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Trade Deficit

June Trade Deficit Narrows To $15.28 Billion; Exports Fall

After a period of nine months, the country's exports of goods declined by 9.7% for the month of June to $25 billion. Also, during the same time, imports shank by 9.06% to $40.29 billion. The trade deficit lowered year-on-year from $16.6 ...

India's Trade Deficit With 25 Major Countries Widened In 3 Years

On Wednesday, the parliament was informed that India's trade deficit widened in the last 3 years with 25 major countries including Japan, South Korea, Saudi Arabia, Iraq and Germany. A trade deficit occurs when a country's imports are larger than its ...

Imports In May Increase By 7.76% YoY, Trade Deficit Widens

Exports of goods registered a 3.93% y-o-y growth in May to $29.99 billion as many of the major sectors including the likes of engineering goods, iron ore and leather products grew despite a slowdown in exports of gems & jewellery and ...

India's Trade Deficit Widens To 5-Month High On Slow Exports Growth

The trade deficit for the April month has inched to 5-month high as exports surged only marginally by 0.64% to $26 billion. Meanwhile, imports during the month increased by 4.5% to $41.4 billion in comparison to the same month a year ...

Rupee Opens Higher At 70.27

Rupee in Thursday 's trade opened higher at 70.27 after having closed at 70.335 in the previous session. The tensions around the US-China trade deal continue to be intense and amid it, Indian indices lost in the earlier session. Also, the ...

Trad Deficit For Fy19 Narrows As March Exports Rise

Trade Deficit For FY19 Narrows As March Exports Rise

Exports in the month of March rose to a five-month high of 11 percent from higher growth in pharma, chemicals and engineering sectors. According to official data released by the commerce and industry ministry on Monday, the outbound shipments were at ...

Trade Deficit For February Declines To $9.60 Billion

Trade deficit for the month of February came in lower at $9.6 billion on the back of decline in oil and gold imports. For the month of January, the trade deficit was reported at $14.73 billion. As per the data ...

Trade Deficit February Declines 9 60 Billion

India S Trade Deficit Widens 14 73 Billion January

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 ...

Rupee Rises Marginally On Trade Deficit Improvement

The Indian rupee for the day opened flat at 71.10 but then on some of the positives receded higher by 13 paise to 70.92 vs the US dollar. Some of the positives influencing rupee's movement in Wednesday's trade include weak ...

Rupee Opens Tad Higher At 73.80 Against US Dollar

On Tuesday, Indian currency opened a tad higher at 73.80 vs previous closing of 73.83. In yesterday's trade, rupee weakened past 74 mark in the afternoon trade but later gained on the back of strong trade deficit data for the month ...

India's Trade Deficit Widens to a 5-Year High As Imports Increase

As per the official data released by trade ministry on Friday India's trade deficit widened to an over five-year high in the month of June. The 61-month high was driven by high crude oil prices and weakening of the rupee. The ...

India S Trade Deficit Widens A 5 Year High As Imports Increa

India S Trade Deficit Widens A Staggering 14 Billion

India's Trade Deficit Widens By A Staggering $14.62 Billion

The country's trade deficit has widened to hit a record four-month high of $14.62 billion during the month of May 2018. The reason behind the surge in the trade deficit is mainly attributed to the rise in the imports to the ...