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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