Friday, March 13, 2015



Dear All ,

February merchandise export declines by 15.02%

India’s exports for the month of February 2015 stand at around USD 21.5 billion with a (Y-O-Y) growth of (-)15.02% as compared to USD 25.3 billion in February 2014 with a (Y-O-Y) growth of (-)3.6%. During February 2015, the imports were USD 28.3 billion with a (Y-O-Y) growth of around (-)15.66% as compared to USD 33.6 billion in February 2014 with a (Y-O-Y) growth of (-)17.09%. The balance of trade stands at around USD (-)6.8 billion during February 2015 as compared to USD (-)8.3 billion during January 2015.
Value of Merchandise Trade                                                                  
USD billion
Period
January
February
April- February
Exports
FY 15
23.8
21.5
286.5
Growth (%)
(-)11.19
(-)15.02
0.88
Imports
FY 15
32.2
28.3
411.8
Growth (%)
(-)11.39
(-)15.66
0.71
Trade balance
FY 15
(-) 8.32
(-)6.8
(-)125.2
 Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India

The cumulative figure for the period of April-February FY2015 shows exports at around USD 286.5 billion as compared to USD 284 billion in April-February FY2014 with a growth of 0.88%; while the cumulative imports for April-February FY2015 stands at USD 411.8 billion as compared to USD 408.9 billion in April-February FY2014 with a growth of 0.71%. The cumulative figure for the balance of trade for the period of April-February FY2015 stands at around USD (-)125.2 billion as compared to USD (-)124.8 billion in April-February FY2014.

Trend in Exports and imports   (%)
Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India

January services exports stands at USD 14.2 bn
India’s services exports for the month of January 2015 stand at around USD 14.2 billion and services imports stand at USD 7.7 billion. The trade balance in services stands at USD 6.5 billion for the month of January 2015.
Value of Service Trade                           
(USD billion)
Period
December
January
Exports
FY 15
14.3
14.2
Imports
FY 15
7.2
7.7
Trade balance
FY 15
7.06
6.4
                                                          Source: PHD Research Bureau, compiled from Ministry of Commerce and Industry, Govt of India
Warm regards,
Dr. S P Sharma
Chief Economist & Director-Research
  Edit

Jamaat-ul-Ahrar, Lashkar-e-Islam form alliance with TTP

  Edit
Three banned militant groups in Pakistan’s northwest have pledged support to the main Tehreek-e-Taliban Pakistan (TTP) militant group, which killed over 130 schoolchildren in a deadly attack at Peshawar’s Army Public School in December.
On Thursday, leaders of Taliban splinter group Jamaat-ul-Ahrar and militants belonging to Lashkar-e-Islam pledged allegiance to the TTP.
The TTP is led by Mullah Fazlullah, who also ordered the 2012 shooting in Swat that gravely injured schoolgirl Malala Yousufzai, last year’s Nobel Peace Prize laureate.
Lashkar-e-Islam is led by warlord Mangal Bagh and is feared for kidnappings and extortion in Khyber tribal agency.
Jamaat-ul-Ahrar split from the Fazlullah-led TTP last year.
The military has been engaged in a full-scale offensive against Taliban and other militants in North Waziristan and Khyber tribal districts along the Afghan border since last year.
The school massacre, Pakistan’s deadliest ever terror attack, prompted the government to announce a tough crackdown on terrorist groups.
A moratorium on executions in terror cases was lifted and the constitution was amended to set up military courts for the speedy trial of terrorism cases.
A key militant commander of the banned Jamaat-ul-Ahrar, a splinter group of the Tehreek-e-Taliban Pakistan (TTP), has been killed in an operation in Afghanistan, a spokesman for the militant group said on Friday.
According to a report by the BBC, a Jamaat-ul-Ahrar spokesman said Qari Shakeel and militant commander Dr Tariq Ali were killed Thursday in an operation in Afghanistan’s Nangarhar province, which borders Pakistan.
A spokesman for the TTP also confirmed the death of Qari Shakeel and three others. However, he did not specify where Shakeel was killed.
Officials have yet to confirm or deny the report.
Qari Shakeel, a top militant commander who was known to head the political shura (council) of the TTP, represented the Taliban in the failed peace talks with the Pakistani government last year.
  Edit
Friday 13 March 2015
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