India’s trade deficit swells to $27.1 bn in October, exports rise 17.3%
Merchandise imports increased by 3.9% to $66.34 billion in October, compared to $63.86 billion in the same month last year.
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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
Q2 merchandise exports growth to slow down to 4.2% at $111.7 bn: Exim Bank
Non-oil exports are forecast to touch $89.8 billion in Q2 FY25, with a y-o-y growth of 6.26%, the Exim Bank data shows
Oil, gold imports drive up India's trade deficit in April
India’s merchandise imports in April 2024 were $54.09 billion, as compared to $49.06 billion in April 2023.
Goods exports dip 3% in FY24, imports fall faster
The increase in export of services from India is expected to compensate for the decline in merchandise exports.
India's annual trade deficit widens to $17.49 bn in Jan
Overall trade deficit dipped 37.11% to $70.43 billion in April-January 2023-24 from $111.99 billion in the year-ago period.
ASEAN, South Korea, Japan FTAs increased India's goods trade deficit
The GTRI report points out that India's exports to these FTA partners have increased at a lower rate than its imports.
India's goods exports at $38.45 bn, marginally higher in December
The goods imports during the month showed a decline from $61.22 billion in December 2022 to $58.25 billion in December 2023.
It’s Not Double-engine Growth!
While India's consumption demand and trade deficit were a dampener, the gross fixed capital formation grew by a solid 11%, a double-digit growth for the first time in five quarter.
Trade deficit shrinks 39% in Apr-Nov
India exported $ 33.9 billion worth of goods in November 2023, marginally lower than $34.89 billion in November 2022
