Page 4 - India Trade Deficit

Despite slowdown due to Covid-19, India's food exports up 27% since March

The country recorded $0.79 billion trade surplus in June against $15.28 billion deficit during the same period of 2019

India's trade deficit with China falls to $48.66 bn as imports decline

Exports to China in the last financial year stood at $16.6 billion, while imports aggregated at $65.26 billion

India's trade deficit with China doubled to $48.6 bn in FY20: Motilal Oswal

Several sectors have material linkages with China, making it important to understand the sector-wise implications

Imports from Hong Kong on the rise as trade gap with China narrows

India's trade deficit with China is on a downward trajectory, and hit a 5-year low in FY20 due to lower imports and higher exports, but trade deficit with Hong Kong continues to rise.

Govt likely to fast-track import restrictions on 371 Chinese goods

From toys and plastic goods to sports items, and furniture - goods worth $127 billion - could be placed under restrictions

Trade gap with China set to narrow this year: Explained in charts

Imports from the northern neighbour have been on the wane since 2017-18 when it had peaked to $76 bn.

Covid-19 impact: After 60% fall in April, exports shrink another 36% in May

Trade deficit at only $3.15 Billion as crude, gold imports continue to drop

India May exports fall 36.47% to $19.05 bn, trade deficit down to $3.15 bn

During April-May 2020, the exports fell 47.54 per cent to $29.41 billion, while imports shrank by 5.67 per cent to $39.32 billion

Exports register 2.9% growth in Feb, recover after 6 months of contraction

Non-petroleum non-jewellery exports were up 6.16 per cent at $21.23 billion in the month. Imports also broke the nine-month trend of fall and clocked a 2.48 per cent rise to $37.5 billion in February.

India must focus on network products to export like China: Economic Survey

Among the major Asian countries, India and Indonesia are the only ones with a trade deficit in such products

How should the government revive demand?

What happens when, with government expenditure unchanged at Rs 65 trillion, the FM decides to reduce the tax rate, mobilise less revenue and let the deficit widen by Rs 1 trillion?

Trade deficit narrows to $11.01 billion in October on lower oil imports

Oil imports fell 31.74 per cent to $9.63 billion in October from $14.11 billion in the year-ago period

Darkening clouds: Govt denial, inadequate response are not helping economy

If we go on being inward-looking, how will the system open up? Those that are not competitive locking competitive ones out of markets cannot be a way to get to the $5-trn dream, writes T N Ninan

RCEP members await India's approval as it bargains hard for concessions

Deadline set to be extended by a few months

India's September trade deficit narrows to $10.86 bn, oil imports fall 18%

Merchandise exports fell 6.57% to $26.03 billion in September compared with a year earlier, while imports were down 13.85%

India's exports dip 6.57% in September at $26 bn; imports contract 13.58%

India's exports contracted by 6.57 per cent to USD 26 billion in September mainly due to significant dip in shipments from key sectors such as petroleum, engineering, leather, chemicals, and gems & jewellery. Imports too declined by 13.85 per cent to USD 36.89 billion, narrowing trade deficit to USD 10.86 billion in September, according to official data released on Tuesday. Trade deficit in September last year stood at USD 14.95 billion. Out of 30 key export sectors, as many as 22 showed negative growth in September. Shipments of gems and jewellery, engineering goods, and petroleum products contracted by 5.56 per cent, 6.2 per cent and 18.6 per cent, respectively. In September, oil imports declined by 18.33 per cent to USD 8.98 billion, and non-oil imports fell by 12.3 per cent to USD 27.91 billion. Cumulatively, during April-September 2019, exports were down 2.39 per cent to USD 159.57 billion while imports contracted by 7 per cent to USD 243.28 billion. Gold imports plunged ..

Exports drop 6% to $26.13 bn in August; trade deficit narrows to $13.45 bn

Oil imports declined by 8.9 per cent to $10.88 billion, and non-oil imports fell by 15 per cent to $28.71 billion

US expresses concern over trade deficit, 'investment challenges' in India

Asserting that there is scope to further boost trade with the US, Indo-American Chamber of Commerce National President S K Sarkar said the target is to achieve a bilateral trade of $500-bn by 2022

India urges Indonesia to reduce import quota restrictions on auto sector

With bilateral trade of $21.13 billion in FY19, Indonesia is India's second-largest trade partner in the Asean region after Singapore. However, India's trade deficit stands at a sizeable $10.57 bn

India's current account deficit narrows sharply to 0.7% of GDP in Q4

In absolute terms, the CAD stood at $4.6 billion in the current fourth quarter, compared with $13 billion in the year-ago quarter and $17.7 billion in the third quarter of fiscal year 2018-19