Exports decline-Impact of Greek Debt Crisis

The Greek Debt crisis has impacted India's bilateral trade with Greece.

Values in US $ Millions

Export/Import/ Growth

2014-15

2015-16
(Prov.)
Apr-Jun

Exports

360.84

84.75

% Growth

7.67

(-) 15.45

Imports

127.75

39.36

% Growth

16.73

11.95

Total Bilateral Trade

488.59

124.11

% Growth

9.90

(-) 8.33

The volume of software and engineering exports of India to Greece is not very large hence there is negligible impact, however there is not much impact on Eurozone.

No trickle-down effect of the crisis in India is anticipated at this stage; however, institutional mechanism is in place with Greece where steps can be discussed.

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