Flow Type
1. Goods (Exports & Imports)
India earns from US 87 billion
US earns from India 41 billion
Advantage India (+46 B)
2. Services (IT, Consulting etc.)
India earns from US 41.6 billion
US earns from India 41.8 billion
Advantage US (flat)
3. Company Revenues
(Local Ops, Sales)
India earns from US 40 billion
US earns from India 81 billion
Advantage US (+41 B)
4. Students (Tuition & Living)
India earns from US -
US earns from India 13 billion
Advantage US (+13 B)
5. Digital/IP/Investment
India earns from US -
US earns from India 20 billion
Advantage US (+20 B)
6. Defence & Aerospace
India earns from US -
US earns from India 2 billion
Advantage US (+2 b)
7. Remittances from diaspora
India earns from US 27 billion
US earns from India -
Advantage India (+27 B)
Summary. While India runs a clear surplus in goods and services, the dominance of the US companies operating in India is significant keeping the balance overall flat.
My take
This is why I say that US President Trump's monstrous tariffs don't hurt us in the real sense!
Tailpiece.
Got up a trifle late, sent all my morning messages, switched on the hymns on the home theatre, lit up the puja room lamp and opened up the house for the day.
Had breakfast before bath as it had to be warmed up and I did the needful.
Lekha had spruced me up followed by bath.
Lunch.
Siesta after watching television.
A quiet evening thereafter.
No comments:
Post a Comment