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Trade deficit News
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.
Exports up 9% in Jan; trade deficit widens to over 3-year high
Thu, Feb 15, 2018
India's exports grew by 9 per cent to USD 24.38 billion in January, helped by a healthy growth in shipments of chemicals, engineering goods and petroleum products, even as the trade deficit widened to an over three-year high.
India's external sector continues to be strong: Economic Survey
Mon, Jan 29, 2018
India’s external sector continued to be resilient and strong in 2017-18, observed the Economic Survey 2017-18 tabled in Parliament today by Union Finance & Corporate Affairs Arun Jaitley. International Developments
Rupee wobbles on gushing trade deficit woes amid rising crude
Sat, Jan 20, 2018
Stretching its losses for the second-straight week, the home currency depreciated by 21 paise to end at 63.84.
After a blip, exports jump 30.55% to over $26 billion in November
Sat, Dec 16, 2017
After a brief pause, exports rose 30.55 per cent to USD 26.19 billion in November on account of improved global demand, government incentives and simplification of GST refund process.
India's trade deficit narrows to $8.98 billion in September; exports rise by 26% yoy
Fri, Oct 13, 2017
Trade deficit is considered as an economic measure of international trade - in which a country's imports exceeds its exports.
Trade deficit narrows to $13 billion in June
Fri, Jul 14, 2017
India`s trade deficit narrowed more-than-expected to $12.96 billion in June as gold imports nearly halved from a month earlier, government data showed on Friday.
India's trade deficit widens to $ 13841.72 million in May
Thu, Jun 15, 2017
Taking merchandise and services together, overall trade deficit for the first two months of FY18 was at $ 27090.91 million compared to $11117.77 million during April-May 2016.
India's current account deficit at $ 3.4 billion in Q4FY17
Thu, Jun 15, 2017
RBI said India's CAD stood at $3.4 billion which was 0.6% of GDP in Q4FY17 higher from $0.3 billion in similar period of previous year.
India GDP growth to remain flat at 7.1% in FY18: HSBC
Sun, Jun 04, 2017
India's economic growth is expected to remain flat at 7.1 % in current fiscal as investment is still weak and government spending might not be as high given the fiscal consolidation, says an HSBC report.
What will India's FY18 GDP growth look like?
Fri, Jun 02, 2017
Demonetisation may have impacted India's GDP growth for the fourth quarter ended March 31, 2017 but its effects may not be over so soon.