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India’s Oct exports rise over 42%, imports over 62%

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GDP

India’s merchandise exports in October rose to $35.47 billion, higher by 42.33 per cent on a year-on-year basis, preliminary data showed on Monday.

Exports in October 2020 had stood at $24.92 billion.

According to data furnished by the Ministry of Commerce and Industry, in comparison to October 2019, last month’s exports rose by 35.21 per cent.

“India’s merchandise exports in October 2021 were at $35.47 billion, an increase of 42.33 per cent over $24.92 billion in October 2020 and an increase of 35.21 per cent over $26.23 billion in October 2019.”

“Value of non-petroleum exports in October 2021 was $30.27 billion, registering a positive growth of 29.63 per cent over non-petroleum exports of $23.35 billion in October 2020 and a positive growth of 32.84 per cent over non-petroleum exports of $22.79 billion in October 2019.”

Besides, value of non-petroleum and non-gems and jewellery exports in October 2021 registered a positive growth of 27.54 per cent to $26.05 billion over non-petroleum and non-gems and jewellery exports of $20.43 billion in October 2020.

As per the data, India’s merchandise imports last month increased by 62.49 per cent to $55.37 billion over $34.07 billion in October 2020 and an increase of 45.76 per cent over $37.99 billion in October 2019.

“Value of non-petroleum imports was $40.94 billion in October 2021 with a positive growth of 45.82 per cent over non-petroleum imports of $28.07 billion in October 2020 and a positive growth of 44.87 per cent over non-petroleum imports of $28.26 billion in October 2019.”

“Value of non-oil, non-GJ (gold, silver & precious metals) imports was $32.42 billion in October 2021 with a positive growth of 39.29 per cent over non-oil and non-GJ imports of $23.27 billion in October 2020 and a positive growth of 30.72 per cent over non-oil and non-GJ imports of $24.8 billion in October 2019.”

Consequently, trade deficit last month rose by 117.38 per cent YoY to $19.90 billion from $9.15 billion while it increased by 69.29 per cent when compared to $11.75 billion reported for October 2019.

ICRA’s Chief Economist Aditi Nayar said: “The merchandise trade deficit compressed only modestly to $19.9 billion in October 2021, from the record-high $22.6 billion in September 2021, with a heartening sequential uptick in non-oil exports, accompanied by a decline in oil imports after the spike seen in the previous month.”

“Predictably, gold imports remained strong amidst the onset of the festive season, and we expect the aggregate imports to spike to $40-45 billion in FY2022, especially if the rabi outlook supports rural sentiment.”

FIEO President A. Sakthivel said that the monthly exports performance of $35.47 billion with an impressive double-digit growth of more than 42 per cent, signifies the importance of opening up and further recovery of economies across the globe coupled with buoyant order booking position across sectors.

“This has not only added positive sentiment for exports but has also further enthused the exporters to perform with much more vigour and zeal thereby achieving the $400 billion merchandise exports target in the current fiscal,” he said.

The FIEO Chief also praised efforts of the exporting community, who have continued to perform remarkably well during these challenging times.

National

BJP accuses Congress of opposing voter verification to shield fake votes in Bihar

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New Delhi, June 27: Following Congress’ objection to the Election Commission of India’s special revision of the state’s voter list ahead of the upcoming Assembly elections in Bihar, the BJP has launched a sharp counterattack, accusing the grand old party of attempting to protect fake voters.

BJP state president Dilip Jaiswal defended the ECI and called Congress’ objections baseless.

“The Election Commission is an independent body which works independently. It is its responsibility to ensure that elections are conducted with complete transparency. If any political party opposes this, it is wrong. Fake voting can be prevented by the revision of the voter list. Voters who have died will be identified. This process will also make it clear whether the voter is actually in Bihar or voting somewhere else. This is a very necessary step for transparency. I congratulate the Election Commission for this,” Jaiswal said.

Bihar Congress president Rajesh Kumar on Thursday criticised the ECI for initiating the voter list revision process in a limited time frame.

He alleged that the move is part of a conspiracy to suppress the electoral rights of marginalised communities.

Reacting strongly to these allegations, BJP leader and Minister Nitin Nabin questioned Congress’ intent behind opposing the exercise.

“I say that Congress should clarify what exactly they are objecting to. If genuine voters are being verified and fake voters are being removed, is Congress sitting here to commit fraud? I want to ask the opposition members who are opposing this, are you trying to gain power through fake votes? Such fake voters will definitely be stopped, and the parties doing fraud will also be taught a lesson,” Nabin asserted.

The ECI has issued instructions for holding Special Intensive Revision (SIR) in Bihar, where polls are to be held by year-end. This means electoral rolls for the state will be prepared afresh.

The special voter list inspection has been undertaken by the ECI as a standard pre-election procedure to ensure the accuracy of electoral rolls.

Officials have stated that the process will help remove deceased or duplicate voters and correct errors, ensuring a fair and transparent election.

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Crime

Kerala HC judge files complaint of theft at his residence, police probe on

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Kochi, 27 June: The Kochi police have received a theft complaint from Kerala High Court Judge, Justice A. Badharudeen, according to officials on Friday, stating that six sovereigns of gold were missing from his residence.

The complaint, which was filed on Thursday, mentions that the gold has been stolen from the judge’s bedroom. The police have registered an FIR under Section BNS 305.

What has surprised many is that the thief has decamped with gold from a high-security guarded house located in the heart of the commercial capital of the state.

The judge registered the complaint with the Kalamassery police under which his residence falls.

After the preliminary probe, the police are now planning to prepare a list of those who need to be spoken to, as this incident occurred in the bedroom of the senior judge.

More details are awaited.

The incident has raised concerns regarding the security situation in the state. The Congress-led UDF has been accusing the state government of failing to curb the crimes.

It has been found that Kerala is a haven for organised gangs hailing from neighbouring states who specialise in robbing homes, and the cases against non-Keralaite thieves are also on the increase.

According to information prepared by the home department, which was placed before the Assembly last year, it showed 192 cases of theft involving non-Keralites were registered in 2021, and the numbers have been steadily increasing. This rose to 360 in 2022.

In 2023, the number increased further to 519, and by September 2024, a total of 307 such cases were registered. But the image of the Kerala Police got a boost when over 1,350 thieves during this period were put behind bars.

However, with regards to the case being registered in the burglary at the home of a judge, the police appear to have a tough job ahead.

Likewise, with other crimes also on the increase, the Ernakulam Police have come out with a directive to landlords who are seeking to rent out their properties. The police have urged the landlords to get a police clearance certificate from the prospective tenants from their local police station where they stayed.

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National

Thackeray brothers will jointly hold one anti-Hindi protest: Sanjay Raut

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New Delhi, June 27: Amid plans to hold two protests against imposition of Hindi in schools in Maharashtra, senior Shiv Sena (UBT) leader Sanjay Raut on Friday announced that there would be only one demonstration and the two Thackeray brothers would participate in it together.

Even though there has been no formal announcement on this till now by the Maharashtra Navnirman Sena (MNS) or the Shiv Sena (UBT), but Sanjay Raut’s post on X, in which he has also put up a picture of the two cousins together with a photograph of the late Bal Thackeray in the background, has fuelled speculation of rapprochement between Uddhav and Raj Thackeray and the possibility that they might hold the protest jointly.

Earlier, close to Raj Thackeray’s birthday Uddhav Thackeray had also hinted at a rapprochement between them but nothing concrete had come out of it.

On Thursday MNS chief Raj Thackeray announced the change in morcha date to July 5 instead of July 6 to protest the imposition of Hindi in Marathi and English-medium schools for classes 1 to 5 in Maharashtra.

This was done as the auspicious Ashadhi Ekadashi falls on July 6 when the devotees fast for the day and walk all the way to Pandharpur to pay tribute to the presiding deity Vitthal.

Significantly, Uddhav Thackeray on Thursday extended his party’s support to a morcha organised on July 7 in Mumbai by The Tribhasha Sutra (Three language formula) committee.

Raut’s post is significant because even though both the brothers and their parties had declared that they would not allow the imposition of Hindi, they had announced two different protests.

Insiders from both the parties said that efforts are on to fight as one, in order to avoid a split in the Marathi speaking people opposing the imposition of Hindi.

Now, it remains to be seen whether Sanjay Raut’s post was his own initiative or whether it had the blessings of the leaders of both the parties and the two estranged brothers have finally decided to come together for a cause close to their heart and fight for it jointly.

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