Business Leaders Sustainable Development Foreign Trade Food or goods - what will be expensive ?

Business Leaders- Vision 2020

Ashica & Vishnu

Present

Future
Future leader are most bullish 81% of Business Leaders in India described themselves as innovative Technology, media and telecom, manufacturing, consumer goods and services are considered as responsible for the most innovations. However, areas including education, electric power are in need of innovations.

Future proceedings . ..
A 10% particulate emission reduction will lower GDP only modestly. GDP will be about $46 billion lower in 2030 due to interventions, representing a loss of 0.3 % compared to business as usual. A 30% particulate emission on the other hand reduction will lower GDP by about $97 billion, or 0.7 %. GDP growth rate will be negligibly reduced by about 0.02 to 0.04% in both scenarios. There will be significant health benefits under both scenarios which will compensate for the projected GDP loss. The savings from reduced health damages will range from $105 billion in the 30% case and by $24 billion with a 10% reduction. Under both the scenarios, another important benefit would be a substantial reduction in CO2 as a co-benefit which has a potential of being monetized. Reference: http://www.worldbank.org/en/news/feature/2013/07/17/greengrowth-overcoming-india-environment-challenges-promote-development

PRESENT
EXPORTS :Cumulative value of exports for the period April-November 2013 14 was US $ 203989.66 million registering a growth of 6.27 per cent in Dollar terms and growth of 17 per cent in Rupee terms over the same period last year. IMPORTS:Cumulative value of imports for the period April-November, 2013-14 was US $ 303891.89 million registering a negative growth of 5.39 per cent in Dollar terms and growth of 3.55 per cent in Rupee terms over the same period last year. CRUDE OIL AND NON-OIL IMPORTS: Oil imports during April-November, 2013-14 were valued at US $ 111058.5 million which was 2.8 per cent higher than the oil imports of US $ 108076.3 million in the corresponding period last year. TRADE BALANCE The trade deficit for April-November, 2013-14 was estimated at US $ 99902.23 million which was lower than the deficit of US $ 129233.91 million during April-November, 2012-13.

FUTURE OUTLOOK
The future of the foreign trade depends on both internal and external factors Globalization and liberalization Potential to emerge as a hub for international trade according to figures in IMF (G15 country) According to research conducted India will lead in the exports of infrastructure goods

Future of Food
Studies shows a .5 percent decrease in food production due to climate and .8 percent decrease due to lack of agricultural land. So the decrease in production of food may lead to increase in prices of food. Expected cost of rise in food.
Rice Cereals , Wheat Fruits and vegetables 20% 40% 30%

Rise in Food Prices [2005-13]

Food VS Goods
Food is more of a basic necessity than goods. The consumption pattern of Food and goods in India for the past 10 years have really changed. Food consumption rate is growing 1.5 times that of all commodities, So we can say that food prices will be higher than goods prices in 2020.

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