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India Front Line Report
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2016-05-17 ArtNo.45739
◆Exports fall for 17th month in April




【New Delhi】India’s merchandise exports fell in April for a 17th month, and at a sharper pace than in March. The earlier longest declining streak was for nine months, during the 2008-09 global financial meltdown.
 The decline in April was 6.74 per cent, against 5.47 per cent in March, showed data issued by the government on the 13th of May. Exports contracted to $20.6 billion in April, against $22.05 bn in April 2015. The earlier growth was in November 2014, up 7.27 per cent year-on-year.
 Beside global slowdown, the dip is attributed to falling commodity prices and sluggishness in the Chinese economy, among others. Imports declined 23.1 per cent to $25.4 bn in April against the year-ago period, when it was $33 bn.
○India-Japan ties: Growing interest as bilateral trade doubles in past 10 years




【New Delhi】In the past decade, bilateral trade has doubled, which is a clear indication of the two countries’ growing interest in each other
 A decade ago, not many people in India had tried ‘sushi’, fewer would have used ‘San’ while addressing someone and almost no one would have known of ‘Shinkansen’. However, our Japanese vocabulary has grown rapidly over the past few years, with India and Japan coming closer in friendship than ever before in the history of the two nations.
 Bonded by the collective ideologies of democracy, broad-mindedness and diversity, the countries share an analogous cultural and social link. With political relations between them continuing to be warm and cordial since India’s independence almost seven decades ago, the relationship between the two has bloomed in the last decade, with Japan making mega investments in India.
○Barack Obama to make historic Hiroshima visit:The Hindu U.S Correspondent




【Washington】Barack Obama will become the first U.S. President to visit Hiroshima, the first target of an atomic bomb 70 years ago, the White House announced on Tuesday (10-05-16).
 Only months ahead of the November presidential election, Mr. Obama’s trip to Hiroshima is fraught with serious risks — to his own legacy and the chances of the Democratic nominee. The Republicans have accused Mr. Obama of being on a perpetual global apology tour — referring to his various remarks that sought to recalibrate U.S. positions towards Europe, the Muslim world and the war on terror.
 Many conservative commentators and politicians think Mr. Obama’s foreign policy has diminished the superpower status of the U.S. Republican candidate Donald Trump’s ‘Make American Great Again’ slogan is substantially based on this sentiment.
 In a preemptive move, Ben Rhodes, Deputy National Security Advisor for Strategic Communications said, “He will not revisit the decision to use the atomic bomb at the end of World War-II. Instead, he will offer a forward-looking vision focussed on our shared future.” (The Hindu U.S Correspondent Varghese K George)
【News source】

Exports fall for 17th month in April

India-Japan ties: Growing interest as bilateral trade doubles in past 10 years

Barack Obama to make historic Hiroshima visit

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