In March, the trade balance narrowed to a USD 13.9 billion deficit, down from the USD 15.2 billion deficit recorded in in the previous month. Imports amounted to USD 42.6 billion, which represents a 24.3% increase over the same month last year, up from the 20.6% rise recorded in February. Meanwhile, exports rose from USD 24.6 billion in February to USD 28.7 billion in March. The figure represents a 5.7% decline in annual terms, which contrasts the 4.3% expansion observed in February. For the fiscal year 2011/12, which ended in 31 March, exports amounted to USD 303.7* billion. The figure represented a 20.9% increase over the previous year and exceeded the government's USD 300 billion target. India has set an export target of USD 500 billion for the fiscal year 2013/14.
India Trade Balance
Exports contract in March
May 1, 2012
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India Trade Balance Chart
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.