Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "'Something worrying is happening in economy, Modi govt must shift focus to commerce ministry'" video.

  1. Worsening Economic Scenario Calls for Modi Government's Shift in Focus to Commerce Ministry in India 📈 It is time for Prime Minister Modi to prioritize the Commerce Ministry in economic policy due to international trade concerns and declining exports and imports. 00:14 The Commerce Ministry should assume pole position in economic policy due to larger economic ramifications of international trade concerns. 00:14 Prime Minister Modi should stress the difference between agility and skittishness in the Commerce Ministry's actions. 00:53 India is facing a decline in both merchandise exports and imports over the past 8 months, disproportionately affecting MSME exporters. 01:22 The decline in exports is largely due to the global economic slowdown, while the decline in imports raises concerns about manufacturing and consumption. 01:53 India saw high double-digit growth in petroleum exports in 2021-22 due to post-pandemic European exuberance and cheap Russian crude oil imports. 02:25 📉 India's merchandise export growth has contracted for the last 7 months, largely due to Europe's struggling economy and India's trade policy decisions. 03:18 India's merchandise export growth has contracted for 10 out of the last 12 months. 03:18 60% of India's merchandise exports are accounted for by msmes, which are directly affected by the decline. 03:36 India's decision not to join the regional comprehensive economic partnership (ARP) has impacted its export opportunities. 04:08 Asia's share in India's export destinations has fallen from 47% to 38%. 05:14 India should consider export incentives directed at Asian markets or diversification towards Africa and South American countries. 06:16 💡 The video discusses the importance of India's pivot in its economy, the decline in imports, and the impact of geopolitical issues on the country. 06:50 The decline in both oil and non-oil imports should be a concern for the government. 06:50 Geopolitical issues, such as oil prices and supply disruptions, directly affect India's economy. 07:34 Costlier oil impacts government finances, inflation, foreign exchange reserves, and corporate profitability. 07:58 India should prioritize securing favorable oil prices and not rely on autopilot. 08:22 India needs to pivot quickly from exporting to Europe to exporting to Asia. 08:38
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