her family, including her father, mother, grandfather, grandmother, and paternal aunt, sold her for Rs 60,000 to a 50-year-old clerk and his brother to another family for Rs 6,000. Reportedly, the 16-year-old used to work at brick kilns as a clerk’s wife in Hamirpur.

When asked how she escaped the trap, Kishori revealed to the media that she had discreetly obtained his maternal uncle’s phone number from his father and told him about the whole scenario.

Her maternal uncle then filed a complaint at the Maudaha Police Station on September 24 and brought the victim back home. As per the reports, the girl, in a statement, alleged that her father used to drink and then rape her. She even informed her mother about this, but she asked her to ignore it.

Kishori added that her father had threatened to kill her if she went ahead and filed a complaint against him. She then claimed that her father had sold her to a clerk. Kishori also said that she wants her father to be hanged to death.

Furthermore, her brother also told the media that he was sold to a family for Rs 6,000, where he used to go every day for donkey grazing.

The case has been registered at the Kotwali Nagar Police Station and has nabbed the man. Speaking about this matter, in-charge Shyam Babu Shukla told the media that the case is from two different villages. She said they would lodge the complaint as soon as they received the application from both villages.

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Viral: UP doctor tells family of deceased to birth another child, family accuses doctor of being late for treatment, internet enraged | Watch

The mother, who also spoke to the media, informed that when her daughter was taken to the hospital, no doctor was there to look at her or treat her. According to the family of the deceased, when they arrived with their sick daughter at the government hospital, no doctor was present to treat or monitor the patient.

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UP doctor tells family of deceased to birth another child

A viral video has emerged from UP’s Barbanki district where a doctor can be seen asking the family who had just lost their daughter to birth to another daughter. The family of the deceased has accused the doctor of not arriving on time due otherwise their daughter would have been alive.

In the video, the doctor can be seen stating that if a child dies, one has to birth another one to complete everything. After the doctor’s statement, the man making the video can be asking if this is a manufacturing machine and further remarked about his repartee being uncouth and distasteful.

The video has been making rounds on the internet as many users were enraged by the remarks of the doctor in the video. One Twitter user wittily tried to show the gravity of the situation to the doctor by asking him if someone amputates both of his arms, will he be able to fix it, implying how losing a child is like losing a hand.

Read Also: School teacher beats Dalit student to death in Uttar Pradesh

Another Twitter user also added to the conversation by asking if these types of doctors are the embodiment of gods, directing at the phrase of doctors being the embodiment of gods.

The mother, who also spoke to the media, informed that when her daughter was taken to the hospital, no doctor was there to look at her or treat her. According to the family of the deceased, when they arrived with their sick daughter at the government hospital, no doctor was present to treat or monitor the patient.

The family further added that the doctor arrived much later, even though the family had requested to call the doctor, subsequently the condition of their daughter deteriorated and reached a critical level, after which the doctor arrived and treated her. However, the doctor was not able to save the daughter as she succumbed to her critical condition.

A video of a similar nature went viral from UP’s Kanpur where a sick woman was forced to travel by rikshaw due to the lack of ambulance services. In the video, an elderly woman can be seen sitting in a rickshaw where a drip tube is inserted in her hand. The drip bottle is tied and attached to the upper part of the rickshaw which allows the medicine to pour into the tube and get into the veins of the patient.

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