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Trade deficit News
India raises serious concerns over growing trade deficit with South Korea; says win-win approach must
Sat, Nov 05, 2022
The issue came up for discussion during the ninth 9th round of the India-Korea comprehensive economic partnership agreement up-gradation negotiation, which was held in Seoul on November 3-4.
India's exports dip by 3.52% to $32.62 billion in September; trade deficit widens to $27.72 billion
Tue, Oct 04, 2022
In August, the outbound shipments rose marginally by 1.62 per cent to USD 33.92 billion, while the trade deficit more than doubled to USD 27.98 billion due to increased crude oil imports.
Current Account Deficit likely to remain within 3% of GDP in 2022-23 on higher commodity prices globally, says RBI article
Sat, Sep 17, 2022
The widening trade deficit, or the gap between the value of imports and exports, puts pressure on the balance of payments.
India's trade deficit more than doubles to $27.98 billion in August 2022
Fri, Sep 16, 2022
According to Commerce Ministry data, India's merchandise exports went up by 1.62% to $33.92 billion in August 2022 against $33.38 billion recorded in the corresponding period of last year
India's trade deficit widens 139% to $27.98 billion in August
Thu, Sep 15, 2022
According to Commerce Ministry data, India's merchandise exports went up by 1.62 per cent to $33.92 billion in August 2022 against $33.38 billion recorded in the corresponding period of last year.
India's trade worries grow as exports lose steam, imports surge - know what analysts, experts say
Sun, Sep 04, 2022
On Saturday, the government released preliminary data that showed India's exports fell by 1.15 per cent year-on-year to USD 33 billion in August, while imports rose 36.8 per cent to USD 61.7 billion.
Exports dip 1.15% to US $33 billion in August; trade deficit widens to US $28.68 billion
Sun, Sep 04, 2022
Oil imports in August jumped by 86.44 per cent to USD 17.6 billion. However, gold imports dipped by 47.54 per cent to USD 3.51 billion, the data showed.
India's record trade deficit in June adds pressure on currency
Tue, Jul 05, 2022
India`s June trade deficit widened to a record $25.63 billion, pushed by a rise in crude oil and coal imports, from $9.61 billion a year ago, adding to fears of further pressure on the rupee.
What is Trade Surplus and Trade Deficit?
Thu, Jun 02, 2022
What is the concept of trade surplus and trade deficit. These two terms are the direct indication of whether a country's economy and trade are getting positively impacted or negatively. Here's all you need to know.
High oil prices, trade deficit to subdue rupee - What is expected in the coming week?
Sat, Feb 19, 2022
High Crude oil prices along with a wider monthly trade deficit is expected to subdue the Indian rupee in the coming week.
India's exports grew around 60% in March for the first time in a month
Fri, Apr 02, 2021
India’s merchandise exports rose by over 58.2 per cent for the first time ever in a month. It crossed USD 34 billion in March 2021 as compared to USD 21.5 billion in March 2020, a Ministry of Commerce and Industry report released on Thursday said.
Trade data: Exports grow marginally, imports up 4.5 pct in April
Wed, May 15, 2019
India's exports rose marginally by 0.64 per cent in April to USD 26 billion while imports increased by 4.5 per cent to 41.4 billion compared to the year-ago month.
Exports up 2.44% in Feb; trade deficit narrows: Commerce ministry data
Fri, Mar 15, 2019
The trade deficit has widened to USD 165.52 billion during the 11 months of the current fiscal from USD 148.55 billion compared to the year-ago period, the data said.
China says no to India's proposal for bilateral trade in domestic currencies
Sun, Dec 02, 2018
The issue was discussed in an inter-ministerial meeting in October. In the meeting, it was suggested to the Reserve Bank of India and the Department of Economic Affairs would look at the possibility of exploring renminbi-rupee trade with China.
India's exports enter negative zone, dip 2.1% in Sept
Tue, Oct 16, 2018
During April-September 2018-19, exports recorded a growth of 12.54 per cent to USD 164 billion. Imports during the period rose by 16.16 per cent to USD 258.36 billion, leaving a trade deficit of USD 94.32 billion in the first half of the current fiscal.
US trade deficit rises to five-month high on declining exports
Wed, Sep 05, 2018
Economists polled by Reuters had forecast the overall trade deficit swelling to $50.3 billion in July. The trade gap continues to widen despite the Trump administration`s "America First" policies, which have left the United States embroiled in tit-for-tat tariffs with the European Union, Canada and Mexico as well as an escalating trade war with China.
Petroleum, crude oil drives India's imports; CAD may deteriorate to $14 bn in Q4FY18: ICRA
Sat, Apr 14, 2018
Gap between exports and imports which widened by 28.5% in the last quarter of FY18 and took the trade deficit near $87.2 billion during the fiscal.
India, China agree to draw roadmap to address trade deficit: Com Min
Tue, Mar 27, 2018
India and China have agreed to draw a roadmap with clear timelines to boost bilateral trade in a sustainable manner, the commerce ministry said today. Trade and other related issues were discussed during the meeting of China-India joint-group on economic relations, trade, science and technology h
India: State of the economy at a glance
Fri, Mar 16, 2018
Exports in February jumped 4.5 per cent to $25.8 bn.Imports in same period have risen 10.4 per cent to $37.8 bn.
Make in India not protectionist strategy, says Indian diplomat
Thu, Mar 01, 2018
Participating in a panel discussion on 'Deepening US-India Trade Ties: Focus on States' organised by the Center for Strategic and International Studies, Indian diplomat Chawla said that India and the United States were not horizontally competitive economies, but were vertically integrated economies. It is important for economies of large size to reap the benefits of their market size, on their jobs growth potential by creating local ecosystems, he noted.