ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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World Money-unconvincing Gloss

IF we are to believe the Groundnut Extractions Export Development Association (GEEDA), India's exports of groundnut extractions increased from 6.63 lakh tonnes in 1969 to 7.52 lakh tonnes in 1970 and to a new record of 8.50 lakh tonnes in 1971, which heats the previous highest level of 8.41 lakh tonnes achieved in 1964. So, one may say, the GEEDA has justified its creation. The government's export statistics however, tell a different talc. Acceding to (he Monthly statistics of the Foreign Trade of India, published by the Director-General of Commercial Intelligence and Statistics, (DCCIS), Calcutta, exports of groundnut extractions, which were around 7.10 lakh tonnes in 1968, dropped sharply to 5.27 lakh tonnes in 1969 following the birth of GEEDA. Thereafter exports no doubt recovered to 6.55 lakh tonnes in 1970, but only to slide back to 6.3'} lakh tonnes in 1971. Thus if the government's statistics, and not GEEDA's arc to be believed, the export performance in groundnut extractions since 1969 hardly docs credit to GEEDA.

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