India’s trade secretary says that August exports have seen “double digit” growth year on year and that imports have been contained. Gold Imports have come down substantially.
They have also said that will review export duty on Iron ore to boost exports and import duties on non-essential items to curb imports.
The flood out of emerging markets has tapered off over the last week or so. India’s nifty 50 has risen over 10% since the lows towards the end of August.
Nifty 50 going up swiftly….I’ll get my coat.
