With a deficit at $47 billion in the first nine months of this year, it the largest deficit India has with any country
Export growth halves to 23%, imports soar by 85%; repercussions likely on current account balance which is set to hit a deficit in Q2 against surplus in first quarter of current fiscal
Prime Minister's Office reportedly pushing foreign and commerce ministeries to deliver on initial deals with countries including Australia and the UK
India's exports rose by 45.76 per cent to $33.28 billion in August, as against $22.83 billion in the same month last year, according to commerce ministry data released on Tuesday.
Exports surged 49.85 per cent to $35.43 bn in July on account of healthy growth in petroleum, engineering, and gems and jewellery segments, even as trade deficit widened to $10.97 bn during the month
Imports from China during 2018-19, 2019-20 and 2020-21 were worth $70.32 billion, $65.26 billion and $65.21 billion
Country's exports grew by 47.19 per cent to $35.17 bn on account of healthy growth in outbound shipments of petroleum, engineering, gems and jewellery, according to data of commerce ministry
The report was published ahead of Thursday's advance second-quarter gross domestic product data.
India was a net importer, with trade deficit of $9.4 bn vs $710-mn surplus last yr
The country's exports rose by 48.34 per cent to $32.5 billion on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, leather and marine goods
The Reserve Bank of India also has $600 billion of currency reserves to draw on to curb any sharp fall in the rupee
The country is burdened by high inflation, rising food prices, raised electricity charges
On a sequential basis, they grew 5.35 per cent and 8.1 per cent as compared to May 2019
Business Standard brings you the top news of the evening
Performance signals recovery in external demand as shipment values were nearly 8% higher than May 2019 figures
India's exports grew by 67.39% to $32.21 billion in May driven by healthy growth in sectors such as engineering, pharmaceuticals, petroleum products and chemicals
Imports too rose to $45.45 billion last month as against $17.09 billion in April 2020
Trade deficit widens to $14 billion despite 54% jump in imports
This is mainly due to robust double-digit growth in exports, coupled with contraction in imports
India becomes a net importer in March, trade deficit widens to $14 billion