IN Trade Balance

India’s trade deficit widened in July as strong domestic demand drove the nation’s import bill. The gap between exports and imports stood at $23.5 billion in July, Trade Ministry data showed Wednesday. The reading is higher than the $21.5 billion deficit forecast by economists in a Bloomberg survey and compares with a reading of $20.98 billion in June. The imports grew 7.5% from a year earlier to $57.48 billion in July, while exports fell 1.5% to $33.98 billion during the month. The inbound shipments were $56.18 billion in June, ...

India’s trade deficit widened to a four-month high in April as strong domestic demand bumped up the nation’s import bill. The gap between exports and imports stood at $19.1 billion in April, Trade Ministry data showed Wednesday. The reading is higher than the $17.3 billion deficit forecast by economists in a Bloomberg survey. The trade deficit had shrunk to an 11-month low of $15.6 billion in March. The imports grew 10.3% from a year earlier to $54.09 billion in April, while exports rose 1.1% to $34.99 billion during the month. The ...

Trade data recently released indicates that the trade deficit has narrowed to $19.8 billion, down from last month’s $20.58 billion and last year’s $23.14 billion. The reduction in the trade deficit speaks to an improved trade balance as the gap between exports and imports has seen a decrease. Multiple factors such as global demand shifts, currency exchange rate fluctuations, trade policy alterations, and price changes in goods and services may be responsible for this reduction. The trade deficit is a key economic indicator, ...

India’s trade deficit widened last month after shrinking to a near two-year low in April as exports declined on weakening demand for goods in most parts of the world. The gap between exports and imports rose to $22.12 billion in May, the widest in five months, the Trade Ministry said on Thursday. The reading is higher than a deficit of $16.5 billion seen by economists in a Bloomberg survey, and compares with a $15.24 billion gap in April. Exports fell 10.3% from a year earlier to $34.98 billion in May due to sluggish demand from ...

Growing for the second consecutive month, the country's exports rose 6.16 per cent year-on-year to USD 27.45 billion in January 2021 following healthy growth in pharma and engineering sectors, according to provisional data of the commerce ministry. Trade deficit during the month narrowed to USD 14.54 billion from USD 15.3 billion in January 2020. It was USD 15.44 billion in December 2020. Imports in January 2021 rose 2 per cent to USD 42 billion. Exports of pharmaceuticals and engineering grew 16.4 per cent (USD 2 billion), and about ...