Photo used for representation purpose only. | Photo Credit: Getty Images/iStockPhoto India’s overall trade deficit narrowed to $6.6 billion in May 2025, down nearly 30% over its level in May last year, as total imports fell largely due to a fall in oil prices while total exports grew on the back of a strong performance […]
Continue ReadingIndia’s trade deficit with China touched $71.56 billion in the first ten months of 2022-23. Image for representation | Photo Credit: Getty Images India’s trade deficit with China has touched $71.56 billion in the first 10 months of 2022-23, just $1.7 billion short of the record high of $73.31 billion in 2021-22, as per data […]
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Women buying gold ornaments at a jewellery showroom. Image used for representational purpose only. | Photo Credit: Nagara Gopal Seizures of smuggled gold have shot up to a four-year high in 2022-23, indicating an alarming rise in unauthorised trade of the yellow metal following the import duty hikes implemented last July. In just the first […]
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Trade deficit for December 2022 has been revised lower from $24.24 billion to $22.1 billion. File | Photo Credit: Reuters India’s merchandise exports fell for the second month in a row this January, with the value of shipments slipping 6.6% to $32.91 billion, but the trade deficit eased to the lowest in a year at just $17.75 […]
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India’s goods exports shrank 16.65% in October to $29.78 billion. File. | Photo Credit: Reuters India’s goods exports shrank 16.65% in October to $29.78 billion, while imports grew 5.7% to to $56.7 billion, as per the data from the Commerce Ministry. India’s trade deficit widened 50.25% to $26.91 billion in October 2022 compared to a year […]
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Economy poised to grow 7.2% even if next 3 quarters clock just 5.4% average growth, says Finance Ministry Economy poised to grow 7.2% even if next 3 quarters clock just 5.4% average growth, says Finance Ministry India’s growth has been robust and inflation in control, even as the world’s major economies are afflicted by slowing […]
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On the export front, engineering goods, one of the fastest growing sectors in recent months, reported a 14.2% dip in shipments to little over $8.2 billion in August On the export front, engineering goods, one of the fastest growing sectors in recent months, reported a 14.2% dip in shipments to little over $8.2 billion in […]
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The review also said global headwinds would continue to pose a downside risk to growth as crude oil and edibles, which have driven inflation in India, remain major imported components in the consumption basket. The review also said global headwinds would continue to pose a downside risk to growth as crude oil and edibles, which […]
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After a year of record exports, why have India’s exports moderated in the first quarter? After a year of record exports, why have India’s exports moderated in the first quarter? The story so far: Having crossed a record $400 billion mark in 2021-22, India’s exports have moderated in the first quarter of this year, with […]
Continue ReadingImports surged sharply by over 51% to $63.6 billion. Imports surged sharply by over 51% to $63.6 billion. Merchandise trade deficit hit a fresh high of $25.63 billion in June, as per preliminary trade data, surpassing the previous record of $ 24.3 billion in May this year. Exports grew at 16.8% year on year in […]
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