Widening merchandise trade deficit in January raises dumping concerns

But the figure narrowed during April-Jan, blunting these apprehensions

The widening merchandise trade deficit at $23 billion in January from $16.5 billion a year ago has raised concerns of dumping by trade partners.

 

However, the trade deficit narrowed to $230 billion during the first 10 months of the current financial year against $241 billion in the same period a year ago, blunting these apprehensions.

 

According to a report released by Axis Capital on Tuesday, the January trade data indicates the possibility of dumping of goods into India.

 

“Non-oil/gold imports rose due to chemicals, metals and machinery — possibly due to dumping,” the report said.

 

Merchandise exports witnessed 2.4 per