Trade Deficit

Contraction in exports, surging imports raise concerns over India's widening trade deficit

On Saturday, the government released preliminary data that showed India's exports fell by 1.15 per cent year-on-year to $33 billion in August, while imports rose 36.8 per cent to $61.7 billion

Centre cuts windfall tax on diesel, ATF export; levy on domestic crude oil raised

The measures come hours after data showed that India's trade deficit ballooned to a record high in July, as elevated commodity prices and a weak rupee inflated the country's import bill

Exports rise by 15.46% to $37.3 billion in May; trade deficit balloons to $23.33 billion

Meanwhile, imports during May 2022 grew by 56.14 per cent to $60.62 billion and the trade deficit stood at $6.53 billion in the same month last year, according to the commerce ministry

Inflationary surge is a global phenomenon today, but Modi’s India has done much better than others

The BJP government has repaired and reinvigorated the Indian economy, with Prime Minister Narendra Modi taking the lead in combining the best of both — welfarism and unrelenting reforms

India's exports jump 45% to $33.14 bn in August 2021; trade deficit at $13.87 billion

The exports during April-August 2021 stood at $163.67 billion, an increase of 66.92 percent over $98.05 billion in the same period a year ago, the data showed

At $0.6 bn, India records current account surplus in fourth quarter of FY20 for first time in 13 years, says RBI

The RBI data also showed the current account deficit for the October-December quarter of fiscal 2019-20 was revised to $2.6 billion or 0.4 percent of GDP from $1.4 billion earlier.

Exports plunge record 60.28% to $10.36 bn in April, pandemic hits imports too; trade deficit narrows to $6.7 bn

The country's exports had contracted by 34.57 percent in March 2020.

India's gold demand may hit three-decade low as lockdown hits festivals, weddings; slowing economy, pay cut woes haunt industry

Even before the lockdown gold demand was faltering in India and imports plunged 55 percent in March quarter due to a record high prices.

Exports plunge 34.6% in March to $21.4 bn, steepest fall since FY09; imports down 28.7%

India's exports plunged by a record 34.57 per cent in March due to a steep decline in shipments of leather, gems and jewellery and petroleum products, dragging the total exports in 2019-20 down to $314.31 billion, official data showed on Wednesday

Exports post first rise in seven months, grow by 2.91% to $27.65 bn in February; imports up 2.48%

India's exports rose for the first time in seven months in February growing by 2.91 percent to $27.65 billion, according to the commerce ministry data released on Friday