India's Trade Deficit: Economy के लिए बुरी खबर! 3 लाख करोड़ के पार देश का व्यापार घाटा| GoodReturns

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Export-Import Data: व्यापार घाटा चरम पर पहुंच गया है. ऐसे में खजाने से विदेशी मुद्रा भंडार खाली होगा. डॉलर के मुकाबले रुपया टूटेगा. रोजगार से लेकर करोबार तक पर इसकी मार पड़ने वाली है.    #indiatrade #tradedeficit #businessnews #businessnewstoday #businessnewsinenglish #hindinews #latestnews #import #export  Also Read  India's April Trade Deficit Hits $19.1 Billion Amidst Export Decline :: https://www.goodreturns.in/news/indias-april-trade-deficit-hits-19-1-billion-amidst-export-decline-1346895.html?ref=DMDesc  Indias Gold Imports Soar: A 26.7% Jump to $35.95 Billion :: https://www.goodreturns.in/news/india-gold-imports-surge-26-7-percent-touch-35-95-billion-usd-gen-1327013.html?ref=DMDesc  Recession Risks May Reappear In 2024: India's Finance Ministry :: https://www.goodreturns.in/news/recession-risks-may-reappear-in-2024-indias-finance-ministry-1313437.html?ref=DMDesc    ~PR.147~HT.148~HT.336~GR.121~

Transcript

00:00It is a time of crisis for Indian economy because the country has lost more than expected trade, which is a world of concern in terms of growth.

00:09India's trade loss increased in November 2024 to $ 37.84 billion, i.e. Rs 3,21,000 crores.

00:18Economists estimated it to be $ 23 billion in the Bloomberg survey, i.e. Rs 1,95,000 crores.

00:26That is, the data that has come out is much more than expected.

00:30In October 2024, this loss was $ 27.1 billion.

00:34So what is the reason behind it and what will be its effect on the general public, let's know in the video.

00:42So basically, this loss has happened due to an increase in imports and a decrease in exports, which has led to a trade loss.

00:51Gold has also broken all previous records of imports.

00:54In this case, the foreign currency will be empty from the treasury.

00:58In comparison to the dollar, the rupee will break.

01:00It is going to hit from employment to business.

01:03The figures of the Indian government's Ministry of Commerce and Industry tell it.

01:08India's trade loss has broken all previous records and has reached $ 37.84 billion in November.

01:15If we talk about the import of gold, then its record is also at an all-time high.

01:20In November, $ 14.8 billion of gold was imported.

01:24So now let's understand how math has been messed up by the jump in gold prices.

01:30So, according to the information, the loss of trade, i.e. the state of being more than the export,

01:35The biggest reason behind this is the import of gold, which has jumped.

01:41Because in the import of $ 37.84 billion, the share of gold alone is $ 14.8 billion.

01:48In comparison to November last year, India's export has fallen by 4.85% to $ 32.11 billion.

01:58According to the figures of the Ministry of Commerce and Industry,

02:01In comparison to November last year, India's import has increased by 27% to $ 69.95 billion.

02:09As there is a high demand for arable oil, silver and fertilizers, imports are increasing in this way.

02:15From April to November 2024, the share of goods has increased by 2.17% year on year.

02:22But in the same duration, if we talk about imports, it has increased by 8.35%.

02:30Due to which the trade imbalance has become even deeper.

02:33Now what will be the effect of all this on the common people?

02:36The biggest reason for the increase in trade losses, i.e. more imports than exports,

02:43is that the country is not able to produce enough goods and services for its people's needs.

02:52That is why it is having to be filled from other countries.

02:55It is obvious that these goods and services will become expensive for the people of the country.

02:59In this way, inflation will increase in the country.

03:01For example, foreign currency will have to be opened.

03:03This will reduce the foreign currency exchange rate.

03:05To fill it, dollars will have to be added, which will weaken the currency.

03:10The Indian companies of the sectors where more imports are taking place will become weak.

03:16And there can also be a crisis of unemployment.

03:21Even after knowing the whole story, if you have not understood the meaning of trade deficit,

03:25then let's know this too.

03:27Look, during a certain time period, the value of goods imported from foreign countries

03:33is more than the value of goods exported from the country.

03:39In such a situation, India's money goes to foreign countries.

03:43And this situation is called trade deficit.

03:47It is also called negative balance of trade.

03:51In other words, when a country starts buying more than it sells,

03:55then it is called trade deficit.

03:57This situation has now arisen in India.

04:01And this can create a lot of problems for the country's economy and employment.

04:05What are your thoughts on this?

04:07Do tell us by commenting.

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04:20GoodReturns

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