Exports decline-Impact of Greek Debt Crisis
The Greek Debt crisis has impacted India's bilateral trade with Greece.
Values in US $ MillionsExport/Import/ Growth
2014-15
2015-16
Exports
360.84
84.75
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% 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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