Trade Deficit

  • June trade deficit touches 11-month high at $11.76 billion July 16, 2014

    New Delhi: The June trade deficit touched 11-month high to $ 11.76 billion against $ 11.23 billion (MoM) and $ 11.28 billion (Y-o-Y). Though the imports dipped slightly to $ 38.24 billion against $ 39.23 billion on a month on month basis, it grew 8.3 per cent on a year...
  • Exports up 3.98 per cent to $312.35 billion in 2013-14 April 11, 2014

    New Delhi: India's exports grew by 3.98 per cent to $312.35 billion in FY 2013-14 while imports dipped by 8.11 per cent during the period. Imports declined to $450.94 billion, narrowing the trade deficit to $138.59 billion in the last fiscal. In FY 2012-13, trade deficit stood at $190.33 billion. However, in...
  • Trade deficit narrows on 77 per cent drop in gold imports February 11, 2014

    India's trade deficit narrowed in January, helped by a 77 per cent drop in imports of gold and silver while exports ticked up, improving the outlook for the country's fragile current account balance. The trade ministry said it had recommended easing curbs on gold imports, prompted by the brighter trade picture....
  • December trade deficit narrows to 10.14 billion dollar January 10, 2014

    Mumbai: The December 2013 trade deficit for India came in at 10.14 billion dollar versus 17.19 billion dollar in December in 2013. The reduction was driven by a 15.25 per cent fall in imports, which came in at 36.49 dollar per cent while exports grew at 3.5 per cent to...
  • Sensex closes at 20,272.91, up 23.65 points October 10, 2013

    Mumbai: The BSE Sensex rose on Thursday to its highest close in nearly three weeks, as Tata Motors surged to a record high on unit Jaguar Land Rover's sales while Infosys also edged up ahead of its July-September results on Friday. Tata Motors Ltd provisionally rose 5.6 per cent after...
  • Drop in Trade deficit: Much ado about something? October 10, 2013

    The recent persistent drop in India's trade deficit has given us a reason to rejoice. Perhaps, it's a Diwali gift from goddess Lakshmi. But, what real implications if any does it have for the Indian economy and what to expect in the near future? The trade deficit has fallen as...
  • Trade deficit dips to $6.76 bn in September 2013 October 9, 2013

    New Delhi: India's exports grew 11.15 per cent in September 2013 and imports declined 18.1 per cent amid a sharp fall in inward shipments of gold and silver, taking the trade deficit to the lowest level in 30 months. Exports last month climbed to $27.68 billion, while imports stood at $34.4...
  • India's trade deficit narrows to $10.9 billion September 10, 2013

    New Delhi: India's trade deficit narrowed to $10.9 billion in August from $12.27 billion in the previous month on the back of higher exports and lower imports, government data showed on Tuesday. Exports jumped by 12.97 percent to $26.13 billion in August. This is the second straight month of a healthy double-digit...
  • India's February exports up by 4.25 per cent March 11, 2013

    New Delhi: India's February exports rose 4.25 per cent from a year earlier to $26.3 billion, while imports rose 2.6 per cent to $41.2 billion, leaving a trade deficit of $14.9 billion, trade ministry officials said on Monday. Exports between April and February fell 4 per cent year-on-year to $265.95 billion....
  • India's trade deficit at $ 20 bn in Jan, 2nd highest ever February 13, 2013

    New Delhi: India posted its second highest ever monthly trade deficit of $20 billion in January, worsening from a $17.7 billion deficit in December, piling pressure on a widening current account deficit and limiting scope for the RBI to cut interest rates. Struggling to turn around an economy that is...
  • Exports dip 4.17 per cent in November December 11, 2012

    New Delhi: Continuing with its downward slide, exports dipped for the seventh month in a row in November by 4.17 per cent to $22.3 billion, a development which may prompt government to come out with incentives by the weekend to boost shipments. Exports in November, 2011 stood at $23.2 billion. However,...
  • June exports fall 5.5 pc, but trade deficit narrows July 13, 2012

    New Delhi: India's exports fell nearly 5.5 per cent in June due to weak demand from Europe and the United States, a trade ministry official said, adding pressure on Asia's third-largest economy. Imports also fell sharply, thanks in part to lower global oil prices, narrowing the trade deficit to $10.3 billion,...
  • India's trade deficit widens on crude import bill April 14, 2012

    New Delhi: India's trade deficit is seen at $185 billion in the 2011/12 fiscal year on higher crude import bill, the trade minister said citing provisional data, which may worsen the country's current account balance and further weaken the rupee. Asia's third-largest economy imports nearly 80 per cent of its crude...