India's goods trade deficit widens to $27.14 billion in October as imports surpass exports
Mumbai/IBNS: India's merchandise exports surged 17.23 percent year-on-year (YoY) in October, reaching $39.2 billion, the fastest growth in 28 months, fueled by strong demand in key markets ahead of the Christmas season.
India's trade deficit narrows sequentially to $20.78 billion in September
New Delhi/IBNS: India’s trade deficit narrowed to a five-month low of $20.8 billion in September, down from $29.7 billion in August, as per data released on Wednesday (Oct. 16).
Merchandise exports fall in July 2024 on muted demand for petroleum products
New Delhi: India’s merchandise exports fell after three months in July 2024, down 1.48 percent to $33.98 billion compared to $34.49 in July 2023 on the back of subdued global demand and geopolitical challenges.
India's January-March current account balance at 0.6% surplus riding on high service exports
Mumbai: India's current account balance recorded a surplus in the January-March quarter, driven largely by higher service exports and private transfer receipts, according to the Reserve Bank of India (RBI).
India's current account deficit reduces to $10.5 billion in Dec qtr: RBI
New Delhi: India's current account deficit lessened to $10.5 billion or 1.2 percent of the GDP in the October-December quarter, from $11.4 billion in the preceding three months and $16.8 billion a year earlier, Reserve Bank of India (RBI) said on Tuesday.
India's Oct merchandise trade deficit widens to record level as gold imports jump by 95% YoY
New Delhi: India's merchandise trade deficit widened to an all-time high level in October, bolstered by a 95 percent jump in gold imports, the commerce ministry said on Wednesday.
India intensifies efforts to reduce trade deficit with Russia; focuses on exports
New Delhi: The Union Commerce Ministry has intervened to address the increasing trade deficit between India and Russia, media reports said.
Trade deficit dips to lowest in 1 yr at $17.75 billion; exports, imports shrink
New Delhi/IBNS: The trade deficit in the month of January dipped to the lowest in a year at $17.75 billion, as both merchandise exports and imports dropped for the second consecutive month amid lukewarm external demand and a steep decline in gold imports.
India's crude oil imports jump by 53 pc during Apr-Nov period, shows latest govt data
New Delhi/IBNS: India’s crude oil import grew by 52.58 percent to $146.57 billion during April-November during FY23, according to data shared by the Ministry of Commerce.
India's trade deficit with China during April-October touches $51.5 billion
The India-China trade deficit has touched $51.5 billion during April-October in FY23, commerce and industry minister Piyush Goyal informed Parliament on Friday.
CEA supports gradual short-term fall in rupee
Mumbai/IBNS: Chief Economic Adviser (CEA) to India V. Anantha Nageswaran said the central bank should allow the rupee to fall gradually and use its foreign exchange reserves judiciously.
India’s overall exports in Sept estimated to be USD 61.10 bn
New Delhi: India’s overall exports in September 2022 are estimated to be USD 61.10 Billion, registering a growth of 10.24 percent over the same period last year, data released by the Ministry of Commerce and Industry said on Friday.
India's merchandise exports dip 0.76 pc YoY in July, trade deficit widens to $31.02 billion
New Delhi: India's merchandise exports fell 0.76% year-on-year to $35.24 billion in July 2022 as compared to $35.51 billion in July 2021.
Exports surge in Dec, trade deficit widens
New Delhi/UNI: India’s merchandise exports in December 2021 grew 38.91 percent year-on-year at $37.81 billion, as compared to $27.22 billion in December 2020.