How Imports and Exports Affect You | Economics

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In this video we will see some interesting facts about Imports and Exports. How it affects consumers, economy, GDP etc. With the GST being launched from July 1, imports and exports will directly depend on new tax rules. Imports are an important indicator and a vital component of the economy. A high level of imports indicates robust domestic demand and a growing economy. When net exports exceeds net imports, the nation has a trade surplus. When the imports are higher than the exports trade deficit occurs. so the bottom line is Imports and exports has a major impact on the consumer and the economy directly, and the same is true when seen the other way round.

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gr8 vdo sir ...u made my concept very. clear..Thank you sir..keep teaching us..

vkmishra

PERFECT!!
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wondrousmorning

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AdityaDubeyLesson

This is a really good brief explanation. Thanks!

bladder

Great lecture! Makes it very easy to understand the concepts. I had difficulties understanding my lecturers.

rwalphonse

I like your explanation with simple examples. Keep it up sir.

jordywilsonsupit

So nicely explained in simple words 👍 good job sir

kurmaraomanjhi

2:31
With all due respect
In case of inflationary scenario in domestic markets, imports tend to increase as goods are cheaper in international market compare to domestic one...one the other hand exports tend to decrease as a foreigner has to shell out more money...
(Provided exchange rate is constant before and after inflation)

& That is why inflation results in unfavorable balance of payment (BOP)
Otherwise your teaching style is great as always🙌

rushikeshlokhande

thanks Sir. your videos helps every one

swathymohana

I can understand clearly sir.thank you so much sir

shivaswamyvc

like your explanation with simple examples. Keep it up sir.

gowzufo

Gd evng sir...i have a question pl make me understand it...Q. raise of import duty on gold n petrol by the govt just aiming at raising revenue or it has any other objective

indurawat

thanku this is going to help my seminar tomorrow

thehappypeople

Sir make me clear on this. High inflation means price of domestic goods increases but price of foreign good is constant so people tend buying more foreign goods. So it eventually rise our imports.. Nd down to our export.. Plzz make this clear sir....

shubham