India has trade deficit with 75 countries; China, Russia top the list: GTRI
India’s trade surplus to 151 countries included 55.8% of its exports and 16.5% of its imports valued at $72.1 bn in the first half of the year
India’s trade surplus to 151 countries included 55.8% of its exports and 16.5% of its imports valued at $72.1 bn in the first half of the year
Merchandise imports for October shot up 12.3% to $65.03 billion, as compared to $57.91 billion in October 2022.
The surge in trade between India and the Netherlands is attributed to an increase in shipments of petroleum products, electronic items, chemicals and aluminium goods.
The Finance Bill, 2022 has introduced Section 135 AA in the Customs Act of 1962 making unauthorised publishing of trade data a punishable act.