Financial Journalism

Financial journalism class started with presentation by two students. This  week the subject of presentation was “CAN INDIA BECOME THE NEXT TRADING SUPER POWER” Simran and Pakhee were speaking for and against the motion respectively.

Simran emphasised on two main factors which can lead India as next trading super power.Begining with demographic constituent , she said dependent population of our country is decreasing fast ., most of the population is contributing to the economy ofthe country. Huge Market lures the foreign investors so gradually increase purchasing power .

Secondly she emphasises on our export of services to the world .India being a largest English speaking nation, we provide low cost effective educated people for out sourcing .

Pakhee speaking  against the motion put forward challenges which India faces in its export business.she said to become a powerful trade nation India need to check on its policies and redesign it India need to check out on its infrastructure facility. Observing  current rupee fall and inflation clouded all over the country its almost cannot stand as trade superpower of the world.

After the presentation  Mr Badrinath spoke on the new insight to trade story of India .Should India always depend only on services ?

He presented  that India  doesnot depend only on services .Our trade is dependent on services and manufacture industry.Various products which we export are:

Gems and jewelleries.

Engineering goods.

Chemicals

Pharmaceticual,[Bulk drugs ]

Leather

Textiles , cotton products

Handicraft

Electronics

While we export a number of products we import also a lot of product .india is on tenth largest importer  which is 1.6%of the world .So India need to check on its export business and further  need to pay attention on our infrastructure , Training and educating labours, improvement of handicraft packaging industry, quality improvement.

We have  growing  manufacture economy which is slow  but steady.The positive factors  favouring  our  trading system and help to become a big powerful trade centre are

Bilateral  agreement

Free trading agreement  with two dozens  countries

India is associated member of ASEAN.

G77 invited member

BRICS member

Big trading patners with UAE, Singapore.

We will be doing export business  upto 500 million dollar in 2017.

We are sixth large exporter of services  while seventh largest importer of services.

Though India has both positive and negative points  on its trade story .India need to check on its policy and free trade to become a trade power of the world.