The Czech Republic’s cement output declined 1.2 per cent YoY to 4.51Mt in 2020, which was still the second-highest level since 2008, according to preli.
Non-basmati exporters said exports of non-basmati rice will be 10 per cent lower compared to FY21, while basmati exporters say that if high freight rates and non-availability of containers continue, exports will be lower by 25 per cent compared to FY21.
Cement sales in Brazil remained almost level in July 2021 at 5.9Mt, representing a 0.1 per cent YoY increase from 5.897Mt in July 2020, according to SN.
C+I+G+(X-M) This ubiquitous equation which adds up the country's GDP is one that may need concentrated attention as the Indian economy emerges from the Covid crisis.
Which of those components will contribute to GDP growth? Will it be C or consumption? Will it be I or private investment? Will G, or the government, have to do the heavy lifting? Or can (X-M) or net exports give the economy the much-needed boost?
JPMorgan's Sajjid Chinoy believes that two of these components could support growth in the economy over the next six to eight quarters.
"We have actually laid down a roadmap on how we hit $500 billion in merchandise exports and when we hit a trillion-dollar exports. Our guess is that, by 2027-28, very very modest estimates, we should touch $1 trillion figure in exports of merchandise," Subrahmanyam said.