Exports rise by 3.9%, but concerns remain in Rajasthan
The total exports from the state rose marginally by 3.9% in 2014-15 over the last year. Rajasthan, which is traditionally strong in handicrafts, gems & jewellery and stones, registered an impressive growth in these products but other sectors like mineral fuels, agro and food products witnessed a major downfall.
The state exported Rs 51,066 crore worth of gems and jewellery (including diamonds), which remain most valued products exported from Rajasthan Stock Market Trading Tips
This figure shows an increase of nearly 12% over the last year's (2013-14) figure of Rs 4,564.15 crore. The export of handicrafts also registered an impressive growth of 7.7% with exports worth Rs 3,264 crore.
Total exports from the state were worth Rs 38,767.15 crore in 2014-15 against Rs 37,286.71 crore in 2013-14. However, the figure is less when compared to Rs 39,106.70 crore worth of exports done in 2012-13.
The dimensional stones, marble, granite and articles of stone mica etc from Rajasthan continued to attract the dollar. Registering a growth of Rs 12%, the total exports of these products are up from Rs 2,539.42 crore in 2013-14 to Rs 2,848.57 crore in 2014-15. The traders said that state has a lot of potential in this sector provided mining hurdles are removed.
Another area which has shown a significant improvement is textiles where exports jumped by 8.7%. After exporting goods worth Rs 4,500 crore in 2014-15, the textile industry is looking promising. After 2009-10, this sector had witnessed a downfall with the demand for carpets and coated, laminated textiles from Europe falling Stock Market Trading Tips
Despite buoyancy in some areas, the export figures also reflect some concerns for the government. Riding on the guar gum boom, the agro and food products witnessed a high growth but now it is falling flat. From Rs 14,517 crore worth of exports in 201-13, it reduced to Rs 8,009 crore in 2014-15.
"The escalation was largely riding on guar gum, which was also the single biggest export from Rajasthan in the previous financial year and the year before that. In this case, guar gum can't be termed as positive. It is a market correction, though our exports are getting affected because of it," said an official Financial Astrology
Other products which gave a rude shock in terms of exports are mineral fuels, oils, waxes, ores, slags and ash. Recording a negative growth of 95%, the total exports fell from Rs 171 crore in 2013-14 to Rs 8.53 crore in 2014-15. The exports were worth Rs 1,052 crore in 2012-13. According to the officials, all these products were exported to China where the demand has virtually vanished.
However, chemical and allied products were in demand. Though growth was insignificant, in terms of export value it stood at Rs 4,140 crore Share Market Astrology
The state exported Rs 51,066 crore worth of gems and jewellery (including diamonds), which remain most valued products exported from Rajasthan Stock Market Trading Tips
This figure shows an increase of nearly 12% over the last year's (2013-14) figure of Rs 4,564.15 crore. The export of handicrafts also registered an impressive growth of 7.7% with exports worth Rs 3,264 crore.
However, the sector which showed the most promising growth rate was of electronics and computer software. Rajasthan exported products worth Rs 2,100 crore which is an increase of 40% over the previous year's figure Himanshu Tiwari Astrologer
Total exports from the state were worth Rs 38,767.15 crore in 2014-15 against Rs 37,286.71 crore in 2013-14. However, the figure is less when compared to Rs 39,106.70 crore worth of exports done in 2012-13.
The dimensional stones, marble, granite and articles of stone mica etc from Rajasthan continued to attract the dollar. Registering a growth of Rs 12%, the total exports of these products are up from Rs 2,539.42 crore in 2013-14 to Rs 2,848.57 crore in 2014-15. The traders said that state has a lot of potential in this sector provided mining hurdles are removed.
Another area which has shown a significant improvement is textiles where exports jumped by 8.7%. After exporting goods worth Rs 4,500 crore in 2014-15, the textile industry is looking promising. After 2009-10, this sector had witnessed a downfall with the demand for carpets and coated, laminated textiles from Europe falling Stock Market Trading Tips
Despite buoyancy in some areas, the export figures also reflect some concerns for the government. Riding on the guar gum boom, the agro and food products witnessed a high growth but now it is falling flat. From Rs 14,517 crore worth of exports in 201-13, it reduced to Rs 8,009 crore in 2014-15.
"The escalation was largely riding on guar gum, which was also the single biggest export from Rajasthan in the previous financial year and the year before that. In this case, guar gum can't be termed as positive. It is a market correction, though our exports are getting affected because of it," said an official Financial Astrology
Other products which gave a rude shock in terms of exports are mineral fuels, oils, waxes, ores, slags and ash. Recording a negative growth of 95%, the total exports fell from Rs 171 crore in 2013-14 to Rs 8.53 crore in 2014-15. The exports were worth Rs 1,052 crore in 2012-13. According to the officials, all these products were exported to China where the demand has virtually vanished.
However, chemical and allied products were in demand. Though growth was insignificant, in terms of export value it stood at Rs 4,140 crore Share Market Astrology
posted by Naresh Jain @ 00:43
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