India's Export, Import Fell In May, Trade Deficit Rises To 5-Month High
As a result, the trade deficit rose to a five-month high of $22.1 billion. India has been consistently witnessing a trade deficit for many years now.
Jun 15, 2023, 20:56 PM IST
Exports dip by 3.52 percent to USD32.62 bn in September; trade deficit widens to USD 27.72 bn
Imports during the month, however, grew by 5.44 per cent to USD 59.35 billion as against USD 56.29 billion in September 2021, the data showed.
Oct 04, 2022, 10:25 AM IST
Exports rise 23.52% to $40.13 billion in June; trade deficit at record $26.18 billion
India's merchandise exports in June grew by 23.52 per cent to USD 40.13 billion.
Jul 14, 2022, 19:34 PM IST
India’s exports rise 20.55% to USD 38.94 bn in May; trade deficit at record USD 24.29 billion
The trade deficit during the first two months of this fiscal widened to USD 44.69 billion against USD 21.82 billion in the year-ago period.
Jun 15, 2022, 15:25 PM IST
China promises action on India's trade deficit, urges RCEP focus
China on Monday promised to address the issue of its massive trade surplus with India and work towards a more balanced trade relationship.
Mar 26, 2018, 23:17 PM IST
Trade deficit with China costs 2 million jobs to US: White House
Since 2001, when China joined the World Trade Organisation, its economy has grown from USD 1 trillion of GDP to USD 12 trillion; roughly an 800 per cent growth rate.
Mar 23, 2018, 17:39 PM IST
India's current account deficit likely at 1.7% in FY18: Report
According to RBI data, the current account deficit rose to 2% of the GDP at $13.5 billion in the December quarter.
Mar 19, 2018, 16:52 PM IST
US pursues India at WTO, widening trade offensive's Asia focus
The action opened a new front in US President Trump's confrontations with major trading partners.
Mar 15, 2018, 08:46 AM IST
India's July-September current account deficit more than doubles to $7.2 billion
However, CAD in the second quarter narrowed sharply from USD 15 billion (2.5 percent of GDP) in the preceding quarter, the RBI said today.
Dec 13, 2017, 19:36 PM IST
US trade deficit in January largest since 2012
The US trade gap shot up in January to its highest monthly level in almost five years, the Commerce Department reported Tuesday, and analysts say trade is likely to drag down growth.
Mar 07, 2017, 21:01 PM IST
Cash position in economy may not be enough till March: Nomura
The impact of demonetisation is still visible and cash levels in the economy are not expected to be sufficient until March, which may keep trade volumes depressed for the next two months, says a Nomura report.
Feb 17, 2017, 13:44 PM IST
US trade deficit falls as exports hit more than 1-1/2 year high
The US trade deficit fell more than expected in December as exports rose to their highest level in more than 1-1/2 years, outpacing an increase in imports.
Feb 07, 2017, 22:08 PM IST
Exports up 9.59% at $23.5 bn in October; trade deficit at $10 bn
Exports continued to grow for the second month in a row, expanding by 9.59 percent to USD 23.51 billion in October on healthy growth in shipments of jewellery and engineering products.
Nov 15, 2016, 19:29 PM IST
India's Q1 current account deficit narrows to 0.1% of GDP
India’s current account deficit (CAD) narrowed to USD 0.3 billion, or 0.1 percent of GDP, in the first quarter of 2016-17 on account of lower trade gap.
Sep 21, 2016, 17:58 PM IST
Expect current a/c surplus of $4 billion in June quarter: Nomura
Japanese brokerage Nomura on Friday said the country is likely to post first quarterly current account surplus in nine years in the June quarter at USD 4 billion or 0.8 percent of the GDP.
Sep 02, 2016, 17:12 PM IST
Lower CAD a healthy sign, will meet macro data target: Lavasa
Buoyed by the current account nearing surplus for the first time in nine years, the government on Friday said reduction in CAD is a sign of economic health and it is committed to sticking to its targets.
Jun 17, 2016, 17:38 PM IST
CAD narrows sharply to $0.3 billion in Q4 on lower trade deficit
The Reserve Bank of India data on Thursday showed that the current account deficit also shrunk to 1.1 percent of the GDP in FY2015-16 from 1.8 percent in the previous fiscal.
Jun 16, 2016, 17:44 PM IST
India has trade deficit with 27 countries for last 3 years: Nirmala Sitharaman
India has a trade deficit with as many as 27 major countries, including China, Australia, Iraq and Iran, during the last three years.
May 09, 2016, 18:47 PM IST
CAD narrows to 1.3% of GDP in December quarter: RBI
India's current account deficit (CAD) narrowed to 1.3 percent of GDP in third quarter of the fiscal as against 1.5 percent in the same period last year, mainly on account of lower trade deficit.
Mar 21, 2016, 18:26 PM IST
Gold imports contract 29.5% to $1.39 bn in February
After a sharp rise in January, gold imports in February declined 29.49 percent to USD 1.39 billion, which is expected to keep a lid on the country's current account deficit (CAD).
Mar 15, 2016, 23:12 PM IST
