In January, exports expanded 32.4% over the same month last year to reach USD 20.6 billion. The figure came in slightly below December's 36.4% expansion. In addition, the moving 3-month sum hit USD 62.0 billion, which surpasses, for the third consecutive month, the USD 56.9 billion pre-crisis peak reached in the May-July 2008 period. Meanwhile, imports grew 13.1% over the same month the previous year to reach USD 28.6 billion, which contrasted the 11.1% contraction recorded in December. The annual increase was fuelled entirely by non-oil imports, which rose 23.8% year-on-year, whereas oil imports contracted 7.8% yoy. As a result of the strong rebound in imports, the trade deficit widened from USD 2.6 billion in December to USD 8.0 billion in January. In the twelve months up to January, exports totaled USD 218 billion, exceeding the government's target of USD 200 billion set for the current fiscal year, which will end in March 2011.
India Trade Balance
Exports continue to expand at robust pace
March 1, 2011
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India Economic News
October 17, 2016
Recently-released data related to India’s external sector showed that the trade deficit totaled USD 8.3 billion in September, which was a smaller shortfall than the USD 10.2 billion gap recorded in September 2015 (August 2016: USD 7.7 billion deficit).
October 15, 2016
In September, consumer prices fell 0.23% from the previous month, which followed August’s flat growth.
October 12, 2016
The fall in industrial production moderated in August, after recording the largest contraction since November 2015 in July.
October 5, 2016
Activity in India’s manufacturing sector lost steam in September.
October 4, 2016
The newly facelifted Reserve Bank of India (RBI) decided to ease monetary policy at a scheduled meeting on 4 October, cutting the repurchase rate from 6.50% to 6.25%—an over five-year low.