Page 2 - India Trade Deficit

India's trade gap widens in 'tariff tantrum' month; exports surge 9%

Data released by the commerce department showed in the first month of FY26, exports grew 9 per cent to $38.5 billion while imports shot up by 19.1 per cent to $64.91 billion

India's trade deficit with China hits record $99.2 bn on import surge

India's exports to China fell 14.5% to $1.5 billion in March from a year earlier, with total exports dropping to $14.3 billion in the 12-months period, data showed

India's trade gap widens in March as Trump roils markets with tariff war

The gap between exports and imports stood at $21.54 billion last month, the trade data showed Tuesday

India to drive 6% of world trade growth in 5 yrs, 3rd to US, China: Report

DHL Trade Atlas 2025 report reveals that global trade growth continues to show resilience despite geopolitical tensions and trade policy uncertainty

Taiwan can help India reduce trade deficit with China: Taiwanese dy NSA

Taiwan can help India reduce its import of electronic components from China and the best way to expand the economic engagement would be to firm up a free trade pact, Taiwanese deputy national security adviser Hsu Szu-Chien said on Thursday. In an exclusive interview to PTI, Hsu said a trade deal will pave the way for greater investment in India by Taiwanese companies in the semiconductor and other high-technology sectors as it will help to bring down the "high tariff" regime. The Taiwanese deputy national security adviser was in the national capital primarily to participate in the Raisina Dialogue, India's flagship conference on geopolitics. Hsu said there can be a match-making between technology of Taiwan and India's demographic dividends to produce high-end technology components in India that will help New Delhi cut its imports from China. It is learnt that he also held closed-door meetings with his Indian interlocutors on ways to expand the overall India-Taiwan relations. "I th

India's exports shrink 10.9% in February, the worst show in 20 months

Commerce secretary Sunil Barthwal said that although FY25 has been a difficult year, the country is moving towards achieving $800 billion in combined exports of goods and services in the current FY

India's merchandise trade deficit narrows to $14.05 billion in February

Merchandise trade deficit for March was $14.05 billion, compared with economists' forecast of $21.65 billion

In UPA decade, trade gap with China ballooned from $2 bn to $40 bn: Goyal

He noted that in the 1990s one of the biggest mistakes that countries worldwide, including India, committed was to accept China as a market economy and a member of the World Trade Organisation (WTO)

Exports contracts 2.38% in Jan, trade deficit widens to $23 billion

Merchandise exports in January stood at $36.43 billion compared with $38.01 billion in December, while imports for the month were $59.42 billion. In December, imports were at $59.95 billion

Commerce dept examining 'unusual' surge of 331% in gold imports in Nov

Trade data released on Monday showed that India's trade deficit reached a fresh high of $37.8 billion in November, driven by a surge in merchandise imports

Rahul Gandhi hits out at govt over trade deficit touching all-time high

Slamming the Modi government, Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday said prioritising crony businesses over play-fair ones leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation. Tagging a media report which said that trade deficit and imports are at an all-time high, Gandhi hit out at the government. "What happens when a government prioritises crony businesses over play-fair businesses?" Gandhi said. "Result: Weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation," he said in a post on X. After recording double-digit growth in October, India's exports in November contracted by 4.85 per cent year-on-year to USD 32.11 billion, while the trade deficit widened to an all-time high of USD 37.84 billion due to record surge in gold imports. According to the commerce ministry d

Markets today: Nasdaq; Toss The Coin, Jungle Camps listing; US Fed meeting

Early indicators point to a weaker start, as GIFT Nifty futures were trading 51 points lower at 24,687 around 6:31 AM

India's gold imports up 331% to record high of $14.86 billion in Nov

The country's gold imports in November reached a record high of USD 14.86 billion, registering a four-fold increase, mainly on account of festival and wedding demands, according to commerce ministry data. Gold imports stood at USD 3.44 billion in November 2023. Cumulatively, imports during April-November this fiscal year rose 49 per cent to USD 49 billion as against USD 32.93 billion in the same period last fiscal year. According to the ministry, gold, with about 25 per cent average annual return, is one of the best-performing assets in 2024 (till November) and high imports indicate strong investor confidence in the precious metal as a safe asset. The other reasons include asset diversification towards gold due to global uncertainties, increasing demand from banks, cut in customs duties. Prices of the yellow metal have increased 23 per cent so far this year to Rs 78,350 per 10 gm in the national capital. In the Budget, the government slashed the duty from 15 per cent to 6 per ...

India's merchandise trade deficit widens to $37.8 billion in November

Economists had expected the country's November trade deficit to be $23.9 billion

Q2 current account deficit to widen to 7 quarter high of 1.6%: Report

The current account deficit (CAD) for the September quarter is set to widen to 1.6 per cent -- the most in the last seven quarters -- a report said on Thursday. In absolute terms the July-September CAD will be USD 15 billion, or 1.6 per cent, as against USD 9.8 billion, or 1.1 per cent, in the June quarter, India Ratings and Research said in the report. The CAD in the second quarter will be the highest since Q3 FY23, where the crucial gap representing the country's external position was USD 16.8 billion, or 2 per cent of the GDP. The domestic rating agency said merchandise exports shrank 3.9 per cent during the period while goods exports were down to a 12-quarter low of USD 103 billion. Goods exports declined after three quarters due to subdued demand from major exporting partners such as China, Singapore, Bangladesh, and Australia, it said. The CAD is moderate to about 1.3 per cent of the GDP in December quarter, Paras Jasrai, its economist and senior analyst, said.

Despite global uncertainties, garment exports increases 8.5% to $7.5 bn

The country's garment exports rose by 8.5 per cent to USD 7.5 billion during April-September this fiscal despite global uncertainties, according to the commerce ministry data. In September also, the exports of ready-made garments grew by 17.3 per cent to USD 1.11 billion, the data showed. Commenting on the data, Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said India's exports have recorded high growth despite global headwinds and continued inflationary pressure. Even the major apparel exporting countries have witnessed a slowdown in the RMG export growth in recent months, he said. "India is uniquely placed with the advantage of low import dependence, existence of the entire ecosystem from fibre to fashion, abundant and young labour force and therefore scope for growth is unlimited," he added. Sekhri added that this year exporters will be participating in many big international fairs and will be hosting Bharat Tex again in 2025 to increase their global footprint.

Trade deficit eases to $20.8 bn in Sept amid geopolitical challenges

Exports stood at $34.58 billion in September, while imports were at $55.36 billion during the month

Wrong turn inwards: Exports no longer a manufacturing priority for India

For consumer welfare, greater economic resilience, a stable trade deficit, and sustainable growth, the country needs to start looking outward for new markets

'India has trade surplus with 151 nations; deficit with 75 during Jan-June'

India has recorded trade surplus with as many as 151 countries such as the US and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. The Global Trade Research Initiative (GTRI) said that India does not need to worry about the trade deficit from importing crude oil and coal, however, it must focus on reducing the industrial goods imports, especially from countries like China, as these threaten India's economic sovereignty. "Between January and June 2024, India had a trade surplus with 151 countries, representing 55.8 per cent of its exports and 16.5 per cent of its imports, totalling USD 72.1 billion," GTRI said in a report. The biggest surpluses were with the USA (USD 21 billion) and the Netherlands (USD 11.6 billion) during January-June this year. "India had a trade deficit with 75 countries, which accounted for 44.2 per cent of its exports and 83.5 per cent of its imports,

US top trading partner, China trade deficit highest in Jan-Jun 2024: GTRI

The US has emerged as India's top trading partner during January-June this year, while the country has recorded its highest trade deficit of USD 41.6 billion with China during the period, according to think tank GTRI. It also said the country's merchandise exports rose 5.41 per cent to USD 230.51 billion during the first of 2024. "China topped the list with a substantial trade deficit of USD 41.6 billion, as exports to China were USD 8.5 billion, while imports reached USD 50.1 billion during January-June 2024," it added. The data analysis for the first half of this calendar year by the Global Trade Research Initiative (GTRI) showed India exports goods to 239 countries and out of these, 126 countries showed positive growth in exports. These nations account for 75.3 per cent of India's total exports. Major countries with increased exports include the USA, UAE, Netherlands, Singapore, and China. However, exports declined in 98 countries, which account for 24.6 per cent of India's ...