“Make in India” Working as Trade Growth Slips — Panjiva


“Make in India” Working as Trade Growth Slips

Energy - Conventional 272 Energy - Crude Oil 194 Energy - Refined Oil 149 India 283 Info Tech - Tech Hardware 378 Trade Balance 657

India’s international trade growth slowed in November to just 2.9% on a year earlier vs. 14.9% in the prior three months and the slowest since Dec. 2016. Both imports and exports fell, though a 3.0% drop in non-oil imports – oil rose 41.3% on higher prices and demand – suggests that “Make in India” tariffs designed to promote domestic manufacturing are working. Indeed imports of electronics, where most tariffs are focused, rose by just 0.3%. The slowing growth overall mirrors a similar trend seen in South Korea and China and may extend once the recent drop in oil prices takes...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.