For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

India's Trade Deficit Widens To $14.73 Billion In January

|

Data released by the Ministry of Commerce and Industry showed India's merchandise trade deficit had widened to $14.73 billion for the month of January 2019. The deficit was at $15.67 billion in January 2018 and $13.08 billion in December 2018.

India's Trade Deficit Widens To $14.73 Billion In January
 

"India's overall exports (Merchandise and Services combined) in April-January 2018-19 are estimated to be $439.98Billion, exhibiting a positive growth of 9.07per cent over the same period last year. Overall imports in April-January2018-19 are estimated to be $530.55Billion, exhibiting a positive growth of 10.74per cent over the same period last year," the statement said.

The merchandise exports grew 3.74 percent at $26.36 billion from growth in textiles, pharmaceuticals, drugs and organic and inorganic chemicals. In rupee terms, exports were Rs 1.86 lakh crore in January 2019 in comparison to Rs 1.61 lakh crore in January 2018, registering a positive growth of 15.31percent.

Imports remained stable with a marginal 0.01 percent rise to $41.09 billion. In rupee terms, it was 11.16 percent higher at Rs 2. 61 lakh crore in January 2018.

For the period between April 2018 and January 2019, exports (merchandise) grew 9.52 percent to $271.8 billion while increase hopes of $330 billion for the current fiscal year.

Read more about: trade deficit
Story first published: Saturday, February 16, 2019, 11:13 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more