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India had the lowest merchandise exports in 2011
Jul 24, 2012

With the rupee falling so rapidly, exporters in India would largely stand to benefit in the form of higher earnings. And to some extent, higher volume of exports would also help ease some of the pressure off the government deficit. However, today's chart of the day shows that compared to other countries, India's exports in value terms in 2011 were quite lower. There is an upside to this as well. India is an economy driven by domestic consumption. One of the reasons why that made it resilient to the 2008 global crisis was that unlike China which was heavily dependent on exports, India could bank on consumption back home.

Data Source: The Economist

This Chart Of The Day was published in The 5 Minute WrapUp - Is India a bubble waiting to burst?

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