Page 2 - India Trade Deficit
Rupee at 80: Little relief on the cards from high trade deficit
Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against most currencies, including the rupee
 "Rupee at 80: Little relief on the cards from high trade deficit")
The emerging stress in imports: Surprisingly, it's coal more than oil
Surprisingly, its coal more than oil that is emerging as a huge pressure point
 "The emerging stress in imports: Surprisingly, it's coal more than oil")
Revenue deficit grant of Rs 7,183 cr released to 14 states: FinMin
Finance ministry on Wednesday released the fourth instalment of revenue deficit grant of Rs 7,183 crore to 14 states for the current fiscal. The states for which Post Devolution Revenue Deficit Grant has been recommended by the 15th Finance Commission during 2022-23 are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal. "The Department of Expenditure has on Wednesday released the 4th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 7,183.42 crore to 14 states," the ministry said in a statement. The 15th Finance Commission has recommended a total PDRD Grant of Rs 86,201 crore to 14 states for the financial year 2022-23. The grant is released in 12 equated monthly instalments. The ministry said that with the release of the fourth instalment for the month of July 2022, the total amount of PDRD grants released to the states in 2022-23 stands at Rs 28,733.67 ...
 "Revenue deficit grant of Rs 7,183 cr released to 14 states: FinMin")
Coal is the new pain point as India grapples with a massive import bill
Quite low in the pecking order of inbound consignments at one point, the fossil fuel today accounts for a third of the value of crude entering the country
 "Coal is the new pain point as India grapples with a massive import bill")
Rupee touches a new low of 79.14 against US dollar amid CAD concerns
Rupee weakened further in afternoon trade on Tuesday to touch a fresh record low against the US dollar as concerns of a wider current account deficit came to the forefront
 "Rupee touches a new low of 79.14 against US dollar amid CAD concerns")
Trade gap widens to record $25.6 bn; imports surge to $63.58 bn in June
India's traditional high dependence on crude oil led to its imports soaring 94.2 per cent in June to $20.7 billion
 "Trade gap widens to record $25.6 bn; imports surge to $63.58 bn in June")
India's record $25.6-bn trade deficit in June adds pressure on rupee
Rupee has plunged 6% against the dollar this year, weighed down by broad strength in the greenback and as investors retreated from domestic share markets
 "India's record $25.6-bn trade deficit in June adds pressure on rupee")
Exports rise by 17% to $37.94 bn in June; trade deficit widens to $25.63 bn
Cumulative exports in April-June 2022-23 rose by about 22% to $116.77 bn
 "Exports rise by 17% to $37.94 bn in June; trade deficit widens to $25.63 bn")
India's trade deficit hits record high of $24.3 bn in May: Govt data
Preliminary estimates released earlier in the month had put the trade deficit at $23.3 billion
 "India's trade deficit hits record high of $24.3 bn in May: Govt data")
Exports rise 20.55% to $38.94 bn in May; trade deficit at record $24.29 bn
India's merchandise exports in May rose by 20.55 per cent to $38.94 billion, while the trade deficit ballooned to a record $24.29 billion, according to the government data released
 "Exports rise 20.55% to $38.94 bn in May; trade deficit at record $24.29 bn")
High commodity prices continue to weigh on trade deficit: Acuite
The expectation of the expansion of the current account deficit is not just driven by elevated global commodity prices, but is also linked to the unlocking of the economy reviving pent-up demand and improved vaccination cover aiding an organic recovery in the economy, ratings and research firm Acuite Ratings & Research said in a report.
 "High commodity prices continue to weigh on trade deficit: Acuite")
Exports in May up by 15.46% to $37.29 bn; trade deficit widens to $23.33 bn
Imports during the month grew by 56.14% to $60.62 billion
 "Exports in May up by 15.46% to $37.29 bn; trade deficit widens to $23.33 bn")
Sustaining export growth
Commodity prices will push up trade deficit
 "Sustaining export growth")
Exports up nearly 20% to $42 bn in March; trade deficit widens to $18.5 bn
While total exports during 2021-22 increased to a record high of $419.65 billion, imports too soared to $611.89 billion, leaving a trade gap of $192.24 billion
Exports up 25.1% to $34.57 bn in Feb; trade deficit widens to $20.88 bn
According to the data, gold imports in February dipped by 9.65 per cent to USD 4.8 billion
Indian trade, current account deficit seen widening, rupee under pressure
India's trade deficit widened sharply to $21.19 billion in February compared to $17.94 billion the previous month, preliminary data shows
 "Indian trade, current account deficit seen widening, rupee under pressure")
India's Jan trade deficit widens to $17.42 bn, exports rise 25%: Govt
Imports grew by 23.54% to $51.93 billion during the month under review
 "India's Jan trade deficit widens to $17.42 bn, exports rise 25%: Govt")
Exports rise by 23.69% to $34 bn in Jan; trade deficit widens to $17.94 bn
The country's exports rose by 23.69 per cent to 34.06 billion in January on healthy performance by engineering, petroleum and gems and jewellery segments
India's exports rise 27.1% to $30.04 bn in Nov; trade deficit at $22.91 bn
Exports during November 2020 stood at $23.62 billion
India's Sept trade deficit widens to record $22.6 bn
India's merchandise exports rose $33.8 billion for the month from $27.56 billion in the same period last year
 "India's Sept trade deficit widens to record $22.6 bn")
