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Congress Leader Singhvi Wrong On Most Export Stats

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Congress Leader Singhvi Wrong On Most Export Stats

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“After 30 foreign visits and another four lined-up, all that Modi has achieved for the nation during his 18-month tenure is a whopping drop of 44.89 per cent in Indian exports, from 280 billion dollars in May 2014 to 154 billion dollars today,” Congress spokesperson Abhishek Singhvi told reporters recently, taking a jibe at Prime Minister Narendra Modi.

 

Most of the statistics provided by Singhvi are wrong, based on data from the commerce ministry.

 

Claim 1:

 

Exports declined from $280 billion in May, 2014 to $154 billion today, showing a whooping drop of 44.89%, Singhvi claimed.

 

Fact:

 

India’s exports in May 2014 totalled $28 billion. The comparative figure quoted for “today” is the cumulative total from April to October 2015. Thus, the comparative calculation does not match the claim.

 

India’s cumulative exports during April to October, 2014 totalled $190 billion as against $154 billion in April to October, 2015, a decline of 19%. Not 45% as claimed by the Congress.

 

India’s Total Exports, April 2014 to October 2015

India’s Total Exports, April 2014 to October 2015

2014 EXPORTS CUMULATIVE
April 26
May 28 54
June 26 80
July 28 108
August 27 135
September 29 164
October 26 190
November 26 216
December 25 241
2015 EXPORTS CUMULATIVE
January 24 265
February 22 287
March 24 311
April 22
May 22 44
June 22 67
July 23 90
August 21 111
September 22 133
October 21 154

Source: Press Information Bureau: (2014: April, May, June, July, August, September, October, November, December; 2015: January, February, March,April, May, June, July, August, September, October); Figures in $ billion

 

Claim 2

 

Despite “all the hoopla” created by the Modi government around the ‘Make In India’ initiative, Indian exports have contracted for 11 straight months now, and plummeted by 17.6% to just 154.29 billion dollars in October.

 

Fact

 

The claim made here of a straight fall of 11 months does not seem to be true.

 

India’s exports during the past (December 2014 to October 2015) 11 months have seen fluctuations, and not a straight fall.

 

The previous high ($29 billion) was reported in September 2014 after which exports have read a constant decline.

 

Claim 3

 

Under the Congress-led UPA government, India’s exports crossed the targeted $300 billion and stood at $315 billion in March 2013.

 

Fact

 

India’s exports in March 2013 (considering financial year 2012-13) stood at $300 billion and not $315 billion as claimed. Exports were reported at $314 billion in March 2014 (considering financial year 2013-14).

 

INDIA’S EXPORTS OVER FIVE YEARS
YEAR EXPORTS
2010-2011 250
2011-2012 306
2012-2013 300
2013-2014 314
2014-2015 310

Source: Ministry of Commerce; Figures in $ billion

 

Exports declined from $314 billion in 2013-14 to $310 billion in 2014-15, the past financial year.

 

Singhvi’s claim that Modi made 30 foreign visits is correct. The Prime Minister visited 28 countries, with two visits each to Nepal and the US.

 

Countries Visited By Modi Over 18 Months

countriesModiVisited_FINAL

Source: Ministry of External Affairs; Note: Data up to November 16, 2015. Click on the map to view a larger image.

 

This article has been republished from FactChecker.in

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