Page 5 - Trade Deficit

India's trade deficit in October widens to $26.91 bn, exports down 17%

Imports during October increased to $56.69 billion against $53.64 billion in October 2021

India raises serious concerns over growing trade deficit with Korea

India has raised its "serious" concerns over the growing trade deficit with Korea, which stood at about USD 9.5 billion in 2021-22, an official statement said on Friday. The issue came up for discussion during the ninth 9th round of the India-Korea comprehensive economic partnership agreement up-gradation negotiation, which was held in Seoul on November 3-4. The two sides underlined the need to have negotiations based on a win-win approach and are forward-looking and outcome-oriented. During the meeting, sub-groups on trade in goods, services, rules of origin, investment, sanitary and phytosanitary/technical barriers to trade issues held in-depth discussions. "India raised serious concerns on the growing trade deficit between the two countries and discussed market access issues. Both sides agreed to work closely to address tariff and non-tariff barriers and deepen the relationship in the services sector," the commerce ministry said. They also shared a common view that both sides .

TMS Ep274: India's exports, Maruti, hospital stocks, real driving emissions

Have India's exports hit a rough patch? Is Maruti's attempt to become a premium brand succeeding? What is keeping analysts upbeat on hospital stocks? What are real driving emissions? Answers here

India, US 10-year yield spread at its lowest in 12 years, shows data

The current spread is nearly 142 bps lower than the 10-year average spread of 518 bps, and 66 bps lower than the 20-year average spread of 442.3 bps

Japan sees record trade deficit in August on weak yen, costly oil imports

Japan posted a record trade deficit in August as costs for imports of oil and gas soared, the government reported on Thursday. The 2.82 trillion yen (USD 19.6 billion) deficit, the 13th in a row, was triple the deficit logged in the same month a year earlier. Customs-data showed exports rose 22 per cent from a year earlier as regional economies recovered from pandemic-related disruptions while imports soared 50 per cent. Energy-related imports from the Middle East accounted for about half of the deficit. Japan's currency, the yen, has weakened sharply against the US dollar as the Federal Reserve has raised interest rates to counter inflation. Surging prices for many commodities and other products are also pushing Japan's imports higher.

India sees sharp decline in IT sector's ability to fund trade deficit

A relatively slower growth in IT Services exports has made India ever more dependent on capital inflows and workers remittances to fund its trade and the overall current account deficit

India's trade deficit hits record $30 billion as exports struggle

Merchandise exports decline to a five-month low of $36.27 billion in July

Statsguru: Six charts explain why India's trade deficit is widening

The IMF revised India's growth downward, and data from the commerce ministry show that the trade deficit is widening

Rupee strength unsustainable; bet on chemicals, OMCs in near-term: Analysts

Whether the recent strength in the currency will sustain or not depends on the monetary policy trajectory of the Reserve Bank of India, foreign flows, and crude oil prices, experts said.

India's July trade deficit widens to record $31 bn; exports dip marginally

Gold imports declined 43.6% to $2.4 bn after the Centre raised import duty on gold last month to discourage buyers in the world's second-largest consumer

India's non-oil exports to Nepal fell 13% to $943 mn in April-May

Himalayan neighbour bans imports of non-essentials amid depleting forex; dip could impact India's FY23 trade deficit which is already worsening on fears of recession in developed countries

Spike in imports, fall in exports widen India's trade deficit with China

In FY22, India's trade deficit with China was recorded at $72.9 billion, up nearly $29 billion from FY21's figure of $44 billion

Rupee at 80: Little relief on the cards from high trade deficit

Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against most currencies, including the rupee

Trade deficit widens to record $26.18 bn amid rise in imports of items

Imports jumped 57.55 per cent to a record $66.31 billion

Exports up 23.5% to $40 bn in June; trade deficit widens to record $26.2 bn

Crude oil imports in June almost doubled to $21.3 billion. Coal and coke imports more than doubled to $6.76 billion in the month under review as against $1.88 billion in June 2021

Top headlines: ED arrests ex-NSE MD; June trade deficit widens to $26 bn

Business Standard brings you the top headlines this hour

India's current account deficit likely to touch $105 bn this fiscal: Report

In the report on Tuesday, Bank of America (BofA) Securities revised upwards its Current Account Deficit (CAD) forecast by 0.4 percentage points for this financial year.

The emerging stress in imports: Surprisingly, it's coal more than oil

Surprisingly, its coal more than oil that is emerging as a huge pressure point

What is the current account deficit?

Japanese brokerage Nomura recently said that India's current account deficit could widen to 3.3% of GDP in FY23 from 1.2% in the previous fiscal. But what is current account deficit? Let's understand

Pakistan's trade deficit hits record-high of $48.66 bn as imports soar

Cash-strapped Pakistan's trade deficit has surged to an all-time high of USD 48.66 billion in the outgoing fiscal year, up from USD 30.96 billion a year ago, a significant 57 per cent jump