In this episode of Budget special series ‘Boosting trade and Commerce’. Union Budget where we look at the performance and expectations of different sectors. We’ve covered the Manufacturing sector, and also looked at the jobs scenario in our previous episodes. Today we will be talking about Trade & Commerce. Looking at the exports & imports numbers first – In December 2021, India’s exports surged 37 per cent on an annual basis to over 37 billion US doallrs, the highest-ever monthly figure. Imports too rose by 38 per cent to 59.27 billion dollars on account of an increase in oil imports, which soared 65.17 per cent to USD 15.9 billion. In December 2020, exports stood at 27.22 billion, while imports aggregated to USD 42.93 billion. Due to robust exports and manufacturing activity, India regained the top position on the emerging markets (EM) league table for the second straight month in December. However, despite the resilience and robustness that has helped in the recovery of the economy, the challenge now is to sustain the momentum and address concerns ranging from extension of government support, to new measures, problems with logistics, changes in duty structure etc. In the run up to the Budget, what are the concerns and hopes to boost trade & commerce and sustain positive growth in the next financial year and beyond – is what we will look at on this edition of Budget special.
Anchor:- Teena Jha
Producer:- Amit Srivastava, Sagheer Ahmad
Guest:-
1. Rajeev Kher, Former Commerce Secretary, GoI
2. Sanjay Aggarwal, Former President, PHDCCI
3. Brajendra Navnit, Ambassador & Permanent Representative of India, WTO
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