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Indias Gold Imports Soar: A 26.7% Jump to $35.95 Billion

India's gold imports witnessed a significant increase of 26.7% to $35.95 billion during April-December 2023, driven by robust demand in the domestic market....

India's Merchandise Trade Deficit Grew To $20.67 Billion In July

India's merchandise trade deficit in July stood at $20.67 billion, according to a Reuters calculation based on export and import data released by the government on Monday, according to Reuters. Economists expected a July trade deficit of $21 billion, according to ...

India’s Trade Deficit Rises To $26.91 Billion In October

India's merchandise trade deficit widened to $26.91 billion in October as exports dropped by 17 percent year-on-year to $29.78 billion while imports rose by 6 percent, data released by the commerce ministry on November 15 showed. During April to October this ...

Indian Government Keeping Watch on Increasing Trade Deficit, Says Sitharaman

The Indian government is keeping a watch on the growing trade deficit to check if there is a disproportionate increase in the gap against any one country, Finance Minister Nirmala Sitharaman has said. "Trade deficit is actually growing," she said. "It ...

India's Trade Deficit Trebles YoY In July To $31.02 Billion

The country's trade deficit increased to $31.02 billion during the last month given the increase in coal and crude oil imports showed the official data released Tuesday. Last year in July, trade deficit was at $10.63 billion, so nearly trebling ...

Rupee Continues To Trade Under 80; Worst Seems Priced In: Expert

The domestic unit rupee despite RBI measures has failed to recoup its losses. The rupee as against the previous close of 79.98 opened today in trade almost at par at 79.997. Further, so far trading has been in the range of ...

Trade Deficit Widens: Exports Rise 46% To $33.28 Billion

India's total exports (Merchandise and Services combined) are expected to reach USD 52.20 billion in August 2021, representing a positive growth of 33.99 percent over the same period last year and 19.89 percent over August 2019. When a country's imports surpass ...

Exports jump 69.35% to $32.27 Billion in May; Trade Deficit At $6.28 Billion

India's exports rose by 69.35 per cent to USD 32.27 billion in May, driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery, even as trade deficit widened to USD 6.28 billion, according to government data ...

Exports Climb To USD 32.21 Billion in May; Trade Deficit at USD 6.32 Billion

India's exports grew by 67.39 per cent to USD 32.21 billion in May driven by healthy growth in sectors such as engineering, pharmaceuticals, petroleum products and chemicals, according government data released on Wednesday. Exports in May last year stood at USD ...

Imports Rose 7% In Feb, Trade Deficit Widened To $12.88 Billion

India's exports marginally declined by 0.25% to $27.67 billion in February while imports grew by 6.98% to $40.55 billion during the month, according to provisional data released by the commerce ministry on Tuesday. The ministry's statement further said that the trade ...

Gold Imports By India Fell 40% In The Last 8 Months

Gold imports which have a bearing on the current account deficit, fell 40% to $12.3 billion during April-November, according to data from the commerce ministry. The fall in imports is largely due to a decline in demand amid the COVID-19 pandemic and ...

Trade Deficit At 10-Month High As Exports Decline For Second Month In A Row

Exports declined for the second straight month in November on continued muted demand in major overseas markets. Outbound shipments were down by 8.7% in November when compared to 5.1% in October. A contraction in shipments at key sectors like petroleum, engineering, ...

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