Ministry of Commerce & Industry launches Foreign Data Dashboard
Q. To provide ease of access to public with regard to Indian export, import and balance of trade data in analytical form, Commerce and Industry Ministry launched a Dashboard on which trade data?- Published on 12 Oct 16a. National
b. Domestic
c. Local
d. Foreign
ANSWER: Foreign
As part of the initiative of the Ministry of Commerce & Industry, to provide easy access to the public with regard to Indian export, import and balance of trade data in an analytical format over time and space, Commerce and Industry Minister Nirmala Sitharaman launched a new enhanced Dashboard on Foreign Trade Data.
- The technology will be used for transparent decision making and reaching out to people using real time data
- This dashboard is an improved version of the earlier EXIM Analytics Dashboard developed with many added feature
- It is user friendly, intuitive and provides an accurate picture of the dynamics of foreign trade performance of India
- The new dashboard gives a graphical collection of imports, exports and balance of trade of India
- The new dashboard has an interface providing the user to study Exports, Imports and BOT views
- Import view gives a sharp perspective of how Indian imports have changed compared to the previous year
- Countries can be sorted by Import value and the corresponding value of export trade
- Digitisation of government records and tactic analytics is crucial for fast and effective evidence based planning and policy evaluation
- This plays an important role in effective and transparent governance
- Dashboard also provides an enabling environment to importers and exporters to identify and access international trade opportunities based on reliable and updated information accessible to the public through the government.
