Trade Deficit

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Trade Deficit - Total results - 206
At $0.6 bn, India records current account surplus in fourth quarter of FY20 for first time in 13 years, says RBI
India

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.

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

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%
Business

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%
Business

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

India's current account deficit narrows to $1.4 billion in December quarter as net services receipts rise
Business

India's current account deficit narrows to $1.4 billion in December quarter as net services receipts rise

The sharp contraction was primarily due to a lower trade deficit at $34.6 billion, and a rise in net services receipts, the central bank said.

ASEAN Secretariat invites India for RCEP meeting next month in Bali, govt yet to decide on participation
Business

ASEAN Secretariat invites India for RCEP meeting next month in Bali, govt yet to decide on participation

The RCEP, comprising 10-member ASEAN bloc and six other countries India, China, Japan, South Korea, Australia and New Zealand, is engaged in negotiations for a free-trade pact.

Exports contract for fifth straight month, drop 1.8% to $27.4 bn in December; trade deficit narrows
Business

Exports contract for fifth straight month, drop 1.8% to $27.4 bn in December; trade deficit narrows

The country's exports contracted for the fifth month in a row by 1.8 percent in December 2019 to $27.36 billion, according to data released by the commerce ministry on Wednesday

India-China trade dips by nearly $3 bn in 2019; decline in trade attributed to slowdown in two countries
Business

India-China trade dips by nearly $3 bn in 2019; decline in trade attributed to slowdown in two countries

The bilateral trade in 2018 totalled to $95.7 billion raising hopes of India-China trade touching the landmark $100 billion in 2019.

Gold imports plunge 12% to hit three-year low in 2019, record high prices dent demand; trade deficit narrows
Business

Gold imports plunge 12% to hit three-year low in 2019, record high prices dent demand; trade deficit narrows

In August last year, the domestic spot gold prices surged to a life-time high of Rs 40,220 per 10 grams due to worries over a possible global recession and uncertainty over the US-China trade talks.

Gold imports dip 7% in April-November to $20.57 bn; trade deficit narrows to $106.84 bn
Business

Gold imports dip 7% in April-November to $20.57 bn; trade deficit narrows to $106.84 bn

India's gold imports, which have a bearing on the current account deficit (CAD), fell about 7 percent to $20.57 billion during April-November period of the ongoing financial year, according to the commerce ministry data

Exports contract marginally to $26 bn in November; trade deficit narrows to $12 bn
Business

Exports contract marginally to $26 bn in November; trade deficit narrows to $12 bn

India's exports contracted marginally by 0.34 percent in November to $25.98 billion, while imports slowed to $38.11 billion, bringing down the trade deficit to $12.12 billion

Exports decline 1.1% in October, imports contract 16.3%; trade deficit narrows to $11 bn
Business

Exports decline 1.1% in October, imports contract 16.3%; trade deficit narrows to $11 bn

The country's exports dipped by 1.11 percent to $26.38 billion in October on account of contraction in sectors like petroleum and leather

China, US agree on plan to remove tariffs imposed on two-way goods in stages amid year-long trade war
World

China, US agree on plan to remove tariffs imposed on two-way goods in stages amid year-long trade war

China and the United States have agreed a plan to remove tariffs imposed on two-way goods in stages, the commerce ministry said Thursday, as negotiators try to hammer out a trade deal.

Donald Trump vowed to shrink trade gap, but it's growing as exports slip by $7 bn, imports jump by $17.8 bn
World

Donald Trump vowed to shrink trade gap, but it's growing as exports slip by $7 bn, imports jump by $17.8 bn

Donald Trump has long pointed to the trade deficit — when the value of what the country imports exceeds its exports — as proof that unfair practices by China and other countries have been hurting the US.

Investment Promotion Board to offer single-window clearance for new projects in Goa, says Chief Minister Pramod Sawant
Business

Investment Promotion Board to offer single-window clearance for new projects in Goa, says Chief Minister Pramod Sawant

Goa chief minister Pramod Sawant, who heads the IPB, told reporters that it has been decided to eradicate the cumbersome processes that were delaying the clearance of various investment proposals presented before the board.

Exports dip 6.57% in September, imports contract 13.58%; trade deficit narrows to $10.86 bn
Business

Exports dip 6.57% in September, imports contract 13.58%; trade deficit narrows to $10.86 bn

India's exports contracted by 6.57 percent to $26 billion in September mainly due to significant dip in shipments from key sectors such as petroleum, engineering, leather, chemicals, and gems & jewellery

Exports decline 6% to $26 bn, imports fall 13% to 39.6 bn; trade deficit narrows: Commerce ministry data
Business

Exports decline 6% to $26 bn, imports fall 13% to 39.6 bn; trade deficit narrows: Commerce ministry data

India's exports dropped by 6.05 percent to $26.13 billion in August compared to the year-ago month, official data released on Friday showed

US expresses concern over trade deficit with India, challenges faced by American firms to invest here
Business

US expresses concern over trade deficit with India, challenges faced by American firms to invest here

The US on Friday expressed concern over the trade deficit with India and the challenges being faced by American companies to invest here