India's exports fell an annual 30 per cent in May to $11 billion, its eighth consecutive monthly fall; Trade deficit halved
Suvash Nehra
Jul. 1, 2009

India's exports fell an annual 30 per cent in May to $11 billion, its eighth consecutive monthly fall.

Indian imports dropped 40 per cent to $16 billion in May.Trade deficit halved to $5 billion in May from $11 billion a year earlier.

The main culprit is massive depression and financial meltdown in the developed world.

India's exports fell an annual 30 per cent in May to $11 billion, its eighth consecutive monthly fall; Trade deficit halved
Suvash Nehra
Indian imports dropped 40 per cent to $16 billion in May.Trade deficit halved to $5 billion in May from $11 billion a year earlier.
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India plans to fight poverty, boosting economic growth and reject greenhouse gas emission targets
Manoj Malhotra
India's per capita greenhouse emissions lag far behind rich countries and it feels the developed world should take the lead on tackling climate change.
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Mayawati is spending Rs 1000 crore on establishing statues of elephants and herself : Chidambaram
Sonia Chopra
She is spending Rs 1000 crore on establishing statues of elephants and herself. Can there be something more shameful than this in Indian politics? Chidambaram asks.
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Air India strike averted - emplyees get their pay without any pay cut
Kiran Chaube
Yielding to pressure from its employees, cash-strapped national carrier Air India on Monday decided to give them their June salary on July 3, instead of July 15 it decided earlier.
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Tata Motors posted a net loss of Rs 2,505 crore – signs of big Indian depression led by greed for acquiring the goodies of the West at any cost
Balaji Reddy
This symptom is not restricted to just Tata Motors. Most of the Indian industrialists in recent days have tried to acquire goodies from the Western nations at any cost to add these charmers to their mausoleum of prestige items.
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Indian economy faces deep recession with below par monsoon if not a drought in several states
Shankar Rao
The roaring recession in the West is affecting India already. The drought related recession would create massive chaos in Indian economy.
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Indian stocks best performers across the world in 2009 so far but fibonacci retracement model indicate a massive bear market in front
Sonia Joshi
...the econometric and fibonacci retracement models predict that a massive bear market may be in front. The Sensex, according to that model can dip below 3,000 in the next 12 months. That will more than 80% drop from the current levels.
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UPA government ready to focus on welfare, unemployment, healthcare – the basic need for every Indian
Sriram Mahanti
India spends approximately 1.2% of its GDP on social welfare, far less than Bangladesh. That is a shame for a country that boasts itself as a software technology giant.
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'SBI Ezee' ready for financing new cars on July 1 at interest as low as eight per cent for the first year
Sushant Rane
SBI car loan for Rs 1-lakh car will be as low as Rs 1,559 in the first year and Rs 1,647 in the second and third year.
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